Message from the MD - Feb 2020
Category Newsletter: Message from MD
Dear Friends, Property Investors and Enthusiasts,
Just as we entered a new decade we were greeted by an impending war between the USA and Iran with Australia experiencing the worst bush fires in history and more recently the outbreak of the Corona virus in China. The world is changing, it always has, yet we have never before experienced change at this pace. Governments and businesses around the globe will need to adjust to these fast changing times, with the ones more adaptable to change most likely standing a better chance on survival.
South Africa was not spared its share of misfortune either as loadshedding returned sooner than expected. This, along with reports that we need to accept that loadshedding is here to stay for the foreseeable future, begs the question as to why our Government has not adapted to the utilisation of renewable energy sources. We were however given a small reprieve when the Reserve Bank announced the reduction of the prime lending rate by 25 basis points. Although welcome, this reduction alone will not be enough to stimulate the struggling economy.
We must humbly apologise for the technical glitch that saw a copy of our December newsletter once again distributed in January and sincerely hope you weren't too inconvenienced or confused. The clever people hosting our website cannot say why this happened so we can only place the blame on a computer gremlin - hopefully it won't happen again!
Author: Nico Louw
