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“This town is coming like a ghost town…”: Property use and economic collapse combo could leave commercial properties empty

“This town is coming like a ghost town…”: Property use and economic collapse combo could leave commercial properties empty

22 May 2020 | The Stage

The evolution of property use combined with economic contraction could contribute to a severe decline in commercial property occupancy worldwide. In some sense this future has been forecast by the West over the 36-months prior to the COVID-19 pandemic. Large malls in the United States (US) were already struggling to attract and retain tenants as foot traffic plummeted. A similar trend exhibits in the United Kingdom (UK), where the centuries-old High Street is under threat.

“Known knowns, known unknowns, and unknown unknowns”: Uncertainty pandemic: Everything you once knew about business and life planning is obsolete

“Known knowns, known unknowns, and unknown unknowns”: Uncertainty pandemic: Everything you once knew about business and life planning is obsolete

15 May 2020 | The Stage

In February 2002, then US Secretary of State for Defence told a Defence Department briefing: “There are known knowns. There are things we know that we know. There are known unknowns. In other words, there are things that we now know we do not know. But there are also unknown unknowns. There are things we do not know we do not know”. His sentiments will resonate with individuals and business owners as they attempt to plan for their post-pandemic futures, mid-2020.

Getting to grips with business interruption cover during pandemic

Getting to grips with business interruption cover during pandemic

14 May 2020 | Straight Talk

A briefing by National Treasury (Treasury) on the financial impact of COVID19 on both the economy and national budget, published 30 April 2020, makes for depressing reading. Treasury indicated that the IMF estimate of a 5,8% contraction in domestic GDP for 2020 was optimistic given the “high levels of uncertainty [about the] duration and intensity of the pandemic, the subsequent macroeconomic fallout, and the associated stresses in financial and commodity markets”. They warned that tax revenue could decline by almost a third and predicted that between 690 000 and 1,7 million full-time equivalent jobs could be lost. Six weeks into lockdown, and with no sign of an end to the crisis, businesses are taking strain.

“The more things change; the more they stay the same” - COVID-19: Like a strong wind blowing against South Africa’s ‘house of cards’ economy

“The more things change; the more they stay the same” - COVID-19: Like a strong wind blowing against South Africa’s ‘house of cards’ economy

08 May 2020 | The Stage

A quick scan of the news headlines on local websites ewn.co.za, fin24.com, and moneyweb.co.za shows why comedians like Trevor Noah and cartoonists like Dr Jack and Zapiro never run out of material. Stare disconsolately at the drivel behind these headlines and you will learn why columnists and opinion writers will never be short of topics either. After considering the headlines dated 8 May 2020 two thoughts entered my mind: the first was whether to ingrain the facepalm emoji as a permanent overlay for life; and the second to ponder the adage: The more things change; the more they stay the same.

quick poll
Question

Do you think short-term insurance broking will survive the AI plus humanoid robotics age?

Answer
An opportunity to engage with clients

An opportunity to engage with clients

05 May 2020 | Straight Talk
The blurring line

The blurring line

14 April 2020 | Straight Talk
FAnews April 2020 Edition

FAnews April 2020 Edition

08 April 2020 | Featured Story
Amidst the chaos… we have you covered!

Amidst the chaos… we have you covered!

23 March 2020 | The Stage
SAIA clears the air on the Accountable Institution conundrum

SAIA clears the air on the Accountable Institution conundrum

11 March 2020 | The Stage
Concerns over increased strikes risk

Concerns over increased strikes risk

10 March 2020 | Featured Story
Should Eskom be powered with pensions?

Should Eskom be powered with pensions?

25 February 2020 | Straight Talk
Whats inside

Whats inside

20 February 2020 | The Stage