Theo Klein

Gloomy road ahead for construction

Gloomy road ahead for construction

Tujoromajo Kasuto Analysts have predicted pipeline construction activity will be less promising in 2022, as rising interest rates and the possibility of another 100bps repo rate hike before the end of the year that will put a strain on household budgets that are already stretched due to high food and fuel prices. According to Simonis Storm Securities, Economist Theo Klein this will have a major negative impact on the middle income residential market. ‘’This could negatively impact buyer demand, especially in the low to middle income residential market. We do also expect demand for office/commercial property to be subdued owing…
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Double digit growth in livestock exports<br>…but prices of beef and mutton drop in May

Double digit growth in livestock exports
…but prices of beef and mutton drop in May

Staff Writer Cattle slaughtered at local abattoirs increased by 3.4 percent year on year in May 2022, while sheep slaughtered increased by 12 percent, goats increased by 90.7 percent, and pig slaughtered increased by 12.8 percent According to a report by Simonis Storm economist Theo Klein in May 2022, live cattle exports increased by 35.9 percent year on year, sheep by 47.5, and goats by 9.8 percent and South Africa was the only country to which live cattle was exported to. ‘’During May 2022, South Africa will receive 99 percent of all live sheep and live goat exports. In terms…
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