Some general news today is that Eskom has had to reduce it’s implementation of new connections by 46%.This is of course due to the capacity problems we all know about.Apparently non-electrified existing buildings will be the most greatly affected.But it stands to reason that until the situation improves fewer new developments will be given the go ahead unless they have energy efficient designs.One major stumbling block in that regard is the cost of becoming energy efficient,although most experts agree that there will be savings in the long run.Many people are very frustrated by Eskom’s continuous problems and feel that some one should have known this would happen and planned for it.Others say it is not at all uncommon for developing countries to experience problems such as this and that it is a sign of our growing economy.

Whatever your view on the subject it probably doesn’t make it any less irritating when the power goes off when you need to cook supper.What may make us feel a little better is that most experts are saying the South African economy will come through the current global financial meltdown with flying colours and go on to be even stronger.This is due to the sound financial policies we have compared to other major players in the global market.How will all the turmoil effect the current world economic giants,some teetering on the brink of financial collapse.

What we are all waiting for is the predicted drop in the interest rate that should happen in the first quarter of next year.This will free up valuable disposable household income and we will see the property market make a slow comeback after this years abysmal growth.Distressed selling will also decrease and many people will just be able to breathe easier.

As we approach the end of the year we can only speculate as to what will happen in 2009,and if this year is anything to go by it certainly won’t be boring.