With inflation within the target range and a sluggish economy struggling to regain impetus while the country experiences the worst drought in decades, the Monetary Policy Committee’s decision to further increase the repo rate by another 25bps was ill-timed, as a stable rate would have helped boost business and consumer confidence at a time when it is needed most, says Dr Andrew Golding, CE of the Pam Golding Property group.

The repo rate will remain unchanged at 6% per annum, Reserve Bank Governor Lesetja Kganyago said on Wednesday.

Physical commercial property market has not weakened as much as the listed property sector.

What is the connection between a monolithic building in central Pretoria and an old mansion in the Johannesburg suburb of Parktown? Not a great deal, but the deliberations in either one will have a bearing on economic growth.