FNB Wealth and Investments Economic Outlook - African National Congress National Policy Conference
Standard & Poor's Global Ratings has again downgraded SA's foreign and local currency ratings by one notch each to BB and BB+ respectively.
Evidence of buoyancy in commercial property market amidst challenging political and economic conditions
Real estate consulting firm, JLL, has released its South African Q3 2017 market reports for the office markets in Johannesburg, Durban and Cape Town; the industrial markets in Johannesburg and Durban; and an outline of the South African retail market.
International Monetary Fund expects SA’s GDP to grow to 1%
The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.
Minor adjustments to transfer duty on property in the 2017 Budget
The 2017 national Budget was tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017.
Pravin Gordhan raises transfer duty threshold from R750 000 to R900 000
The raising of the threshold for transfer duty on properties sold for less than R900 000, up from R750 000, as announced in today’s National Budget, is positive news as it provides some relief for first time home buyers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
GDP to average 1.3% in 2017, SA needs to boost investment
South Africans can expect growth of 1.3% in 2017, which is expected to improve moderately to over 2% in the medium term, Finance Minister Pravin Gordhan said on Wednesday.
Good news for affordable housing market
As Finance Minister Pravin Gordhan tabled what appeared to be a pro-poor budget, he has announced that relief will be given to the affordable housing market.
Proposed tax increases puts pressure on households
The ratings agencies have been circling for months with many fearing a downgrading to junk status, and South Africa’s economic growth rate has been narrowed from 0.8% in February to 0.5%.
Standard and Poor to decide on South Africa's rating
Ratings agency Standard and Poor’s will today make its decision public on South Africa’s credit rating.
Hospitality Property Fund offers Tsogo Reit benefit
Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.
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