Tuesday, 03 September 2019 11:37

SA’s GDP grows by 3.1% in second quarter

South Africa’s gross domestic product increased by 3.1% in the second quarter of 2019, Statistician General Risenga Maluleke revealed on Tuesday.

Increased over the past two years, contributing to excess supply predominantly in the upper-ends of the property market.

New Mortgage Lending continued its year-on-year decline in the 1st quarter of 2019, with the Commercial Mortgage Lending and New Building Mortgage categories being the major “drag”

Wednesday, 10 April 2019 15:45

Kenya’s logistics market continues to grow

Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply, Broll Property Intel’s latest Kenya Logistics Snapshot Report reveals.

The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa’s repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

Tuesday, 05 March 2019 22:17

GDP grows by 1.4% in the fourth quarter

South Africa’s Gross Domestic Product (GDP) soared by 1.4% in the fourth quarter of 2018, Statistics South Africa announced on Tuesday.

Wednesday, 20 February 2019 19:45

Growth revised down to 1.5% in 2019

National Treasury has revised down the South African economy’s growth to 1.5% in 2019.

After rising to 35 in 3Q2018, the FNB/BER Building Confidence Index fell back to 32 in 4Q2018. 

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

EPP, Poland’s largest retail property owner, posted distribution growth of 12% per share to EUR 5.82 cents for the six months ended 30 June 2018.

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