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Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.
Examining recent years’ of improvement in both the Household Sector Debt-to-Disposable Income Ratio (decline) as well as the Household Sector Net Savings Rate (rise), it would appear that weak consumer confidence levels in a stagnant economy are encouraging households as a collective towards a more cautious financial approach.
Municipalities across the country are set to go greener with the introduction of a new national strategy.
Periods of strong housing market price growth can often be a cause for concern..
A forensic investigation to determine the cause of the N3 pedestrian bridge collapse is underway, says Transport Minister Joe Maswanganyi.
Home buyers and those with mortgages will be encouraged by today’s announcement by the Monetary Policy Committee of a 25 basis point reduction in the repo rate, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Shareholders are advised that MAS has, through a wholly-owned subsidiary, New Waverley 20 Limited, entered into an agreement for lease with the UK government (respectively, the “Agreement” and the “Tenant”) for the office component of the New Waverley development in Edinburgh, Scotland.
The South African property sector is making reasonable efforts towards transformation, but it needs to pick up pace.
Stuart Chait, Executive Chairman of Land Equity, a South African based privately held property investment, development and private equity company, has called on government to back Black Economic Empowered (BEE) property developers by making access to funding easier.
Listed property specialist Plexus Wealth has launched a second property fund, the Plexus Wealth BCI Flexible Property Income Fund, to provide investors and retirees with a higher income option.