Wednesday, 31 August 2016 14:38

Sod turning ceremony to mark R11bn investment

The Coega Development Corporation (CDC) on Tuesday hosted a sod turning ceremony to mark the R11 billion investment by the Beijing Automobile International Corporation (BAIC) at the Coega Industrial Development Zone.

Some may perceive the Commercial Property Sector not to have “boomed” to the extent of the Residential Sector over the past 2 decades, with the Residential Market having experienced an extreme price growth boom prior to 2008.

Wednesday, 08 June 2016 19:26

GDP contracts in first quarter of 2016

South Africa’s Gross Domestic Product (GDP) contracted by 1.2% in the first quarter of 2016, Statistics South Africa (Stats SA) announced on Wednesday.

JLL research considers the impact of trade trends on the South African industrial property market over the last ten years, as well as the opportunities and challenges in this sector.

Ratings agency Standard and Poor’s will today make its decision public on South Africa’s credit rating.

The Reserve bank (SARB) Monetary Policy Committee (MPC) decided today to hike its policy Repo Rate by a further 50 basis points to 6.75%, a move that will see Commercial Banks raise their Prime rates to 10.25%.

The country’s seasonally adjusted real Gross Domestic Product (GDP) at market prices has increased by an annualised rate of 0.7% in the third quarter of 2015.

2015 has seen some positive growth, but Residential Building and Fixed Investment remains low.

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) raised the key monetary policy interest rate – the repurchase, or repo rate – by a further 25 basis points from 6% to 6,25% per annum. Due to this hike in the repo rate, Absa announced that its prime lending and variable mortgage interest rates will rise from 9,5% to 9,75% per annum, effective from 20 November 2015.

Total income for SA's tourist accommodation industry rises 8.1% in nominal terms in July 2015 compared with July 2014.

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