With inflation currently below the mid-point of the Reserve Bank’s inflation target and economic growth remaining sluggish, the Monetary Policy Committee kept the repo rate steady at 6.75%, as expected.

In the week ahead, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC) will meet to deliberate on interest rates from the 26-28 March, and FNB expects it to leave its policy Repo Rate unchanged at 6.75%.

A new analysis by INRIX, has shown that Cape Town’s commuting vehicle drivers, spend more time in congested traffic than those of any other major city in South Africa.

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.

Wednesday, 20 February 2019 19:17

Property insights- Budget week

Minister Tito Mboweni’s 1st Budget is likely to be a “tough” budget, with economic weakness constraining revenues along with a seemingly endless list of urgent spending priorities, some bordering on crises, giving him little room to manoeuvre.

Residential property market sentiment in South Africa increased over a wide front in the final quarter of 2018 on the back of an improved economic performance.

The value of outstanding credit balances in the South African household sector increased by 5,7% to R1 630,2 billion in 2018 after rising by 3,8% in 2017.

2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity.

Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.

The Firstrand economic team expects a 25 basis point interest rate hike this week when the SARB (South African Reserve Bank) MPC (Monetary Policy Committee) meets to deliberate on interest rates.

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