Monday, 10 December 2018 23:01

Buying a house during recession

It was recently announced that South Africa is in a technical recession, and although it sounds daunting to buy a house during a recession, it might be the perfect time to do so.

South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday.

Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

Growth in US home construction slowed in July after a strong surge the previous month, according to Commerce Department data.

Sales of new US single-family homes surge in May to the highest pace in seven years showing evidence of a housing market pick-up.

South Africa's Gross Domestic Product (GDP) at market prices increased by 0.6% in the second quarter of 2014, Statistics South Africa, said on Tuesday.

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