In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans.

The South African economy continues to rebound from the 2020 recession, albeit at different growth rates across sectors, the South African Reserve Bank’s Financial Stability Review (FSR) has revealed.

Although your insurance policy should be reviewed annually, by paying your insurance premium you indicate for all intents and purposes that you agree to the terms of the policy. 

Results from the listed property sector in 2020 showed property values reducing by an average of around 8%. And while listed property is just one component of the South African property sector.

The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg, Ekurhuleni, by the mall’s co-owners, Vukile Property Fund and Redefine Properties, will soon be complete.

Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28 February 2021.

Thursday, 20 May 2021 23:11

Repo rate remains unchanged at 3.5%

The Monetary Policy Committee has decided against changing the repo rate, once again keeping it at 3.5% per annum, said Reserve Bank Governor Lesetja Kganyago.

Today’s announcement to hold the repo rate steady at 3.5% marks a full year that South Africans have been able to make the most of a historic low lending environment, says Carl Coetzee, CEO of BetterBond.

Over the past 15 years, the sectional title market in South Africa has become entrenched as a significant component of real estate sales, rising from 13% of total sales in 2005 to nearly 28% in 2020, says Pam Golding Properties.

Looking to broaden their hospitality offering into South Africa, WINK Aparthotels, part of Flyt Property Investment group, a property development and investment team, has been acquired by Afrirent Holdings (Pty) Ltd a Level-1BEE 100% black, female- owned company, via its subsidiary  Indalo Hotels and Leisure, effective 1 May 2021.

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