This week’s SARB interest rate decision not expected to change property market conditions meaningfully.

Signs that the residential property market is beginning to stabilise.

 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line with market expectation.

South Africa has come out of a technical recession with the economy growing by 2.2% in the third quarter of 2018, said Statistics South Africa (Stats SA).

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has increased the repurchase rate (repo) by 25 basis points, effective 23 November, Governor Lesetja Kganyago announced on Thursday. 

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.

The Property Sector Charter Council today (11 July, 2018) released the results of its latest study: The South African Property Sector Economy Contribution.

Last year’s consumer spend left a lot to be desired. The fluctuating rand, economy as well as the political landscape may have affected the bottom lines of many retailers and shopping centres alike.

ooba, South Africa’s biggest bond originator, welcomes the interest rate cut of 0.25% announced by the South African Reserve Bank this afternoon.

Better than expected GDP figures for 2017 released today brought sighs of relief all round after an unquestionably tough year economically for South Africa.