Friday, 24 May 2019 12:31

Repo rate unchanged

South African Reserve Bank (SARB) Governor Lesetja Kganyago has announced that the Monetary Policy Committee (MPC) has maintained the repurchase (repo) rate at 6.75%.

As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of an all new boutique hotel brand Home* Suite Hotels into the South African market.

JSE diversified REIT, Dipula Income Fund (Dipula), today announced steady interim results for the six months to February 2019.

Izandla Property Fund  announced the completion of the development of a new logistics warehouse and offices measuring 17,020m² for the Wax Division of Sasol Chemicals, located in the Sasol ChemCity Eco-Industrial Park in Sasolburg, Free State.

The first quarter of 2019 saw significant diverging trends at a segment level in private sector financed residential building activity in South Africa.

“Spear has delivered distribution growth of 10,09% in a very tough economic environment. In a less than optimal operating environment the strong performance of the core portfolio is testament to its high-quality nature and reinforces management’s strategy of being regional focused and close to its assets” – CEO Quintin Rossi

John Jack, CEO of Galetti Corporate Real Estate: "Election results set to boost commercial property prices and lower yields."

Investec Property Fund Limited is pleased to announce a final dividend of 73.51 cents per share (cps) for the six months ended 31 March 2019.

The generally market-friendly election outcome will in all likelihood create a degree of certainty and stability and go some way towards addressing the issues currently affecting  confidence in the South African economy - and as a consequence have a positive effect on the South African residential property market, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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