Growth in the value of outstanding credit balances in the South African household sector (R1 660,9 billion) remained relatively stable in the first four months of 2019, recorded at 6% year-on-year (y/y) at the end of April this year.

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

In line with its stated intention of strengthening governance, broadening diversity and improving board independence, JSE listed diversified Real Estate Investment Trust (REIT) Redefine Properties (JSE: RDF) has appointed Sipho Pityana as its independent non-executive chairperson. The appointment is effective from 3 May 2019.

Growth in the value of outstanding credit balances in the South African household sector.

The value of outstanding credit balances in the South African household sector increased by 5,9% year-on-year (y/y) to R1 653,3 billion up to the end of February 2019 (3,9% y/y at end-February 2018), with growth in total credit balances as well as secured and unsecured credit balances remaining unchanged from end-January. 

Concor Buildings has kicked off construction on the second phase of the prestigious Oxford Parks project in Rosebank, Johannesburg, after their successful completion of the first phase last year.

The National Home Builders Registration Council has appointed three new executives to strengthen its capacity – this includes Chief Operations Officer, Mr Otsile Maseng; Chief Financial Officer, Mr Songezo Booi and Chief Risk Officer, Ms Simphiwe Sitwayi.

Growth in the value of outstanding credit balances in the South African household sector, which amounted to R1 641,5 billion, increased further to 5,9% year-on-year (y/y) at end January from 5,7% y/y at end-December and 3,7% the end of January last year.

Levels of building activity in the South African market for new housing remained subdued in 2018, which were much in line with trends since 2010 after the economy emerged from recession in 2008/09.

No quick fix for SA’s Budget, but there’s some hope….

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