Amid continuing global economic uncertainty, South Africa continues to experience growth and has weathered the storm with a stable fiscus

The Western Cape, South Africa’s fourth largest province, continues to outstrip the rest of the country in terms of economic performance and growth prospects. 

Current disturbances may create the impression that the South African economy is on its way to "stagnation" if not eventually "recession".

SOUTH Africa will spend R4-trillion on infrastructure over the next 15 years, as part of its broad plan to boost economic development and growth, President Jacob Zuma said on Friday.

The gross domestic product (GDP) in South Africa expanded 3,2% in the second quarter of 2012, q/q (SAAR) from a previous 2,7% for Q1 2012. 

The Bureau for Economic Research (BER), in its second quarterly economic report on the Western Cape economy as commissioned by the Western Cape Government, found that after contracting by 1.3 per cent during 2009, economic activity in the Western Cape grew by of 3.1 per cent during 2010. This is higher than the national economy which only grew at 2.9 per cent during the same period

With the global credit crisis and the continuation of sovereign bail-outs, it appears that uncertainty remains the only certainty. And coupled to low economic  growth, global interest rates are set to remain at historic low levels for longer than was thought perhaps only a few weeks ago. Similarly for SA, we can expect the low interest rate cycle to ride for a little longer which is ultimately good for direct and listed property. Pointing to mortgage advaces, some are suggesting that rates will in fact come down further

Government recently unveiled its infrastructure plan for the country which it plans to take to the provinces and various other stakeholders for implementation

Ten years ago, the construction sector was moving at half speed after two decades of reduced activity levels, ever since the great 1970s infrastructure boom had ended

Almost a third of the country’s municipalities are without municipal managers