The Monetary Policy Committee has decided to keep the repo rate unchanged at 3.5% per annum, Reserve Bank Governor, Lesetja Kganyago, has announced.

JLL, one of the world’s leading real estate investment and advisory firms, today released its Q1 South Africa Real Estate Market Performance report which outlines the implications that Covid-19 will have on major sectors across the country.

Kim Pfaff-Karg, BSc Property Studies (Honours) is the Chief Investment Officer at Spear REIT Limited, a Real Estate Investment Trust (REIT) listed on the Johannesburg Stock Exchange (JSE).

Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.

The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.

The trouble with house prices is because of a booming market that causes consequence of upbeat consumer confidence.

National Treasury has revised downwards South Africa’s economic growth to 1.5%.

Looking at the international scenario while the global economic recovery remains on track, it is both fragile and uneven.

South Africa has welcomed the announcement that Nigeria, Africa's most populous nation, is now the biggest economy in sub-Saharan Africa after it rebased its gross domestic product (GDP).

During the last meeting of the Reserve Bank's monetary policy committee in September this year it was decided to leave interest rates unchanged for the seventh time, a decision that has made it easier for many home owners to comfortably pay their mortgages.