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Property, whether directly held or listed, was the darling of South African investors over the past decade and longer.
Ballito Junction Regional Mall has been named the best new shopping centre development in South Africa this year.
Building activity in the South African market for new private sector-financed housing showed some marginal improvement on a year-on-year basis in both the planning and construction phases in the first seven months of 2017, based on data released by Statistics South Africa.
Real estate consulting firm, JLL South Africa, has released its Q2 2017 research reports of the industrial markets in Johannesburg and Durban, the office markets in Johannesburg, Durban and Cape Town and synopsis of the South African retail market.
The repo rate will remain unchanged at 6.75% per annum, Reserve Bank Governor Lesetja Kganyago said on Thursday.
SARB leaves Repo Rate unchanged after only 1 x 25 basis point cut in the current cutting cycle. Weak consumer confidence likely to remain, and shift to a more cautious consumer expected to continue says John Loos, Household and Property Sector Strategist.
Examining recent years’ of improvement in both the Household Sector Debt-to-Disposable Income Ratio (decline) as well as the Household Sector Net Savings Rate (rise), it would appear that weak consumer confidence levels in a stagnant economy are encouraging households as a collective towards a more cautious financial approach.
Grit reported strong financial results for the year ended 30 June 2017.
“As a city, we are working harder to ensure that we make our citizens happy.
Bridging finance is ideal for those looking to raise funds in the short term.