- Members of the Rustenburg community and those in surrounding areas have had their tur...
- The DA's march in Cape Town on Thursday calling for the government to "send the army"...
- A member of the Public Order Policing Unit was attacked on Thursday night as the prot...
- Police Minister Bheki Cele announced on Thursday morning that an employee at ANC head...
- Washington - There's a load of bling buried in the Earth. More than a quadrillion ton...
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External factors turn optimism to caution
The downhill slide to the end of 2018 could be more an uphill struggle for the countryÂ’s property market, with external factors leaving it facing a bleak outlook.
South Africa’s slow economy and rising living costs chiselled away at the optimism felt at the start of the year, leaving the “Ramaphoria” effect now pretty much non-existent.
Added to this is uncertainty surrounding land expropriation without compensation and its expedience ahead of the general election next year, says Stuart Manning, chief executive of the Seeff Property Group. Household budgets are under severe pressure due to rising costs, the most recent being yet another petrol price increase.
“The economy is characterised by low investment, constrained confidence and uncertainty about property ownership. The rich and those with money to spend on houses are holding back, which is concerning for the market.”
Business
The unchanged repo rate is good news for consumers and property owners, especially those with mortgage bonds, said a property expert.Stuart Manning, CEO of the Seeff Property Group commented on the SA Reserve Bank's (SARB) Monetary Policy Committee (MPC) decision...
Read More...Small open economies like South Africa are likely to suffer due to global trade wars, Reserve Bank Governor Lesetja Kganyago has said.The governor was speaking during a question and answer session following the rates announcement on Thursday afternoon. The monetary...
Read More...Politics
While the Department of Public Works turns to the court for the recovery of around R1.2bn lost to collusion, corruption and irregularities in leases, Minister of Public Works Thulas Nxesi is singing President Cyril Ramaphosa's praises."We now have a leader, in...
Read More...An 11th-hour application to interdict the KwaZulu-Natal ANC provincial elective conference was dismissed in the KwaZulu-Natal High Court in Pietermaritzburg on Thursday."It was struck off the roll. The matter was dismissed with costs," provincial task team (PTT)...
Read More...Sports
Cape Town - Sharks coach Robert du Preez has named an unchanged 23-man line-up for their Super Rugby quarter-final against the Crusadersin Christchurch on Saturday.The Sharks beat the Jaguares 20-10 in Durban last weekend to sneak into eighth position on the...
Read More...Johannesburg - We are on the cusp of a weekend where the South African Super Rugby participation will probably be cut to one team, and perhaps zero, but there is a silver lining to this bleak scenario. Springbok coach Rassie Erasmus confirmed the counter-point...
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Land: The people speak – We are all Africans, Rustenburg residents told Members of the Rustenburg community and those in surrounding areas...
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Deputy police minister refuses to accept DA's 'send the army' memorandum The DA's march in Cape Town on Thursday calling for the government...
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