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Property market to remain skittish in 2019
They tell us that the worst is over, but I am not convinced that is the case, says Chris Renecle, MD of Renprop when talking about the Gauteng property market outlook for 2019. The market is currently skittish with many adopting a wait and see attitude and this is likely to continue for a number of months, he says.
Renecle notes that Renprop started 2018 with much optimism after experiencing the busiest January in a number of years, but says that after the speech about land appropriation without compensation, the market slowed down and there was a notable drop in enquiries across the board.
In order for the South African property market to show any kind of improvement and growth in 2019, it requires policy certainty, especially around the land appropriation issue, as well as investment and an economic boost. Therefore there is not expectation of a major recovery in any market sector in the year ahead. Therefore over the next 12 months, the South African property market is expected to perform much has it has during 2018.
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The need to communicate and access the internet has become a human right in South Africa and should be treated as such, Media Monitoring Africa has said during an inquiry into data services.
Testifying before the Competition Commission's Data Services...
The rand strengthened further on Monday after Moody's Investors Service held off on its ratings review of South Africa on Friday.By 10:04 the local unit was trading 0.41% firmer at R14.45 against the US dollar, despite the dollar firming somewhat on risk-off sentiment.Last...
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Parliament's joint ethics committee is to investigate EFF chief whip Floyd Shivambu's possible conflict of interest in payments he received from his younger brother, Brian Shivambu, as part of the ongoing "VBS heist" scandal.The Democratic Alliance’s (DA) Phumzile...
Read More...The Nugent Commission of Inquiry into the South African Revenue Service (SARS) on Monday resumed in Pretoria, despite a brewing Constitutional Court bid by suspended tax boss Tom Moyane to have it halted.Judge Robert Nugent, who is heading the inquiry, has also...
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Cape Town - There are four changes and a positional shift in the Western Province starting line-up for their Currie Cup semi-final against Blue Bulls at Newlands on Saturday.Fullback Dillyn Leyds and No 8 Juarno Agustus make their return from injury in the...
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SAA blocks 2 suspicious passengers from boarding plane after recent mid-flight theft South African Airways (SAA) on Thursday confirmed that two passengers...
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'Correcting the original sin of land dispossession': Ramaphosa hands over land to KZN community President Cyril Ramaphosa handed over more than 4000 hectares of land...
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