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NEWS REAL ESTATE MARKET: Much depends on elections
Experts predict an upswing in the economy and property market if all goes well in May’s national poll.
The residential property market remains subdued amid the current political noise and economic uncertainty, and it seems city skylines are less spiked by cranes and scaffolding.
New buildings and developments that are still being constructed are proceeding on a smaller scale, and financiers are less inclined to fund big projects.
The residential market has been negatively affected by poor market sentiment and John Chapman, a director at Rabie Property Group, says investors are “sitting tight” and not committing any capital to speculative ventures. He is, however, hoping the market will improve after the elections and that people will be more confident about the future.
This hope is not unrealistic. The start of 2019 has already seen a slight improvement on 2018 and Bill Rawson, chairman of Rawson Developers, believes that, as the market becomes accustomed to the political distractions, it should improve.
Read more: NEWS REAL ESTATE MARKET: Much depends on elections
Business
President Cyril Ramaphosa announced on Thursday evening that debt-laden power utility Eskom would be split into three separate entities –...
Read More...President Cyril Ramaphosa says the National Health Insurance (NHI) Bill will soon be ready for submission to Parliament."The NHI will enable South Africans to receive free services at the point of care in public and private quality-accredited health facilities.
Politics
President Cyril Ramaphosa said on Thursday that his government was addressing concerns around policy uncertainty and inconsistency. The president was delivering the State of the Nation Address in Parliament on Thursday.Last year a number of stakeholders raised...
Read More...Ex-Bosasa boss turned whistleblower Angelo Agrizzi is not going to let his arrest this week stop him from continuing his testimony before the state capture commission of inquiry.According...
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Bournemouth - Footballer Emiliano Sala's family grieved on Friday after British authorities formally identified his body as the one recovered from the submerged wreckage of a plane that went down in the English Channel more than two weeks ago."We can now begin...
Read More...Paris - Centre Mathieu Bastareaud returns for France's Six Nations fixture against England on Sunday as South Africa-born lock Paul Willemse is dropped to the bench among six changes, the French Rugby Federation announced.The experienced Bastareaud, who...
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SA to go to the polls on May 8, says Ramaphosa President Cyril Ramaphosa has announced that he intends to proclaim...
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