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Property - Asset or expense? Is property an asset or expense? At first glance, the question seems to be simple to answer, of course, property is an asset. ... 
Door-to-door campaign to resolve Joburg billing issues  The City of Joburg is going on a door-to-door campaign to educate its customers to pay their accounts on time and to resolve their billing issues.
EAAB protects against unscrupulous agent behaviour  According to a Homeowner Insights study conducted by Absa and Columinate in 2016, only 16% of people selling their properties trusted their estate agents.
The gap widens between asking price and selling price The differential between the listing price and selling price of homes in the current market can be as much as 30%.

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Home buying expected to take turn for worse

South Africa's credit rating downgrade and the current economic downturn and the current economic downturn is slowly starting to impact the country's property market, with house price growth and levels of home buying expected to soon take a turn for the worse.

At present the property market is continuing to perform as normal, but financial professionals warn about a lag between changed economic states and property market performance.

Erwin Rode, CEO of Rode & Associates, believes the country's poor economic performance will eventually impact on the growth in housing prices and the rentals that households can afford.

He adds, however, that Cape Town is the exception as house prices are still growing at double-digit figures compared to the rest of the country, which are about 2 points below inflation or worse.

There seems to be consensus that this can be ascribed to 'semigration' from up-country. Confirmation of this hypothesis can be seen in the traffic in Cape Town, which has become worse than traffic in Joburg."

Apart from Cape Town, Rode expects house prices to grow at less than the inflation rate for many years, which will make a house financed by a high mortgage bond a poor investment.

Read more: Home buying expected to take turn for worse

 
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Cape Town - Companies listed on the Johannesburg Stock Exchange (JSE) will have to publish a compliance report on their broad-based black economic empowerment (B-BBEE) status.This follows amendments to its Listing Requirements to ensure that its listed companies...

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Cape Town - Inequality and economic exclusion is the biggest driver of political risk both globally and in South Africa, according to journalist and political analyst Karema Brown."If we have to compare ourselves to Russia in order to feel better about the country,...

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Politics

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Cape Town - President Jacob Zuma says he has no idea where the so-called #GuptaEmails have come from, and they will be tested during three separate probes...

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Cape Town - President Jacob Zuma is due to face some tough questions on Thursday during his quarterly appearance in Parliament to answer questions from MPs.MP's are expected to focus on some of the controversial developments since his last question and answer session...

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Sports

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Cape Town - The Proteas will need to put in a significantly improved performance to keep the T20 International series against England alive in the second match at The County Ground in Taunton on Friday.Proteas batsman, Farhaan Behardien, says the squad will need...

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Johannesburg - The Springboks, remarkably, have never beaten France at Ellis Park. The sides may have only met four times at the historic venue of the 1995 World Cup final, but France have won every one of those meetings. The sides will face off there on Saturday...

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