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'Communicare puts roofs over head' FROM the sprawling informal settlements and overcrowded backyards, it is plain to see that Cape Town has a huge housing backlog, robbing people of their dignity.
'Don't buy into the negativity' SA may be in a "technical" recession, but a closer analysis of the figures released by StatsSA this week shows that the economy is actually heading in the right direction...
'Land reform panic uncessary' There is no doubt that there is great concern about land reforms amongst ordinary South Africans and especially property owners and buyers.
Higher bond numbers show banks still bullish on real estate  There has been a 4,2% increase in the number of bond approvals over the past 12 months, despite a 2,9% decline in the number of home loan applications.

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Looking back on three decades in SAÂ’s property market

Estate agency boss, Seeff’s Samuel Seeff, recounts the highs and lows of 30 years in property:

 

1983-1987: The interest rate was in the 20%-25% range and you could not sell anything in Camps Bay. Just five years ago, you could still buy in Camps Bay for R6 million. Now the entry-level price is R10m.

 

1992/3: South Africa was under major threat of a revolution and the market was practically dead. For most of the 1990s the interest rate was 18%-20%, peaking at 25.5% in 1998. 

 

1994: First democratic elections and a new era for South Africa, but the interest rate was still at 16.25% and remained high throughout, peaking in 1998 , despite 2.5%-3.5% economic growth.

 

1998: A slump in economic growth to just 0.5%, picking up to 2.5% in 1999 before the economy started its serious uptick towards the 2000-2007 boom phase. Prior to 2002, South Africans weren’t buying, but foreigners were, seeing the value of property in Cape Town. 

 

2000-2007: Economic boom with growth rates in the 4%- 5.5% range, yet interest rate was still in the 13%-15% range, only coming down to 10.5% (the current level) in 2005. 

Read more: Looking back on three decades in SAÂ’s property market

 
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The Johannesburg Stock Exchange says it’s proposing tighter listing rules after South African financial markets were “shaken by a range of corporate scandals, rumours and innuendo” over the past year.The bourse published a consultation paper on Wednesday,...

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The biggest fuel price hike in South Africa's history could take place in October, the Automobile Association said on Thursday.It was commenting on mid-month unaudited data from the Central Energy Fund."A spike in international oil prices and a huge swing in the...

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Politics

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Nelson Mandela Bay Mayor Mongameli Bobani, who is from the UDM, said he was merely calling the DA's bluff when he said the entire budget would be allocated to the townships in the next financial year.Last week, Bobani made a controversial pronouncement at an Integrated...

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The South African Social Security Agency (Sassa) says it is ready for October when it will make all social grants payments to beneficiaries by itself, in partnership with the South African Post Office (SAPO).Sassa says this in light of a Constitutional Court decision...

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Cape Town - Nothing has been confirmed yet, but there is a very good chance that the Springboks will be without Willie le Roux for their final two Rugby Championshipmatches against Australia and New Zealand. Le Roux has returned to Wasps in England where...

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Cape Town - Springbok lock Eben Etzebeth has been linked with a move to France after next year’s Rugby World Cup in Japan.According to French publication,  Read More...

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