A highlight on South Africa’s political calendar kicks off tomorrow at 17h00.

Wednesday, 06 February 2019 13:27

Re-rating on the cards for SA REIT sector

South Africa’s real estate investment trust (SA REIT) sector is heading for a re-rating; the question is whether the sector will rally this year or next?

The value of outstanding credit balances in the South African household sector increased by 5,7% to R1 630,2 billion in 2018 after rising by 3,8% in 2017.

Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.

Although the Camps Bay market has responded predictably to the prevailing socio-economic climate with lower sales volumes across the board, it has proven more resilient than most comparable areas this year with a 1.88% increase in the average house price and a diminishing gap between asking and selling prices.

Broll Property Group (Pty) Ltd announced this morning that it has ended its affiliate partnership with US-based CBRE Group, Inc.

Wednesday, 05 December 2018 19:24

SA exits technical recession in third quarter

South Africa has come out of a technical recession with the economy growing by 2.2% in the third quarter of 2018, said Statistics South Africa (Stats SA).

Vukile Property Fund today reported 7.5% growth in dividends to 78.1 cents per share for its half-year to 30 September 2018, which is well in line with its full-year guidance.

 Diversified, South African-focused property fund Arrowhead today reported results for the year ended 30 September 2018.

Today’s October CPI (Consumer Price Index) showed a slight acceleration in its year-on-year inflation rate, from 4.9% in the previous month to 5.1%.

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