Fourth quarter (Q4 19) statistics released by ooba, South Africa’s leading home loan comparison service, show minimal growth of 1.8% in the Average House Price year-on-year from Q4 18 to Q4 19. The Average Purchase Price of First-time Buyers performed marginally better, up 2.5% for the same period.

Retail Property challenges are partly about technological advances. But they’re also very much about old fashioned fundamentals…including a big affordability challenge

John Jack, CEO of Galetti Corporate Real Estate: "Election results set to boost commercial property prices and lower yields."

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, continues to build a solid platform for sustained growth and value creation despite ongoing economic and political uncertainty.

The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa’s repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

Last week’s NERSA decided to allow a further above-inflation tariff hike.

John Jack, CEO of Galetti Corporate Real Estate.

President Cyril Ramaphosa says the financial and operational challenges faced by power utility Eskom are not caused by the Independent Power Producer (IPP) programme.

The National Energy Regulator of South Africa (Nersa) has granted Eskom a 9.41% tariff increase in the 2019/20 financial year.

While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to align its strategy to long-term trends and proactively manage liquidity through the recycling of non-core assets.