Apart from isolated cases where foreign buyers purchase local residential property they perceive as bargains, South Africa is not seeing a flood of foreign buyers despite the weak Rand.

After improving marginally to 42 in 4Q2015, the FNB/BER Civil Confidence Index lost 14 points to register a level of 28 in 1Q2016.

Real Retail Sales growth for December 2015 continued to record an exceptionally healthy growth rate under the weak economic circumstances.

Home loan market still being driven by first time home buyers.  54% of applications are currently from first time homebuyers.

The new multi-million rand landmark Cosmo Mall Pedestrian Bridge, developed by the owners and developers of the mall, Bentel Group, is set to open to the public later this month (December) just ahead of peak festive season trading.

The still-reasonable real growth is in part about reasonable nominal sales growth, which measured 7.3% year-on-year in October, but also still very much about low Retail Price Inflation of 3.9%, contained by a broader benign inflationary environment that currently persists in South Africa.

The November CPI (Consumer Price Index) inflation rate edged slightly higher, from 4.7% year-on-year in the previous month to 4.8%.

Cube Workspace opens fourth property in two years to meet increasing demand for more value and flexibility in a young, fun work environment, off the back of a buoyant office supply market.

Tuesday, 04 August 2015 14:45

Emira Property Fund appoints new CEO

Emira Property Fund appoints Geoff Jennett, currently chief financial officer and an executive director of Emira, as Chief Executive Officer with effect from 1 September 2015. 

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