Proposed tax increases puts pressure on households
The ratings agencies have been circling for months with many fearing a downgrading to junk status, and South Africa’s economic growth rate has been narrowed from 0.8% in February to 0.5%.
Redefine Properties harnesses it's strategic strengths to deliver on a solid set of results
JSE-listed, internationally diversified real estate investment trust Redefine Properties (JSE: RDF) has harnessed the benefits of a diversified portfolio and operational efficiencies to deliver a solid performance for the full year to end August 2016.
Herschel Jawitz CEO Jawitz Properties - State of the residential market
The current residential market continues to reflect the state-of-the-nation and the economy, both in terms of price growth and the level of consumer and business confidence.
Current account deficit narrows to 3.1%
South Africa’s current account deficit narrowed to 3.1% of gross domestic product (GDP) in the second quarter of this year.
Continued slowdown in middle-segment house price growth
August 2016 saw year-on-year growth in the average nominal value of middle-segment homes in the South African housing market slowing down further to its lowest level in almost four years.
Texton's diversification strategy delivers robust perfomance - Annual financial results for the year ended 30 June 2016
Diversified property REIT, Texton Property Fund (“Texton”) today announced robust final results for the year ended 30 June 2016, declaring a total dividend of 103.63 cents per share (2015: 94.77 cps), a 9.4% increase, following the successful implementation of its diversification strategy geographically into the United Kingdom (UK) and across sectors.
Challenging times see some of the best properties taken to auction in years
Exciting opportunities arise in uncertain and difficult times, says Norman Raad, CEO of Broll Auctions and Sales.
No sign that push into property is slowing, says Dr Andrew Golding
Cash-strapped homeowners with mortgages, who are faced with inexorably rising consumer costs across the board, will be relieved at the Monetary Policy Committee’s decision today (21 July 2016) to keep the repo rate steady, says Dr Andrew Golding, CE of the Pam Golding Property group.
Continued slowing property price growth in second quarter of 2016
Second quarter 2016 statistics released by ooba show nominal house price growth of 2% year-on-year compared to the second quarter of 2015.
Retail property sector forecast points to a mild slowdown
According to John Loos, a mild slowdown for the Consumer and Retail Property sector is projected based on an FNB macroeconomic scenario where recession is avoided, inflation is moderate, and interest rates have just about peaked.
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