Growth revised down to 1.5% in 2019
National Treasury has revised down the South African economy’s growth to 1.5% in 2019.
Property insights- Budget week
Minister Tito Mboweni’s 1st Budget is likely to be a “tough” budget, with economic weakness constraining revenues along with a seemingly endless list of urgent spending priorities, some bordering on crises, giving him little room to manoeuvre.
Grit delivers robust interim results despite challenging retail market conditions
London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the period ending 31 December 2018, despite challenging retail market conditions.
South Africa a living embodiment of the “good news, bad news” paradigm - Yael Geffen
Reacting to the President’s address, Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, said South Africa was the living embodiment of the “good news, bad news” paradigm.
SONA addressed potential investors fears - Rudi Botha
Rudi Botha, CEO of SA’s leading bond originator BetterBond, says the SONA was very wide ranging and covered a huge number of initiatives, but that there were definitely some highlights for the real estate market.
SONA dealt with all economic and social issues affecting the real estate industry - Berry Everitt
Berry Everitt, CEO of the Chas Everitt International property group, says that the very detailed State of the Nation Address dealt with all of the economic and social issues that are currently of concern to the real estate industry, including the need to rebuild investor and consumer confidence in SA, stimulate economic growth, accelerate job creation and eliminate widespread corruption.
The effect of SONA on the South African property sector
A highlight on South Africa’s political calendar kicks off tomorrow at 17h00.
Atterbury Theatre re-opens with even more pizzazz
The Atterbury Theatre has undergone a major revamp after almost eight successful years and 2,450 performances, productions and features enjoyed by some 731,630 people.
Unchanged repo rate positive, while buyers gradually return to the market
After an unexpectedly tough 2018, but with the welcome announcement that the repo rate remains unchanged following this first MPC meeting of the year, the outlook for 2019 is somewhat brighter.
An improved focus on governance will drive confidence in SA REITs in 2019
The SA REIT sector’s focus on improved corporate governance is expected to support positive sentiment for investment in listed property in 2019.
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