Despite President Ramaphosa’s optimistic analogies of fynbos re-emerging after fire, 2021’s State of the Nation Address made it clear that South Africa has a long, and largely undefined, road to recovery ahead.

The South African Institute of Valuers (SAIV) has welcomed the State of the Nation Address (SONA) by President Cyril Ramaphosa on Thursday, 11 February.

President Cyril Ramaphosa’s State of the Nation address was lacklustre at best, failing dismally to reassure investors that the country has tangible short- to medium-term plans to effect an economic turn-around, comments Joff van Reenen, Director of specialist real estate auction company, High Street Auctions.

Wednesday, 10 February 2021 12:38

Rand comes full circle SONA to SONA

The rand has certainly been on a tumultuous ride in the 12 months since the 2020 State of the Nation Address (SONA).

Berry Everitt, CEO of the Chas Everitt International property group, says the most positive news to emerge from the Medium-Term Budget Policy Statement delivered by Finance Minister Tito Mboweni today is that the economy is expected to “rebound” in the final quarter of 2020, and return to positive growth next year of 3,3%, following an expected decline of 7,8% this year.

Wednesday, 28 October 2020 10:19

Mini-budget: A tough balancing act

Finance Minister Tito Mboweni faces a tough juggling act this afternoon, when he presents the 2020 Medium Term Budget Policy Statement (MTBPS) in Parliament.

All eyes will be watching to see how the latest GDP figures impact the MPC’s interest rate decision next week, as well as eagerly awaiting the upcoming October Medium-Term Budget Policy Statement (MTBPS).

Government will in the coming months expedite the implementation of at least 50 infrastructure projects with a total investment value of more than R340 billion.

Failure by construction industry players to comply with Covid-19 hygiene regulations and protocols could lead to site shutdowns which the industry can ill afford, says Databuild CEO Morag Evans, given that it was already in a severe slump prior to the outbreak of the pandemic.

The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.

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