Building activity in the South African market for new housing showed some divergent trends in the first half of 2016.

Thursday, 21 July 2016 21:13

Repo rate unchanged in July

The Reserve Bank on Thursday kept the repo rate unchanged at 7% - in line with market expectations.

Based on data published by Statistics South Africa, building activity in the South African market for new private sector-financed housing (see explanatory notes) remained under pressure in the first five months of 2016, with much subdued year-on-year growth in activity levels in May this year.

Developing Africa’s first purpose-built aerotropolis, with its nucleus being Dube TradePort, home to King Shaka International Airport, is significantly impacting on north coast property patterns as the ease of access prompts investors to acquire second homes in the region.

The planning phase of residential building activity in the South African market for new housing, as reflected by the number of building plans approved by local government authorities, recorded relatively strong growth in the first five months of 2014 April 2014 compared with the corresponding period last year.

The Consumer Price Index (CPI) rate rose to 5.9% in February, Statistics South Africa (Stats SA) said on Wednesday.

Tuesday, 25 February 2014 16:27

Fourth quarter GDP up by 3.8%

Statistics South Africa (StatsSA) has announced that the seasonally adjusted real Gross Domestic Product (GDP) at market prices for the fourth quarter of 2013 increased at an annualised rate of 3.8 percent.

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