Consumers will breathe a sigh of relief after the South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) decided to keep the repo rate unchanged at 6.5%.
Growthpoint Properties today announced distribution growth of 6.5% per share for its full year to 30 June 2018 for investors, delivering a solid set of results that match its market guidance.
Rising municipal rates and taxes is a hot-button issue - one that negatively affects, not only operating costs and gross rentals, but also makes demand on property management resources.
Africa’s burgeoning big cities will play an increasingly central role in the continent’s growth and development, driven largely by Africa’s rapid urbanisation.
Irish playwright, critic and political activist George Bernard Shaw once said: “Progress is impossible without change, and those who cannot change their minds cannot change anything”.
Today’s (28 March 2018) announcement of an interest rate cut of 25bps, coupled with Moody’s decision to not only leave South Africa’s credit rating unchanged at one notch above junk status, but to also upgrade the outlook from negative to stable, are positive factors which should provide welcome stimulus for the residential property market, says Dr Andrew Golding, CEO of the Pam Golding Property group.
In its commitment to actively advance the commercial property interests within the property industry, the South African Property Owners Association (SAPOA)commissioned the services of Urban-Econ Development Economists to embark on an analysis of the commercial private property industry in the Mpumalanga province, with specific reference to the City of Mbombela Local Municipality.
Attacq Limited, (“Attacq”), the JSE listed property company, developing Waterfall City and Waterfall Logistics Hub, today announced interim results for the six months ended 31 December 2017.
In his 2018 Budget Speech, Finance Minister Malusi Gigaba has found a balance between raising taxes on the wealthy, broadening the tax base and providing a safety net for the poor.

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