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.

Last year’s consumer spend left a lot to be desired. The fluctuating rand, economy as well as the political landscape may have affected the bottom lines of many retailers and shopping centres alike.