Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, welcomed the government backtracking in this budget speech on its earlier decision to increase personal income tax, as well as providing a further R2.2 billion in tax relief through raising personal income tax brackets and rebates by 5%.
Relief at no increase in personal tax, says Dr Andrew Golding, chief executive of the Pam Golding Property group
Finance Minister Tito Mboweni’s budget has been received very positively, as demonstrated by the reaction from markets.
Thavhani City mixed-use urban precinct in Thohoyandou, designed to be the future economic hub of North Eastern Limpopo, is poised for exciting growth in 2021.
Such is the consistent high demand for centrally located, well-priced residential property of calibre in the sought-after suburb of La Lucia just north of Durban, that a brand new nine-storey, 63-unit residential development.
The South African Institute of Valuers (SAIV) has welcomed the State of the Nation Address (SONA) by President Cyril Ramaphosa on Thursday, 11 February.
Everybody knows that the construction industry has been reeling for a number of years, a casualty of an economy that seems to be going backwards and the lack of spending on infrastructure.
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.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.