The repo rate, which directly impacts interest rates, affects many aspects of an economy, such as the exchange rate and money supply. As such, it can be used to manipulate spending to reach certain economic goals. For example, when spending and hence economic activity is low, the Reserve Bank may lower the interest rate to […]
Although holidaymakers tend to leave bookings a bit late, there is no shortage of eagerness to get away for a holiday. Many are looking to book a secure spot that allows them to get out of the house to a convenient coastal spot that does not leave them at risk if there is another pandemic […]
The announcement to hold the repo rate steady at 3.5% marks a full year that South Africans have been able to make the most of a historic low-lending environment, says Carl Coetzee, CEO of BetterBond. “With the prime lending rate currently at 7%, the lowest it has been in 55 years, the property market is […]
A new report measuring the private wealth of South Africans, and the continent as a whole, has underscored Durban’s North Coast and the Cape’s Winelands as a prime location for High Net Worth Individuals (HNWIs). While Johannesburg and Cape Town are brimming with South Africa’s super rich, the latest Africa Wealth Report compiled by wealth intelligence firm New World Wealth and AfrAsia Bank shows the number of […]
The Central City “held its own quite remarkably” in the year under review, says CCID Board chairperson Rob Kane. The SCCR report shows that, according to the City of Cape Town’s 2018/2019 property evaluation, the value of Central City property stands at R44.124 billion, and that the total value of property investments in the Central […]
The group reported that sales across all restaurants in SA grew 6.4% in its year to end-February, despite the effects of load-shedding Famous Brands, the owner of Steers, Wimpy and Debonairs Pizza, said on Thursday sales growth for its year to end-February met expectations even as it battled with load-shedding and SA’s deteriorating economy. System-wide […]
Summer’s here and there is no better place to spend the holidays than on the Cape coast. If you are in the market for a holiday or retirement home this summer, then you are in for a treat, according to Seeff’s agents. This Clifton Bungalow on Fourth Beach is situated in one of Cape Town’s most exclusive residential enclaves […]
Most sellers want the best possible sales price for their home and often invest money and time in renovations, expecting these to increase the value of their property. “Sellers aren’t wrong thinking that renovations can increase the sales price of a home, but it really depends on what the renovations are,” says Bruce Swain, MD […]
What happens if you find your ideal home, but the current owner has leased the property? “Generally buying a tenanted property isn’t a problem – if the buyer bears in mind that old adage of ‘huur gaat voor koop,’ says Bruce Swain, MD of Leapfrog Property Group, “Essentially common law dictates that a tenant’s lease […]
Praven Subbramoney, CEO of Private Bank Lending at FNB says the ability to build wealth through multiple properties should not be determined by how deep your pockets are, but rather identifying niches in the market and maximising assets and expertise that you already have at your disposal. “Wealth creation is a process and cannot be […]