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 […]
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 […]
There’s no doubt that COVID-19 has harmed many tenants financially due to a loss of income. And while most employees have already returned to work after the initial lockdown period, the after-effects will be felt for much longer. Experts predict a very significant deterioration in residential rental tenant payment performance for 2020. According to data […]
The current financial crisis in which we find ourselves presents a unique opportunity for Millennials and first-time buyers who might now be able to find their dream home at an affordable price. As an additional incentive, at just 7.75%, the prime lending rate is at the lowest level since 1973. This makes it easier for first-time buyers […]
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 […]
It has not been an easy year for most South Africans and we were blessed with “interesting times” which resulted in a great deal of change, speculation and uncertainty. Our economic climate extends to, and influences, the property market but it’s definitely not all just negative news. There are some segments that have managed to […]