The ground was officially broken on Suzuki Auto South Africa’s new head office and distribution centre to be located at the Longlake Logistics Park in the Gauteng Province. Fortress, a real estate company in South Africa and with operations in Central and Eastern Europe, has said that the sod-turning ceremony held this week marked a major milestone in a partnership built on growth, ambition and a...
South Africa’s large-scale residential rental property market, commonly called “multifamily”, is quickly emerging as a promising segment of the country’s real estate sector. Amelia Dieperink, the head of Commercial Property Finance (CPF), Affordable Housing, Absa CIB, said this was backed by competitive financial returns and reduced volatility, all while addressing a critical housing...
According to the Budget 3.0 delivered by Finance Minister Enoch Godongwana on Wednesday, local government will receive R176.8 billion in 2025/26, maintaining a 9.5% share of nationally raised revenue. Siphamandla Mkhwanazi, a senior economist at FNB, said this is crucial for service delivery and urban management, both of which directly impact property values and investor confidence. “That said,...
Higher fuel levies and reduced revenue projections could translate into increased input costs, tighter margins for developers, and slower project rollouts, particularly in the affordable housing space. Dr Meshel Muzuva, the academic programme leader at the Management College of Southern Africa (MANCOSA) School of Business Excellence, said that the fact that baseline departmental budgets and critical...
As the Finance Minister Enoch Godongwana re-tables the revised National Budget on Wednesday, the major expectation will be around the fiscal aggregates, specifically the budget deficit and debt-to-GDP ratio. Professor Waldo Krugell, an economist from the School of Economic Sciences at the North-West University, said whatever spending cuts the Minister comes up with will still need to protect...
Data from the credit bureau shows that defaults, however small, have increased in property repayments and mortgages in recent years. Benay Sager, Chairperson of the National Debt Counsellors’ Association, told Independent Media Property that while it was still a very small increase, it has risen compared to a few years ago, driven largely by the pressure that homeowners are under. “The movements...
While the volume of property sales decreased overall in the first quarter of this year, house prices still strengthened slightly. This is according to the REMAX National Housing Report Q1 2025 released on Monday which showed that the first quarter of 2025 produced a mixed bag of results. Referring to national deeds office information, in terms of units sold, the South African market was said to be down...
South Africa's property market typically experiences a slowdown during winter. However, the current season suggests a strategic pause in transactions rather than a significant downturn. John Herbst, CEO of Fine & Country Sub-Saharan Africa (SSA), said there’s a growing awareness that the property market is no longer strictly seasonal in the way it once was. “Winter might cool activity, but it...
Property owners must plan for death and taxes if they want their home and other assets to pass smoothly to those surviving them. Renier Kriek, managing director at Sentinel Homes, says structuring one’s estate smartly, or at least having a will in place, will spare those grieving a relative’s passing further hardship, both emotional and financial. He said when planning for death, property owners...
As many people embrace the convenience of home offices, only a few realise that this work-life-balance choice could have significant implications for their insurance policies. Nomie Nxumalo, executive head for people and transformation at Miway, urges South Africans to review their home and car insurance to ensure they remain adequately covered if they opt to work from the comfort of their personal...
Compare listings
Compare