About 70% of working South Africans have medical cover of some sort, this is according to infoQuest, a South African online research company. This information is contained in infoQuest’s latest research on the healthcare system in South Africa. The data showed that the incidence of having medical cover is significantly higher amongst males than females. The report revealed that access to quality...
Finance – Wealth – Invest
Investing for an income is what you do, for example, when buying a life annuity with your retirement savings. You aren’t investing for some long-term accumulation goal; you are putting your money in an investment that will hopefully give you a sustainable return from which you can withdraw at regular intervals for your day-to-day living expenses. Your income from this investment needs to increase each...
Investing in a coastal estate is beneficial for everyone from first-time buyers to families and retirees, but the big debate is often between buying a home or buying land and building oneself. While buying a completed home is a better investment choice for some, there are some significant benefits to buying vacant land. “For long-term investors who are looking to create a home unique to their specific...
South Africans can now use their cryptocurrency to purchase real estate in a process that is both secure and fully compliant.This is a first in the South African property industry and was created by a group of savvy industry insiders from Broll Auctions and Sales, Schindlers Attorneys, and Schindlers Digital Assets.The new scheme will allow cryptocurrency holders to convert digital assets into property...
South African private residential property investors, people who own and have purchased (not inherited) three or more properties for R100,000 or more in today’s monetary term, are losing their appetite for their growing portfolios, according to Lightstone. Lightstone is a provider of comprehensive data, analytics and systems on property, automotive and business assets. In a statement, Lightstone said...
Balwin Properties’ headline earnings fell 57% to 16.26 cents a share for the six months to August 31 after activity in the residential property sector remained under significant pressure, mainly due to the prolonged high interest rate environment. The developer of large, middle-to-upper income sectional title estate's revenue decreased 28% to R852.7 million, while profit for the period fell by 57% to...
Landsdowne Property Group, one of South Africa’s residential real estate managers and estate agency companies says having a good credit record is a powerful tool for tenants, and it empowers them to negotiate more favourable lease terms. In a competitive rental market, a strong credit history helps tenants secure quality properties while also paving the way for future financial opportunities, such...
For many home buyers, their priority is the property’s function as a home and not much attention is paid to the investment aspect beyond the fact that real estate is generally a solid long-term investment, however, understanding its equity can make a big difference in managing finances, making home improvements and building wealth over time. This is according to Cobus Odendaal, CEO of Lew Geffen...
The third quarter of 2024, to the end of September, produced bumper returns for South African investors, with the JSE having its strongest third quarter in 11 years and local bonds also performing strongly. Returns from global equities and bonds, however, were muted. The quarter also saw the rand strengthen against the US dollar, inflation continue its downward trend and, to the relief of consumers...
South Africa’s economy appears to be on a more confident trajectory than it was before the national elections in May, with the successful formation of the Government of National Unity (GNU) combining with lower inflation and an improved power supply to boost consumer confidence. All eyes will be on Finance Minister Enoch Godongwana as he delivers his Medium-Term Budget Policy Statement (MTBPS) on...
