Finance Minister Tito Mboweni made his debut National Budget speech in Parliament yesterday. Here’s what the property experts have to say about what this means for real estate, South Africa and you.
Adrian Goslett - Regional Director and CEO of RE/MAX of Southern Africa
"There were enough positive outcomes within the speech to instil a hopeful confidence in the years ahead. As Minister Tito Mboweni himself stated, this is a budget for the future – one in which
Topics: Economy, Budget, Estate Agent, Harcourts Real Estate, Municipal Rates
Finance Minister Tito Mboweni’s maiden Medium Term Budget Policy Statement (MTBPS) highlighted the difficult economic and global environment South Africa is currently facing.
Economic growth predictions for this year have been halved from 1,5% to 0,7%, tax collections are down, unemployment is dire and government debt is now expected to rise to 55,8% of GDP by the end of this year.
Topics: Richard Gray, Budget, economical news, Harcourts Real Estate