Property industry’s reaction to Mboweni’s mini budget speech

Nov 15, 2018 1:41:38 AM Share this:

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.

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Topics: Richard Gray, Budget, economical news, Harcourts Real Estate

Harcourts South Africa 2018 Budget Reaction

Feb 23, 2018 2:03:09 AM Share this:

Overall it was a far more balanced budget speech than initially expected, with a focus on rebuilding, which is in line with the newly elected President Cyril Ramaphosa's messaging. However, Finance Minister Gigaba's announcement that there will be an increase in VAT from 14% to 15%, the first time VAT has been increased since 1993, will undoubtedly have a direct impact on the property market.


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Topics: Richard Gray, Harcourts South Africa, 2018 budget, Cyril Ramaphosa, economical news

Green' homes demand set to increase in 2018

Feb 22, 2018 9:37:49 PM Share this:

There has been a significant appreciation for sustainable living in South Africa over the past few months as a major global city faces serious water challenges. The support by the private sector and residents has shown the dedication we as people have to the sustainability of our communities and families. The dire situation in Cape Town, which now has all hands on deck to avoid 'Day Zero' has showcased the demand for homes that are geared toward environmental preservation.


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Topics: Richard Gray, Harcourts South Africa, Enviromental Concerns, Green Buildings, Solar Power, economical news