Repo cut rate does little to save economic concerns

Jan 17, 2020 9:50:54 PM Share this:

The South African Reserve Bank's monetary policy committee announced yesterday that it has voted to reduce the repo rate from 6.5% to 6.25%. Therefore the prime rate will fall to 9.75%. Although this will certainly alleviate some pressures for those in debt we are a long way from saving a vulnerable economy.


Read more

Topics: Richard Gray, Harcourts South Africa, Economy, repo rate, Market Value

Budget 2019: What it means for the property industry

Mar 5, 2019 5:54:49 PM Share this:

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


Read more

Topics: Economy, Budget, Estate Agent, Harcourts Real Estate, Municipal Rates

Economic stability facilitates growth

Feb 12, 2018 9:10:03 PM Share this:

The political climate in South Africa has been under the microscope in recent times as Deputy President Cyril Ramaphosa took over the reigns as leader of the ruling party. The Rand immediately gained traction in the days following his appointment and has remained positive since.


Read more

Topics: Harcourts South Africa, Economy