Although the recent decision by the Reserve Bank to raise interest rates by 50 basis points will undoubtedly put something of a damper on the property market recovery, Shaun Rademeyer, CEO of BetterBondHome Loans is predicting that, as always, we will survive. Read the full story on Rate hike a comma, not a full stop.
While the latest interest rate increase may well take some gloss off the process, the South African residential property market will nevertheless continue to settle into a “new normal” mode. Continue reading this article on SA homes market now in "new normal" mode.
Will the latest repo rate increase be followed by others?Read the article below to find out what Bill Rawson, Chairman of the Rawson Property Group is saying about this possibility.
On the other News, it has been reported that there is Water crisis in SA. Investigation spanning all nine provinces has revealed the extent of South Africa’s water emergency and the growing pressure on government to deal with it. See the full story below.
Last but not least, read about a town that was once called 12-Myl-Pos, meaning 12 Mile Post, since it is located 20 km from Cape Town city centre, and because it was originally founded as a railway station on the line from Cape Town to Stellenbosch and Strand. Learn more about Bellville on the Focus On section of this week's Newsletter.
Taken from Tivvit News
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