Tenants can expect to dig deeper into their pockets over the next 12 to 18 months with rentals on the rise and a shortage of rental stock developing in many areas. The strongest demand nationally is for two-bedroom units around the R4 500 to R5 500 per month bracket, and insufficient stock is providing further support for rental growth.
Fin24 – Demand pushes up property rentals
South Africa’s trade deficit widened to R19-billion in August, its largest in seven months and far higher than analysts expected, as strikes cut mining output and a weaker rand failed to boost exports. Exports fell by R5.8-billion, or 7.6%, and imports by R13-million, or 0.1%. The cumulative deficit for the year has now risen to R107.3-billion compared with R69.9-billion in the same period last year.
BDlive – Trade deficit shock raises alarm over SA’s exports
The 2013 SA Social Media Landscape report, conducted by World Wide Worx and Fuseware, reveals that Twitter in South Africa grew as much as 129% between August 2012 and 2013. South Africans post 54 million tweets per month, 85% of which are from mobile devices. Facebook’s growth in South Africa during the last 12 months was also the highest yet at 9.4 million users, with 87% of South Africans accessing Facebook from mobiles. This was up from 6.8 million users a year ago.
BusinessTech – SA social media stats revealed
Middle-segment house price growth came to 11.8% year-on-year (y/y) in March 2013‚ after rising by a revised 10.9% y/y in February. Real price growth was recorded at 4.8% y/y in February after adjustment for the effect of consumer price inflation‚ which was 5.9% y/y in the month. The average nominal value of homes in each of the three middle-segment categories was as follows in March 2013: Small homes (80m²-140m²) at R752 600, medium-sized homes (141m²-220m²) at R1 079 500 and large homes (221m²-400m²) at R1 609 600.
Fin24 – House price growth ‘near turning point’
The South African Revenue Service (SARS) collected more than R814-billion in taxes for 2012/13, beating projections forced downwards by a tough economic climate, in what finance minister Pravin Gordhan nonetheless described as a “remarkable achievement”.
SouthAfrica.info – South Africa collects R814bn in revenue
South African industries generated an estimated total turnover of R1.69-trillion in the second quarter of 2013, up 3.7% from R1.63-trillion in the first quarter, Statistics South Africa reported. The largest increase in turnover was recorded for electricity, gas and water supply (up 20.8%), followed by construction (14.7%), real estate and other business services excluding financial intermediation and insurance (5.9%), transport, storage and communication (3.7%), manufacturing (3.3%), trade (2.5%), and community, social and personal services excluding government institutions (1.2%).
BDlive – South African industry turnover increases