Word on the Street – November

Word on the Street – November

David_Cameron_official copy“As prime minister I am not going to stand by while people’s aspirations to get on the housing ladder are being trashed… If we don’t do this it will only be people with rich parents to help them who can get on the housing ladder – that is not fair, it is not right.”

David Cameron, British Prime Minister (BBC News: David Cameron brings forward Help to Buy scheme)

“It’s becoming evident to us that, when it comes to the potential for economic returns that can be unlocked for any business through a green building commitment, we’re really just scratching the surface in South Africa. But even so, it is widely accepted that a property built or retrofitted using truly green design principles has the potential to deliver reduced operating costs of about 30% per year.”

Ken Reynolds, Gauteng regional executive for Nedbank Corporate Property Finance (BDlive: ‘Green buildings can deliver unexpected savings’)

“Highly risk-averse investors should be cautious of listed property. Prices can be volatile and the sector is expensive on a short-term view.”

Even Robins, Old Mutual’s listed property head (Financial Mail: Caution sets in property listings)                                                                                           

“There is a fair section of South African society that will forever be outside of the formal employment system, simply because they do not have sufficient capabilities to participate in the economy,”

Standard Bank economist Goolam Ballim (Sowetan: ‘Some South Africans will stay marginalised’)

Word on the street - John Loos

“The South African household sector cannot always blame global events for its own inadequacies. We proved about a decade ago that if our own ‘fundamentals’ are in place, we can sail through these periodic shocks relatively unscathed, but if they aren’t we will pay the price.”

John Loos, FNB household and property sector strategist (FNB Blog: Household and consumer weekly – 30 August 2013)






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