Word on the Street – March

Word on the Street – March

South Africa's Finance Minister Pravin Gordhan looks on during the Reuters Africa Investment Summit held in Johannebsurg

 

“Our own approach should be to have a high level of self-belief in what we have done to manage our own fiscal policies and concentrate on implementing the programmes we have to get higher levels of growth and employment in South Africa, and we will survive this crisis as we have survived others.”

 

Pravin Gordhan, Finance Minister (SABC News: ‘SA will weather current economic crisis: Gordhan’)

 

 

“Looking beyond the commercial sector to residential property, the rate increase could have more of an impact on consumers still trading out of over-indebted positions, and could thus take some of the steam out of the encouraging momentum that was becoming evident in residential market activity and prices in the latter half of 2013.”

Robin Lockhart-Ross, Head of Risk at Nedbank Corporate Property Finance (SACommercialprop-News: ‘Interest Rate Increase may deter Commercial Property Sector upturn’)

 

“Consumers will have to be very careful of how they apply their money. Although consumers will receive their salary increases in the beginning of the year but it will not last the whole year and prices will keep on increasing throughout the year.”

 

Richard Downing, SA Chamber of Commerce and Industry Economist (SABC News: AA warns of petrol price hike)

 

“Local authorities with competitive rates, lower utility costs and incentives for property developers and owners will fair substantially better in attracting private sector investment.”

 

Neil Gopal, SAPOA CEO (SACommercialprop-News: ‘SAPOA warns of Office Market under strain’)

 

 

 

 

 

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