Week 5

Week 5


Property Industry:

  • Q1 showed a 11.39% increase in registrations vs Q1 2020
  • Bondable business increased by 12.55% in Q1 of 2021 vs 2020
  • The average house price has increased by 7.99% in Q1 vs Q1 2020
  • Home loans submissions continues to maintain the trend seen in Q3 and Q4 of 2020
  • March 2021 house price value submitted has increased by 3.5%
  • March Lightstone Property indices showed 4.0% house price inflations
  • Average interest rate for March 2021 was 0.42% above prime vs previous year’s 1.06% above prime
  • Bank conversion ratio’s continue to be under pressure as lending requirements become more firm and has dropped by 9.7%

Local & International Markets:

  • The rand remains stronger after closing yesterday. It was at 48/$ (R14.53/$*)
  • EM currencies were mixed earlier this week; the RUB (+1.9%), CZK (+0.6%) and CLP (+0.5%) were amongst the biggest gainers; the HUF (-0.5%), PLN (-0.5%) and PEN (-0.4%) were amongst the biggest losers
  • Asian equity markets are also mixed this week; the Nikkei is down, while the Hang Seng and Shanghai Composite are up
  • Brent crude oil is up by 23.8% year-to-date
  • The gold price was down marginally earlier this week, and down by 8.2% year-to-date
  • Brent crude oil is currently at $64.15/bbl; ($63.67/bbl*)
  • Gold is at $1741/oz ($1742/oz*)

Covid Update:

  • Covid-19 global update: cases have surpassed 138.02 million, while the death toll has surpassed 2.97 million; recoveries are at 111.05 million
  • More than 814 million vaccines have been administered across 152 countries at a rate of 18.3 million doses a day
  • J&J will delay rolling out the vaccine in Europe. J&J has also paused the administration of its vaccine in all clinical trials while it updates guidance for investigators and participants
  • Africa’s Covid-19 cases are at 4.40 million; fatalities are at 116,681
  • SA has the 20th highest caseload, at 1.559 million; 847 new cases were reported on Tuesday
  • Gauteng has the highest number of confirmed cases, at 417,799 (accounting for 26.8% of the total); 10,453 deaths have been reported
  • The Western Cape has 284,404 (accounting for 18.2% of the total) and 11,516 deaths, while KwaZulu-Natal has 335,245 (accounting for 21.5% of the total) and 10,271 deaths
  • The Eastern Cape has 195,707 cases (accounting for 12,6% of the total) and 11,396 deaths
  • 18 million tests have been conducted since 5 March 2020; 26,165 tests were conducted on Tuesday
  • 292,623 healthcare workers have been vaccinated to date
  • SA has also halted the use of the J&J vaccine, pending an investigation. Health Minister Zweli Mkhize expects the investigation to take a few days and does not expect the withdrawal of the shot from the vaccination program
  • Moderna has indicated that its new jab protects against the SA variant

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