“The most recent exchange rate movements, including today’s, are somewhat exaggerated… the local currency has been on a depreciating trend partly due to the strengthening of the dollar and the decline in commodity prices.”
Reserve Bank deputy governor Daniel Mminele speaking at the 7th Annual Financial Markets Department Cocktail (SA Commercial Prop-News: Rand weakening exaggerated, says Reserve Bank deputy governor)
Real estate businesses with more than R2.5 million in annual turnover must become BEE compliant by 2025 or risk not being able to renew their FFCs.
The introduction of the PPA brought an acute focus on B-BBEE in the property sector, and two years later, we ask yet again, has the industry really transformed?
Home buying activity levels have slowed in the current high-interest rate environment, but several key indicators point to a residential property market poised for a gradual recovery.
Inspections are a crucial safeguard for everyone involved. They protect both the landlord and tenant while making it easier to avoid arguments and blame-shifting.