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Real Estate Industry major contributor to GDP

Statistics South Africa on Wednesday announced the country's gross domestic product (GDP) growth rate contracted by 1.2% in the first quarter of 2016, a much steeper contraction than had been expected. ... Full story

Fitch maintains South Africa’s credit rating at investment grade

One of the influential financial rating agency Fitch, on Wednesday affirmed South Africa’s investment grade credit rating and maintained its outlook on stable, but warned that political and growth concerns posed a risk. ... Full story

No downgrade for South Africa

Ratings agency Standard and Poor’s (S&P) has kept its assessment of the South Africa’s sovereign credit rating unchanged but with an outlook on negative. ... Full story

Uncertainty looms ahead of Pravin Gordhan's case

Newspaper reports say Finance Minister Pravin Gordhan is facing imminent arrest for his role over the rogue unit formed during his tenure as South African Revenue Service (SARS) commissioner. ... Full story

Downgrade likely but Property Funds taking steps to weather it

While National Treasury and parts of organized business try to avoid a sovereign credit ratings downgrade, South Africa's listed property sector has very much priced it in. ... Full story

2016 SA Budget Speech Highlights

Finance Minister Pravin Gordhan, who was recently re-appointed by President Jacob Zuma, on Wednesday delivered the 2016 Budget Speech in Parliament Cape Town. ... Full story

Tough economy for Property Investors

Economic growth is under severe pressure in South Africa leaving investors with limited options in terms of buying shares. ... Full story

Property Sector looks to Budget 2016 for relief on Transfer Duty

When Finance Minister Pravin Gordhan delivers the 2016 budget speech this week, It is unlikely that national treasury will change the transfer duty on property but estate agents are wary. ... Full story

State of the nation address not positive for Property Investors

Offshore investors are not impressed with any calls to limit foreign ownership of land in South Africa, reports Ortneil Kutama, SA Commercial Prop News Media Director. ... Full story

Reserve Bank raises interest rates, citing inflation concerns

The South African Reserve Bank Governor, Lesetja Kganyago on Thursday announced a 50 basis-point increase in the repo rate to 6.75%, meaning the prime lending rate is now at 10.25%. ... Full story

Rand‬ on the comeback trail after ‪Pravin Gordhan‬ reappointment

The Rand strengthened against major currencies on Monday after President Jacob Zuma decided to remove relatively unknown David van Rooyen from the position as finance minister and to reappoint Pravin Gordhan. ... Full story

Nene's axing sparks outrage from SA's Property Sector

The South African Property Owners Association (Sapoa) has expressed their disappointment at the decision by President Jacob Zuma to remove Finance Minister Nhlanhla Nene. ... Full story

Rand runs out of steam after Nene's removal

The rand stumbled yesterday, after President Jacob Zuma removed Finance Minister Nhlanhla Nene and replaced him with unfamiliar, ANC member of parliament David van Rooyen. ... Full story

Bad news as Interest rate goes up

The South African Reserve Bank’s (SARB) Monetary Policy Committee (MPC) on Thursday increased the repo rate by 25 basis points to 6.25%, in a move Governor Lesetja Kganyago citing concerns over a weak rand and rising inflation. ... Full story

Reserve Bank keeps rates unchanged at 6%

The Reserve Bank has left the repo rate unchanged at 6% on Wednesday, siting the outlook for domestic economic growth deterioration. ... Full story

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