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The projected increase in rail capacity, as outlined by the NDP, will have a direct impact on commercial and industrial property demand and development within the new routes, according to High Street Auctions Joint MD, Lance Chalwin-Milton.

Mid-Term Budget Impact on SA Property Investment

The South African 2013 Medium-Term Budget Policy Statement (MTBPS) announcement demonstrates that government is serious about cutting back on excessive internal expenditure. ... Full story

SA Finance Minister Pravin Gordhan announced austerity measures – instructing government departments to tighten their belts by avoiding wasteful expenditure like “golf days” and taking a tough stance on corruption.

Finance Minister Gordhan to present S.Africa's mini budget

Dubbed the mini budget, Finance Minister Pravin Gordhan’s speech – like his previous mini budgets – is expected to grab the attention of the financial markets with fine tunings that will bring about certainty to the government’s economic and fiscal policies. ... Full story

The South African rand has always been one of the most volatile currencies around, but many investors probably feel the last few months have been particularly bad.

The Rand’s ongoing roller-coaster ride

The South African rand has always been one of the most volatile currencies around, but many investors probably feel the last few months have been particularly bad. ... Full story

South African Reserve Bank Governor Gill Marcus said mounting inflationary pressures and lackluster growth led the bank to keep its key interest (Repo) rate at 5%.

Reserve Bank warns of Lingering Volatility

The South African Reserve Bank kept its benchmark interest rate unchanged at 5%, warning that the local currency will remain volatile while investors guess at the Federal Reserve's plans for withdrawing economic stimulus. ... Full story

CPI breached the Reserve Bank's inflation target range of between 3% and 6%. In June, CPI came in at 5.5%.

Consumer Price Index (CPI) breaches target range

The Consumer Price Index (CPI) came in at 6.3% year-on-year in July, Statistics South Africa (Stats SA) said on Wednesday. ... Full story

The Consumer Price Index (CPI) rose to 5.5% in June, Statistics South Africa (Stats SA) announced on Wednesday.

South Africa’s CPI rises to 5.5% in June

The Consumer Price Index (CPI) rose to 5.5% in June, Statistics South Africa (Stats SA) announced on Wednesday. ... Full story

Reserve Bank Governor Gill Marcus predicts South Africa’s Inflation to exceed 6% if rand depreciation persist, though the move would be relatively constrained.

S.Africa’s Inflation may exceed 6% if Rand depreciation persist

South African Reserve Bank Governor, Gill Marcus estimates that the country’s inflation rate could exceed 6 percent if the rand depreciation continues, though the move would be relatively constrained. ... Full story

Producer-price inflation for final manufactured goods slowed to 5.4 percent from 5.7 percent in March, Statistics South Africa said on 30th May.

SA’s Producer Price Inflation slows to 5.4% in April

The cost of goods leaving South African factories rose at a slower pace in April, giving the Reserve Bank more room to keep interest rates at a 30-year low to support a stalling economy. ... Full story

The most recent exchange rate movements, including today’s, are somewhat exaggerated,” Reserve Bank Deputy Governor Daniel Mminele said on Thursday.

Rand weakening exaggerated says Reserve Bank Deputy Governor

The most recent exchange rate movements, including today’s, are somewhat exaggerated,” Reserve Bank Deputy Governor Daniel Mminele said on Thursday. ... Full story

South Africa's seasonally adjusted real GDP at market prices for the first quarter of 2013 increased by 0.9 percent, down from 2.1 percent during the fourth quarter of 2012.

S.African economic growth slows suddenly

The South African economy suddenly slowed down in the first quarter to show growth of 0.9 percent, a five-year low, official data showed on Tuesday. ... Full story

In a research note earlier, Standard Bank economist Shireen Darmalingam said the bank estimated that CPI would rise to 5.8% year-on-year.

April CPI unchanged at 5.9%, said Stats SA

The Consumer Price Index (CPI) in April remained unchanged at 5.9% year-on-year, Statistics South Africa (Stats SA) reported on Wednesday. ... Full story

Sacci reports Trade conditions moderately positive in March

Trade conditions were moderately positive as they moved deeper into positive territory in March, said the South African Chamber of Commerce and Industry (Sacci). ... Full story

The South African Reserve Bank’s head of research and monetary policy committee (MPC) member Rashad Cassim has reiterated the Bank’s view that rising inflation and a volatile rand are among the main challenges for monetary policy authorities.

South African Reserve Banks worried about inflation

The Reserve Bank has painted a dim outlook for the economy, warning that there is a high probability of global growth and financial shocks that may affect South Africa. ... Full story

Reserve Bank Governor Gill Marcus said the committee continued to assess the monetary policy stance to be appropriately accommodative, given the persistence of the negative output gap.

Low interest rates benefits SA Property Market

In light of the current domestic and global outlook, South Africa’s Reserve Bank left its benchmark repo rate unchanged at 5% after the announcement was made at the second Monetary Policy Committee meeting of 2013. ... Full story

Presenting a R1.06 trillion 2013 National Budget, Pravin Gordhan said despite the still troubled world economic outlook, SA continues to experience growth and has weathered the storm with a stable fiscus.

Gordan defends South Africa's economy Stability

Presenting a R1.06 trillion 2013 National Budget on Wednesday., Pravin Gordhan said despite the still troubled world economic outlook, SA continues to experience growth and has weathered the storm with a stable fiscus. ... Full story

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