Message from the MD - Aug 2017
Category Newsletter: Message from MD
Dear Friends, Property Investors and Enthusiasts,
All South Africans were pleasantly surprised when the Reserve Banks’ Monetary Policy Committee lowered the repo rate by 25 basis points during last months’ meeting, with the home loan base rate now set at 10,25%. It is hard to tell if this signals the start of a rate lowering cycle; I am however of the opinion that this was done to offer a slight reprieve to the over-indebted South African consumer, but that much more must still be done.
During the past month I have also secured a number of development sites across Johannesburg. Although under strain, the market still responds positively to any reasonably priced developments released in popular areas. More information on these exciting developments will be available in my future newsletters.
Author: Nico Louw
