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04 October 2011
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Based on data released by the South African Reserve Bank, growth in credit extended to the
domestic household sector came to 5,2% year-on-year (y/y) in August 2011 (6,6% y/y in July).
On a month-on-month basis the amount of household credit was down by R361 million, or a
marginal 0,03%, to R1 137,8 billion in August.
The abovementioned trends in ... |
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14 September 2011
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Retirement Planning under the spotlight at October Expo
South Africa‟s first-ever expo aimed at enhancing peoples‟ lifestyles after retirement will be held at Johannesburg‟s Coca-Cola dome from 28 to 30 October 2011.
Owned by the Thebe Exhibitions and Projects Group (TEPG) and presented by Century Property Developments, the Re... |
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12 September 2011
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At the height of the property boom in 2006, South Africa's four major banks were approving an average of more than 30 000 new home loans every quarter.
During 2009 this number had dropped to well below 8 000 as banks tightened lending criteria considerably in response to the global financial crisis, as well as factors such as interest rate increases, ... |
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24 August 2011
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Home loan interest rates 'already higher'
Effective home loan interest rates are already rising says Rudi Botha, CEO of mortgage originator Betterbond.
"In recent months we have seen a significant decrease in the rate concessions that banks are willing to give clients, from as much as 1,5% off prime to virtually nothing."
"In other words... |
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19 July 2011
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Alarm over property rates bill
A new bill proposes homeowners should pay commercial property rates on additional houses - and tenants may be burdened with the extra costs.
Estate agents, resident associations, the City of Cape Town and the provincial government have slammed the Property Rates Amendment Bill as shortsighted.
The bill seeks to redefin... |
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09 June 2011
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When dealing with a sales transaction subject to VAT, it is important to obtain insight into the Seller's VAT compliance background - the reason being that SARS is on a war path to put a stop to attempts by taxpayers to avoid paying VAT and/or transfer duty and personal tax. SARS has implemented measures to check a Seller's compliance records to determine wh... |
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08 June 2011
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If youre a homebuyer who has qualified for a home loan, spent weeks visiting show houses, been given a truckload of good buying advice and still cant bring yourself to sign an offer, you may have what agents call buyers block.
And, says Harcourts Africa chief executive Richard Gray, its not something you should ignore.
Frustrating as it may be ... |
