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Has the cycle turned for SA banking?
Friday, December 29, 2006 (261 reads)
BANKS face a challenging year ahead, as rising interest rates, a competition probe into fees and new lending regulations create diversions on what has been a smooth path for the past few years.
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New Year Property Market Outlook
Thursday, December 28, 2006 (265 reads)
With the New Year upon us, Chairperson of Seeff Property Services Samuel Seeff gives his opinion on the property market outlook for 2007, as well as some advice:
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Festive splurge propels retailers to JSE peaks
Wednesday, December 27, 2006 (261 reads)
SHARES in JSE-listed retailers are flirting with historic highs, amid confident predictions of huge profits this financial year as South Africans spend record amounts on Christmas purchases and holidays.
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Standard does tango with BankBoston
Wednesday, December 27, 2006 (252 reads)
STANDARD Bank has cleared the final regulatory hurdle to its acquisition of the Argentinian operations of BankBoston, with Argentina’s central bank approving the purchase on Thursday
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Road cleared for affordable home delivery
Friday, December 22, 2006 (257 reads)
Pretoria - In a bold initiative to unlock the bottleneck in the delivery of affordable housing, the government and the SA Property Owners' Association (Sapoa) have agreed on a formula for low-cost housing quotas in residential developments.
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Western Cape opens Nedbank account
Thursday, December 21, 2006 (263 reads)
The Western Cape Government has awarded a tender for commercial banking services to the Corporate Banking division of Nedbank Corporate.
Nedbank's (NED) five-year-appointment is effective 1 April 2007.
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Good news as inflation holds steady
Thursday, December 21, 2006 (264 reads)
Johannesburg - South Africa's consumer price index excluding mortgage rate changes (CPIX) for metro and other areas, which is used by the South African Reserve Bank (Sarb) for its inflation target, is up 5.0 percent year-on-year (y/y) in November after a 5.0 percent y/y increase in October, Statistics South Africa (Stats SA) says
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Residential market still a strong bet
Wednesday, December 20, 2006 (207 reads)
REAL estate agents are expecting the residential property market to deliver a solid performance next year. Although the heady days of late 2004 — when property price growth peaked at more than 35% year on year — will not be repeated, estate agents are upbeat about property prospects.
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Festive Season Ideal For Show Day
Wednesday, December 20, 2006 (260 reads)
The end of the year is traditionally regarded as an "off season" for inland property sales but this may need to be re-assessed.
In fact buyers' moods tend to be more positive at this time of year; especially if they have been paid a bonus and are enjoying a holiday says Gerhard Kotzé, CEO of the ERA South Africa property group.
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Crime Threatens Property Values
Wednesday, December 20, 2006 (252 reads)
It may be the holiday season, but there's nothing remotely festive about being mugged, hijacked or kidnapped - and rising numbers of such crimes in recent days also bode ill for the property market.
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