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Bad loans rise, but banks upbeat
Friday, October 20, 2006 (129 reads)
The Ernst & Young banking confidence index for the third quarter showed deterioration in bad loans within the banking sector, but institutions remained upbeat. The index measures the banking industries perception of prevailing business conditions and has shown a sharp upward movement in bad loans.
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Cement holds 2010 building hostage
Friday, October 20, 2006 (143 reads)
South Africa’s massive infrastructure development plans, which include the Gautrain rapid rail link and the refurbishment of stadiums for the soccer World Cup in 2010, will be held hostage by cement imports as local manufacturers struggle to keep up with demand.
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Building costs rocket by 19%
Friday, October 20, 2006 (135 reads)
Building costs in South Africa are rocketing according to a new report released by Industry Insight, a construction industry market intelligence firm. Average building costs have increased by 19.1% year on year during the third quarter of this year compared with an annual increase of 11.4% in the second quarter and 5.2% in the first quarter.
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Property guides before tribunal on cartel rates
Friday, October 20, 2006 (128 reads)
Johannesburg - The competition tribunal is scheduled to hear allegations of anti-competitive behaviour that have been brought by Charter Properties against the Saturday Star Property Guide and the East Cape Property Guide tomorrow
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Trafalgar report shows billions spent on rehabilitating CBDs
Friday, October 20, 2006 (122 reads)
The Trafalgar Inner City report has revealed that the government’s inner city regeneration incentives had resulted in billions of rands being invested by the private sector into rehabilitating derelict buildings and providing low cost housing. More than 50 central business district buildings have been renovated since 2000 which translates into an R11 billion investment in the city center, this was measured in terms of the capital value of current leases, new developments, investment purchases, upgrades and renewals.
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SA’s inner cities scoop billions of rands
Monday, October 16, 2006 (134 reads)
South Africa’s inner cities have benefited significantly from government initiatives for regeneration with the private sector investing billions of rands into rehabilitating derelict buildings and providing low-cost housing
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Property prospects still buoyant
Monday, October 16, 2006 (146 reads)
The industry should absorb negative effects of interest-rate hikes, reports David Jackson THE South African property market remains in a relatively buoyant and upbeat phase, despite underlying concerns about rising inflation and a new round of interest-rate hikes.
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RATES HIKE YESTERDAY
Friday, October 13, 2006 (140 reads)
Rates were increased by 0.5% yesterday.
Food price inflation is on an upward trend since late 2005, consumer spending and the rand exchange rate is significantly weaker against the major international currencies compared with a month ago.
These inflation-related developments were no doubt thoroughly debated by the MPC, while also taking into account factors such as the widening current account deficit and continued strong growth in domestic credit extension, especially with regard to mortgage advances.
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