Chairperson’s Welcome
Dear Members, Stakeholders, Practitioners, and industry Affiliates,
Vuyiswa Ramokgopa
Almost a month into the New Year, we brace ourselves for what many predict will be a watershed moment regarding our national elections, but before we start voting, it’s time for SONA and the budget speech. 2023 Was challenging for most, with rising inflation (especially regarding food and petrol)and the highest interest rates in fourteen years. Add to this the severe storms that ravished several provinces, 322 days of load-shedding, and dismal service delivery in many parts of the country.
Repo Rate
The record high repo rate has hurt the residential housing market and the property industry in general. However, the FNB Property Barometer data indicates that house price growth may have reached its trough.
