Business

The cheapest cities to live and work in South Africa

Online job aggregator Adzuna has published on a new analysis which ranks South Africa’s cities on earnings, job opportunities per person, average house prices and rental figures. Johannesburg was crowned as the best place to live in South Africa based on the availability of job opportunities, average salary and house price affordability. Since the average renter only spends about 19% on rent...

Covid-19’S Impact On The Commercial Property Finance Industry And Property Markets

Covid-19’S Impact On The Commercial Property Finance Industry And Property Markets The COVID-19 outbreak has had a systemic impact on the global economy, affecting many asset classes adversely across many geographies. The International Monetary Fund (IMF) recently published projections  which indicated that global growth will decelerate by -3.0% in 2020 in line with a base-line scenario that assumes...

Guide to Contracts and Force Majeure During a Pandemic

Understand the force majeure clause and how it applies to contracts you can’t fulfill due to the COVID-19 crisis If the coronavirus pandemic has affected your ability to complete your work, you may be wondering about your legal obligations to your clients. In this article, we’ll cover force majeure — a common contract provision that can potentially excuse parties from performing the obligations of...

Interest Rate Cut – What does it mean?

WHAT THE INTEREST RATE CUT MEANS FOR THE SA PROPERTY MARKET The MPC announced on Thursday a lowering of the repo rate by 25 basis points. The repo rate drops to 6.25% and the prime lending rate changes to 9.75%. The repo rate is the benchmark interest rate at which the Reserve Bank lends money to other banks. Before Thursday, the last time the bank changed the rate was in July 2019, when it was cut...

Single house red roof

News – Cheaper Properties Sell faster

‘Cheaper’ homes in South Africa are hot right now – in some cases even selling for above the asking price Properties priced between R250,000 and R500,000 are experiencing a strong third quarter, a new report by FNB showed.  Due to increased demand, 5% of properties in that bracket is sold above asking price.  FNB said there is a lack of supply in that bracket which leads to strong house...

10 Bathroom styles

Bathroom renovation styles

Bathroom renovation styles Whether you’re tackling a bathroom remodel with the help of a bathroom designer, architect or contractor, knowing which style resonates with you can be a big help. Read on for the need-to-know details about 10 popular bathroom styles, including colour palettes and key features of each look. Transitional Transitional bathrooms gracefully walk the line between traditional...

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