Dear Business Partners, Welcome to our first weekly digest, a curated selection of newsworthy articles you may have missed during the week. If you have any feedback or suggestions, please let us know – we always appreciate your input! BetterHome Group expands into UK market
In a first for a mortgage origination business in South Africa, BetterHome Group has announced that it is expanding internationally through an investment in HLPartnership, the largest privately owned network for mortgage and insurance brokers in the UK. The time is now for private sector suppliers to step up to economic growth – WCPDF
South Africa’s Reserve Bank Governor, Lesetja Kganyago, recently voiced his opinion on whether interest rate cuts really improved economic growth. To quote: “There is only so much that can be achieved with monetary policy. Changing interest rates is certainly easier than improving education, managing urbanisation or ending load-shedding. What really matters for inequality is economic growth, job creation and productivity growth.” Battle of the banks 2024: Capitec vs Standard Bank vs FNB vs Absa vs Nedbank
South Africa’s big banks have weathered some rough seas in the past year, with customers coming under severe strain due to the stagnant economy, the rising cost of living, and high interest rates.
Despite this, the finance powerhouses in the country have put in a resilient performance so far in 2024, which looks set to continue until the end of the year. City of Collusion — the gang suspects and ex-officials accused of crafting Cape Town’s real ‘construction mafia’
The police’s ‘tender collusion’ investigation in the city unearths gang suspicions, intimidation, influence, a web of networks, a takeover attempt and multimillion-rand contracts – the mother lode. Will improved sentiment attract more foreign home buyers to SA? – BLOG
Despite attractive exchange rates, foreign participation has been relatively muted in recent years, largely due to declining sentiment towards South Africa (SA). However, the recent formation of the Government of National Unity (GNU) has led to a surge in optimism. Could this positive sentiment, combined with favourable exchange rates, attract foreign buyers and expatriates back to the domestic market? This report provides an update on the level of foreign participation in the domestic market, using findings from the FNB Estate Agents Survey. Newlands Rugby Stadium ‘deteriorating’ amid stall in sale
Cape Town – As details over the sale of Newlands Rugby Stadium remain sketchy and Western Province Rugby playing its cards close to its chest, residents have called for the historical precinct to be developed before it deteriorates further. SA’S HOUSING CRISIS CALLS FOR OVERHAUL OF LAND REZONING PROCESSES – ENCA VIDEO
“The housing crisis in #SouthAfrica requires a multifaceted approach that involves collaboration across government departments and innovative policy solutions” Rali Mampeule He’s calling for urgent amendment of land-rezoning processes.
Upcoming EventsEstate Living
The theme of this year’s event is ‘Property Development and Management – Your new buyers, Gen Z property owners, are here. Do you know what they want?
WCPDF 12th Annual Conference taking place 4 & 5 June 2025 – register your interest. | 
