MortgageMax Digest I 08 November 2024

Dear Business Partners,

Welcome to your weekly roundup of newsworthy articles. Please share with your clients and developers so that they’re kept up to date with what’s happening in the market.

Your suggestions and comments are always welcome – we’d love to hear from you.

Enjoy!

The MortgageMax Team
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ATF Greylisting: South Africa’s Positive Progress as at October 2024

The Financial Action Task Force (FATF) Plenary today announced nine upgrades for South Africa from its 22-item Action Plan, including eight to “largely addressed” and one to “partly addressed”. South Africa is now deemed to largely or fully address 16 of the 22 action items in its Action Plan.

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South Africa property market set for take-off?

The South African property market has always been at the mercy of various global economic factors, with oil prices being one of the most influential. John Loos, an economist and property strategist at FNB, recently discussed the correlation between oil prices and the South African property market in an interview with CNBC Africa.

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01

R770 million shopping mall opens in South Africa with new life

Redefine Properties has officially opened the newly expanded Pan Africa Mall in Alexandra, which added 9,000 square metres of additional space and a feature facelift.

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02

Construction mafia accused of delaying building of Joburg school

Formal and informal employment in South Africa have recovered since the COVID-19 pandemic. However, employment growth has not kept up with growth in the labour force.


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03

What R750 vs R300,000 per month gets you when renting in Joburg

South Africa’s economic hub, Johannesburg, lures those across the economic spectrum – and the city’s rental property caters to everyone.

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04

Multimillion-rand houses spread in illegal Tshwane development

Hundreds of elite houses have spread in an illegal development at the doorstep of Pretoria with no effort from the City of Tshwane to stop it.

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05

Employment since the pandemic in SA

Formal and informal employment in South Africa have recovered since the COVID-19 pandemic. However, employment growth has not kept up.


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06

Levies the pitfall of living behind gated walls

Many people are drawn to the benefits of estate living which promises enhanced security, well-maintained amenities and an exclusive lifestyle.

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Upcoming Events

Western Cape Property Developer Forum 12th Annual Conference

The 12th edition of the Western Cape Property Development Forum’s (WCPDF) annual conference will take place on Wednesday and Thursday, 4 and 5 June 2025 at the Cape Town International Convention Centre. Register your interest to be the first to know when more information becomes available.

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The Reside Conference Sandton

3rd Annual Residential Investment & Development Summit is SA’s opportunity to bring together the entire residential value chain to share knowledge, collaborate and do business.

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