MortgageMax Digest I 15 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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Airbnb defends impact on CPT housing market

As cities around the world grapple with the impact of short-term tourism letting, Airbnb has defended its impact on housing availability and affordability in Cape Town with a new data report that quantifies its impact on the local market.

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Investors to pump R70.8 billion into KwaZulu-Natal

Sixteen multi-national and local businesses pledged to invest a total of R70.8 billion in their manufacturing plants and new property developments across the province over the next two years at the KwaZulu-Natal Investment Conference in Durban on Monday.

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01

City says R5.2bn upgrade to Potsdam Wastewater Treatment Works is on track

Upgrades to one of the Western Cape’s largest infrastructure projects is well on track with construction on the Potsdam Wastewater Treatment Works (WWTW) in Milnerton expected to be completed by 2027.

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02

National Construction Summit on Crime Free Construction Site

Join the National Summit on Crime-Free Construction Sites on 19 November 2024 in KwaZulu-Natal. This summit will launch a vital, nationwide dialogue on integrated strategies to combat extortion and crime in construction.

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03

Massive 120MW solar project launches in South Africa

Data centre operator Teraco has started constructing its 120MW utility-scale solar PV power plant in the Free State.

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04

FNB home repossession goes horribly wrong

FNB client had to fight off repeated attempts to evict her despite catching up on her arrears and reinstating her bond as far back as 2016.

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05

Unemployment rate falls for first time in a year

South Africa’s unemployment rate fell for the first time in a year, driven by job increases in the community and social services and construction sectors.

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06

Residential property investor interest wanes

Hayley Ivins Downes, managing executive for real estate at Lightstone, shares insights from a recent report on buy-to-let investor activity in the SA market, and expectations into 2025.

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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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