MortgageMax Digest I 21 February 2025

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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SIU and Transnet settle over R31.4 million in unlawful contracts

The Special Investigating Unit (SIU) and Transnet have signed multiple settlement agreements totalling over R31.4 million following a Special Tribunal order that set aside several unlawful contracts. This was revealed in a joint statement released by the SIU and Transnet on Tuesday.

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Nedbank expects modest improvement in labour market outlook as unemployment rate decreases

Financial service provider Nedbank says it expects the labour market outlook to improve modestly going forward as structural constraints ease and cyclical forces become more favourable.

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Official unemployment rate dips for 2nd consecutive quarter (slightly)

The latest Stats SA figures show that the official unemployment rate was 31,9% in the fourth quarter of 2024.

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01

BUSINESS INSIGHTS: Is Johannesburg’s property market (really) rebounding?

Driven by long-anticipated growth, Gauteng—the country’s largest housing market—has been making headlines in recent months, and there’s good reason for it.

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02

Important announcement for households with rooftop solar in South Africa

Nersa has approved rules for so-called “net billing”, which will see South Africa compensate renewable energy users, including households with rooftop solar.

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03

KZN Department of Human Settlements receives R100 million for housing project

The KwaZulu-Natal Department of Human Settlements has received an additional R100 million from their national counterparts, owing to the department’s good performance.

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04

Unlawful electricity disconnection earns punitive cost order for CoJ and City Power

A punitive cost order has been issued against the City of Johannesburg (CoJ) and City Power in a Johannesburg High Court billing dispute judgment.

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Upcoming Events

Western Cape Property Developer Forum 12th Annual Conference

The 2025 Conference will be held at the CTICC in Cape Town, on Wednesday 4 and Thursday 5 June.

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The Reside Conference Sandton

The 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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