MortgageMax Digest I 25 October 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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Why the Deeds Office matters…

Kirsty de Sousa of law firm Cliffe Dekker Hofmeyr Inc highlights the essential intricacies and need-to-knows of secure property registration at the Deeds Office.

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Rand to strengthen by 5% next year, UK group predicts

The outlook is mixed for major African currencies going into the next year, with South Africa’s rand set to outperform and Nigeria’s naira facing more pain before things get better, according to Ebury Partners.

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01

Discovery and TymeBank take market share, but who’s losing?

There is no doubt that Capitec has had a profound impact on the banking sector in the last decade – but in the past five years we have seen massive inroads from TymeBank in the mass market and Discovery Bank, particularly in more affluent segments.

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02

Big changes for banks and interest rates in South Africa

South African banks will soon start using a new interest rate benchmark. The Johannesburg Interbank Average Rate (JIBAR) – one of the most widely used interest rate benchmarks by banks in South Africa – will be replaced by an Alternative Reference Rate (ARR).

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03

Residential property market gets GNU and rate cut love

The boost in confidence and political stability after the establishment of the government of national unity (GNU) earlier this year may be the shot in the arm needed to revitalise the residential property market, which has been experiencing sluggish growth.

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04

What the 2Q24 Quarterly Bulletin tells us about the consumer

On 26 September, the South African Reserve Bank (SARB) released the 2Q24 Quarterly Bulletin, shedding light on the state of the consumer. Here, we unpack key insights, focusing specifically on consumer balance sheets.


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Upcoming Events

GBCSA 17th Green Building Convention

Early registration for the 17th Green Building Convention is open. Register before the 14th of April 2024 to gain access to Africa’s premier green building gathering at early bird rates.

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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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