MortgageMax Digest I 27 September 2024

Big banks are split on how fast Fed will cut interest rates

What economists at some of the biggest banks are saying.

Wall Street’s biggest banks are divided over how fast and deep the Federal Reserve will cut interest rates over the next year, setting the stage for jittery financial markets until the outlook clears.

Public works department wants to reclaim hijacked buildings in Cape Town

The public works and infrastructure department is determined to claw back state-owned buildings illegally occupied in Cape Town.

SARB rate cut likely to spur agriculture expansion prospects, say economists

This week’s interest rate cut by the SA Reserve Bank’s Monetary Policy Committee will bring some relief to farmers’ borrowing costs, improve profitability and offer farmers an incentive to invest in their enterprises, the Land and Agricultural Development Bank of South Africa said.

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Talented Wits students to benefit from land development

Proceeds from the initial R200 million sale of the Frankenwald Estate to be put into an endowment to benefit future generations

Factory forced to relocate from Free State to Gauteng because of electricity outages

Businesses across Harrismith in the Free State have been battling to stay afloat as the Maluti-a-Phofung local municipality has had crippling electricity outages in recent weeks.

As a result of this, one factory in Tshiame, which employs more than 70 workers, has had to make the difficult decision to relocate to a neighbouring province to save the business due to the unreliable power supply.

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