Dear Business Partners,

Welcome to your weekly dose of industry related news and views.

Please feel free to share these articles with your network of clients and developers to keep them informed of the latest happenings in and around the world of property.

As always, let us know if you have any ideas or suggestions.

Happy reading!

Housing finance friction

Sentinel Homes CEO Renier Kriek weighs in on recent comments by Human Settlements Minister Mmamoloko Kubayi on government looking at possibly changing the law to force banks to explain home loan rejections related to people from previously disadvantaged backgrounds. 

Keep reading on Moneyweb: https://bit.ly/4eKCxN9

South Africans should get ‘richer’ over the next five years – Business Opinion

South Africa’s economy is set to exit a period of malaise and see meaningful growth over the next five years.

Keep reading on BusinessTech: https://bit.ly/4gOkyHd

Municipalities aren’t fixing roads, supplying clean water or keeping the lights on

South Africa has a massive infrastructure problem. Roads, electricity supply and water management are just three areas in which there is mounting evidence of collapse and decay. This is true for big cities like Johannesburg as well as small towns and rural areas.

Keep reading on Moneyweb: https://bit.ly/47T5TH2

Transforming Moloto Road from safety hazard to corridor of opportunity

This busy route, often referred to as the “road of death” due to its notoriously high accident rate, serves up to 60,000 passengers traveling to and from Pretoria each day. Recognising the urgent need for intervention, the South African National Roads Agency (SANRAL) embarked on a significant upgrade to transform the road into a safer, more efficient corridor.

Keep reading on Construction World: https://bit.ly/3ZSX8e5

News & Views from Cape Town’s CBD

Read newsletter: https://bit.ly/4eocPhF

Rate cuts ‘will take time to filter through to residential property market

The residential property market is set for a slow recovery after last week’s interest rate cuts that could also spur activity in the Johannesburg market, which has been moribund over the past decade.

Keep reading on Business Day: https://bit.ly/3ZJ0lg7

Stock issues’ emerge as the biggest factor influencing near term sales expectations in the commercial sector

FNB’s Q3 2024 Property Broker Survey has reported a significant increase in optimism on the future of sales activity within the commercial property market with perceptions of a weak economy and political uncertainty having subsided significantly.

Keep reading on Property Wheel: https://bit.ly/4gKKUKn

Western Cape’s population surges, putting pressure on infrastructure and services

More residents are moving from other provinces to the Western Cape in search of opportunities.

Keep reading on News24: https://bit.ly/4gNY5u0