The further reduction of the repo rate by 25 basis points to an all-time low of 3.5% takes the prime interest rate down to 7%...
Dr Andrew Golding 24 Jul 2020
Against the backdrop of ongoing measures to address the Covid-19 pandemic in South Africa, the Supplementary Budget 2020 highlighted several key aspects...
Dr Andrew Golding 25 Jun 2020
Indicating the severity of the current economic contraction experienced as a result of the Covid-19 lockdown, finance minister Tito Mboweni is expected to deliver an Emergency Budget on 24 June...
Dr Andrew Golding 19 Jun 2020
The announcement of a further reduction of 50 bps in the repo rate will have a positive effect on the residential property market, albeit deferred until potential buyers can begin transacting in earnest...
Dr Andrew Golding 22 May 2020
In an unexpected but welcome announcement, the Monetary Policy Committee this week announced a further 100bps cut in the repo rate, reducing it to just 4.25%...
Dr Andrew Golding 14 Apr 2020
While anticipated, South Africa's downgrade to junk status by Moody's rating agency will be a further blow to the already weakened economy...
Dr Andrew Golding 31 Mar 2020
From a residential property market perspective, historically, recent international experience reveals that global economic shocks of this nature inevitably cause property transactions to taper off...
Dr Andrew Golding 25 Mar 2020
Apart from the tax reprieve announced by finance minister Tito Mboweni in the National Budget, good news for the property market is the adjustment of the threshold for transfer duty...
Dr Andrew Golding 27 Feb 2020
With limited, modest growth anticipated for the year ahead, it is encouraging that the Monetary Policy Committee saw fit to reduce the repo rate by 25bps in order to help kickstart the economy and foster increased confidence among consumers who are feeling the pressure of ever-rising costs...
Dr Andrew Golding 17 Jan 2020
Following another year of tepid economic growth, and with the latest round of load shedding further dampening the economy and expected to result in a Moody's downgrade early next year, where does that leave South Africa's residential property market?
Dr Andrew Golding 12 Dec 2019
Against the backdrop of a persistently sluggish economy, subdued market confidence and lower-than-expected inflation, but with an eye on future inflationary impacts, global economic headwinds and the prospect of a Moody's downgrade, the Monetary Policy Committee's decision to hold the repo rate steady was anticipated...
Dr Andrew Golding 22 Nov 2019
Yesterday's repo rate reduction of 25bps (to 6.5%), coupled with early indicators of recovery in the South African residential property market, augur well for the balance of the year...
Dr Andrew Golding 19 Jul 2019
As anticipated, the MPC kept the repo rate steady, taking a conservative approach against the backdrop of rising fuel prices, and with a wary eye on CPI inflation...
Dr Andrew Golding 24 May 2019
With inflation currently below the mid-point of the Reserve Bank's inflation target and economic growth remaining sluggish, the Monetary Policy Committee kept the repo rate steady at 6.75%, as expected...
Dr Andrew Golding 29 Mar 2019
In what was arguably one of the most closely watched National Budget speeches in recent years, Finance Minister Tito Mboweni outlined government's plan to boost growth...
Dr Andrew Golding 21 Feb 2019
With the National Budget Speech looming on 20 February 2019, the general consensus appears to be that Finance Minister Tito Mboweni is on a tightrope of sorts...
Dr Andrew Golding 12 Feb 2019
After an unexpectedly tough 2018, but with the welcome announcement that the repo rate remains unchanged following this first MPC meeting of the year, the outlook for 2019 is somewhat brighter...
Dr Andrew Golding 18 Jan 2019
These 10 new or increasing trends are expected to impact on the market in 2019...
Dr Andrew Golding 7 Jan 2019
News that South Africa's GDP increased by 2.2% in Q3, with fuel prices considerably reduced and the end of the technical recession, has ended the year (2018) on a more positive note...
Dr Andrew Golding 12 Dec 2018
While many market commentators would probably have liked to be a fly on the wall during the Monetary Policy Committee's earnest deliberations this week, the final outcome is what matters...
Dr Andrew Golding 23 Nov 2018
