29 Jan 2013

Property & Real Estate

 



Beware the angry jobless...

We're all aware of the unemployment problem in this country, but other than thousands and thousands of words, the issue has not seen any great change, but now a warning has been sounded... Evan Pickworth, addressing an economic conference last week pointed out a stark warning on the potential threat we face in the form of rebellion by a jobless youth, desperate and frustrated.

We need to sit up and take notice - and then actually do what is needed to defuse what could be a very explosive situation.

On the mobile front, Mark Schefermann looks at the future of the mobile voice.

So why were they closed in the first place? After years of calls from various quarters to re-open the teacher training colleges, which the government closed soon after taking power, the Minister of Higher Education Blade Nzimande has now announced that teacher training colleges are to re-open. Many might say, about time, but too late... the education system is already a shambles.

Don't you wish you were a consultant to a government department? Well, perhaps you are...if so, you should be happy with your share of the R24.6bn spent on consultants in a three-year period - yes, that's R24,600,000,000. Now the Office of the Auditor General has called for stricter controls on the use of consultants by government. To put this into perspective: if you spent R10,000 a day, every day, to spend this amount of cash would take you 2,460,000 days - or six thousand, seven hundred and fifty eight years and three months. Happy spending!

Onto some good news...Kruger has reopened roads, camps and picnic spots.

Rod Baker: Content Director

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Editorial news

Property & Real Estate

Listed property best performing asset class again
The listed property market in 2013 should be another good year, as this sector can predict its short-term performance with good levels of accuracy, because its performance is underpinned with rental income from contractual agreements. Read more >>


Commercial

Renewable energy and land claims conflict
The introduction of independent power producers in South Africa is essential for the government to be able to "keep the lights on" and avoid the rolling blackouts of a few years ago. Read more >>

The property market - five years after recession
The start of the recession in 2008 took its toll locally and globally on employment. In South Africa alone a total of 1 million jobs were lost as markets plummeted leaving half of the South African youth unemployed and ensuring the tightening up of money spending in all sectors. Read more >>

Simon Bray finds new home as Privateproperty.co.za COO
[Issued by Private Property] Engineering student, marketing major, fashion designer, software entrepreneur and now Privateproperty.co.za COO... Simon Bray's background is anything but conventional. But this eclectic skills mix is well suited to the Privateproperty.co.za business. Read more >>  visit press office >>


Property Management

Arrowhead buys Indite Property Fund
[Nick Hedley] Listed property loan stock company Arrowhead Properties said on Wednesday (23 January) it will buy 100% black-owned and managed Indite Property Fund‚ as part of its growth and black economic empowerment strategies. Read more >>

Go out and meet window browsers
[Bill Rawson] It never ceases to amaze me that estate agents, prepared to pay considerable sums renting high-profile premises, do not capitalise on this by "cultivating" the window shoppers who stop to read the housing advertisements on display. Read more >>


Residential

First-time buyers still buying property
The FNB Estate Agent Survey released on Monday (28 January) showed that first-time buyers accounted for 23% of the residential property market in 2012‚ the same level as in 2011. Read more >>

SA residential prices performing better than most of Western world
[Bill Rawson] Among my friends and business associates there are several who have invested in residential properties overseas in the last year or two - especially in Europe and the UK. There is a certain logic in this as many European homes are still at low price levels (for example: Spain's house prices are down by 24.3%, since the fourth quarter of 2007). Read more >>

Durban's centrally located suburbs remain popular among family home buyers
[Heather Sudding] With some 40% of homeowners in the popular Glenwood area of Durban having resided in the area for over 11 years (statistics provided by Lightstone), this well-established, leafy and conveniently positioned suburb has high appeal for home buyers - including first-time buyers - seeking to acquire a permanent residence. Glenwood offers value for money, not only in terms of spaciousness, but also in terms of the accommodation and living areas. Read more >>

2013: The year to escape the debt trap
[Jan le Roux] The residential property market survived 2012 with a few nicks and bruises, but generally it remained stable with positive signs; like the banks relaxing their loan requirements and the historically low repo rate to help matters along. Read more >>

New portal offers reasonably priced SA homes for sale or rent
A new South African property portal, DailyHomes.co.za, has been launched, offering homes for sale at under R1 million and rentals for under R6000 per month. Initially the site will focus on Gauteng, before achieving a national focus. Read more >>


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