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As South Africa moves into the second quarter of 2025, the property market continues to balance stability, opportunity, and new challenges. Buyers, sellers, and investors are navigating interest rate decisions, adjustments in transfer duties, the proposed VAT increase, and shifting trends in buyer behaviour, rental demand, and property pricing. We spoke to Tony Clarke, MD …
With the Budget Speech postponed to early March, uncertainty lingers around fiscal policy, but industry experts remain optimistic about the market’s potential in 2025. David Jacobs, Gauteng Regional Manager for the Rawson Property Group, sees major opportunities in the government’s talked-about plan to convert hijacked government buildings into affordable housing. “This is a big win …
Located in the heart of Beaufort West, the Royal Lodge presents a unique commercial investment opportunity in one of the busiest towns along the N1. This 32-room hotel, with its rich history and traditional charm, is situated on a spacious 6,552m² property, offering significant potential for a variety of business ventures. Whether operating as a …
Toni Anderson, Head of Home Services at Standard Bank: The latest interest rate cut could mark a turning point for South Africa’s residential property market. The South African Reserve Bank has reduced the repo rate by another 25 basis points, bringing the prime lending rate down to 11%. This is the third rate cut since …
2025 is well on its way and is a popular time to buy and sell property as the South African real estate market offers exciting opportunities to do both. David Jacobs, National Sales Manager for the Rawson Property Group, shares his expert advice to help you navigate the market effectively in 2025. Understand the market …
The end of the year brings sunny days, festive cheer, and – if you’re lucky – a year-end bonus! While the temptation to splurge on a getaway or the latest tech might be strong, savvy homeowners know this financial windfall can pave the way for long-term gains. Here’s how to turn your bonus into a …
The South African Reserve Bank (SARB) has just announced another 25-basis-point cut in the interest rate, bringing the prime lending rate to 11.25%. This reduction may seem modest, but experts say it’s a tangible step towards making debt more manageable for South Africans – a welcome relief as the festive season approaches. To unpack the …
As the South African Reserve Bank’s (SARB) interest rate announcement in November stirs up excitement on the local property market, many savvy investors are also keeping a close eye on events in the United States. It’s no secret that, as the world’s largest economy, changes in US policies or leadership have a ripple effect – …
For commercial property tenants in South Africa, understanding rental escalation is crucial to maintaining a stable business environment and managing expenses effectively. “Knowing how escalations are calculated and what factors influence them can help tenants plan financial strategies and even open the door for negotiations,” says Craig Mott, National Business Development Manager for the Rawson Property …
The Portfolio Committee on Human Settlements highlighted its support in a court action brought by the Residential Communities' Council (RCC) and the Association of Residential Communities (ARC) against the Property Practitioners Regulatory Authority (PPRA) challenging regulation 35 of the Property Practitioners Act.
The court action seeks an order declaring that charging estate agents fees to market and/or sell property within these estates does not constitute an undesirable business practice.
The Chairperson of the committee, Mr Nocks Seabi, said: “We cannot continue to play lip service to the issue of transformation within the property practitioners environment and the continued charging of these fees runs counter to the transformation agenda intended by the passing of the Property Practitioners Act. The committee was also of the view that these estate agents' fees effectively excludes or disadvantages property practitioners not party to these arrangements from proving services within such property developments,”
In line with the drive to ensure transformation within the real estate sector, the committee welcomed the public private collaboration between PPRA and Rawson Property Group that saw the awarding of 100 franchises to previously disadvantaged individuals. The committee is of the view that PPRA must leverage expertise and resources through such partnerships to accelerate progress towards complete transformation of the sector.
The committee also welcomed the general improvement in attainment of performance targets at PPRA. The entity improved its performance from 33% in the 2022/23 financial year to 66,67% in the 2023/24 financial year. Despite this, the committee urged the entity to resolve the matters of emphasis as identified by the auditor general and to ensure a positive audit outcome.
Meanwhile, the committee welcomed the unqualified audit opinion achieved by the Housing Development Agency as well as the achievement of 91% of its planned performance targets for the 2023/24 financial year. The remarkable turnaround at the HDA should be appreciated especially the reduction of irregular expenditure by over 90% of the financial year. “The commitment to good governance practices and strong internal controls are the bedrock upon which a functional entity rests upon,” Mr Seabi said.
The committee also welcomed the over achievements in the performance that includes the acquiring of 316 2926 hectares of land for housing purposes, delivery of 2142 serviced sites (against the target 1236) and 2402 title deeds.
With regards to the Social Housing Regulatory Authority (SHRA), the committee welcomed the attainment of an unqualified audit for the 2023/24 financial year, it raised concerns that of the 9 targets not achieved, a majority of the targets related to issues of transformation. Although the committee acknowledged the strides made by SHRA to facilitate the transformation agenda, it has called for maximised collaboration with stakeholders to ensure that the capacitation workshops be held to improve procurement within designated groups.
Despite this, the committee appreciated that the entity is already hard at work to address audit findings to ensure that the entity returns to previous positive findings.
The committee will continue to monitor the effectiveness of entities within the sector to ensure that they achieve set targets and ensure quality service delivery to the people.
Distributed by APO Group on behalf of Republic of South Africa: The Parliament.
Moving homes can be an exciting new chapter in your life, but let’s be honest – it can also be seriously overwhelming. From packing, to transit, to unpacking in an unfamiliar space, the whole process can feel chaotic, leaving you stressed out and drained. The good news? With a few savvy tricks, you can streamline …
Tucked between Princess Vlei and Zeekoevlei lies Grassy Park Central – one of Cape Town’s most community-minded suburbs, where family comes first (and soccer a close second). “Grassy Park is one of those suburbs that people live their whole lives in,” says Clint Crowster, franchisee of the brand-new Rawson Properties Grassy Park Central franchise. “Homes …
One of the most tangible connections we have to our country’s rich cultural history is our heritage properties – those historic homes and buildings that capture the essence of earlier architectural styles and stand as symbols of the times they were built in. These properties are not only fascinating in their aesthetic and historical appeal …
Mandatory disclosure of known defects has been a legal requirement for property sales for several years now. More recently, however (as of February 2022, to be exact) this requirement was extended to residential property rentals as well. Rental agents cannot market a rental property without a Mandatory Disclosure Document on file. However, Jacqui Savage, National …
Whether you’re buying, selling or renting, you may find yourself wondering if a real estate agent is really necessary to your property journey in 2024. It’s hard to deny that there is a wealth of tools and technology now available for DIY property sales and rentals. Do real estate professionals really add enough value to …
An exceptional opportunity presents itself with this immaculate mixed-use property on Mantevrede Street, Mantevrede AH, overlooking the serene Vaal River. This unique estate combines residential comfort with significant commercial potential, making it an ideal investment for those seeking both luxury living and a lucrative income stream. The property features a spacious three-bedroom house, perfect for …
With inflation and interest rates slowly starting to stabilise, things are looking up for property buyers in 2024. If you’re thinking of getting in on the action, these are things you’ll need to think about to make the most of the opportunities currently available. Budget wisely According to Rawson National Finance Manager, Leonard Kondowe, the affordability …
2023 was a challenging year on many fronts, with fallout from unusually high levels of global political and economic turmoil affecting markets around the world. In South Africa, this manifested as steep – and difficult to control – inflation, resulting in a rapid series of interest rate increases between November 2021 and May 2023. For …
For many years, commercial property investment was almost entirely limited to institutional investors. These days, however, more and more private investors are recognising the potential of the commercial sector. “The higher deposit requirements due to banks only offering around 60 to 70% bonds on commercial properties, can seem a steep point of entry for individual …
With the right help, there’s no bad time to sell a property. However, the festive season can present a few unique selling challenges. “Firstly the first thing sellers will need to navigate is the moderate buyer activity as people shift focus to family, friends, travel and entertainment,” says David Jacobs, Regional Sales Manager for the …
Today’s Monetary Policy Committee announcement of zero change to the current interest rate has property owners around the country breathing a collective sigh of relief. “Pegging interest rates at their current levels is definitely a step in the right direction for the property market right now,” says Leonard Kondowe, Finance Manager for Rawson Property Finance. …
Some of the world’s wealthiest individuals founded their empires on property investment. Craig Mott, Business Development Manager for the Rawson Property Group, shares the top 4 techniques used to build these high-performance portfolios that deliver mogul-worthy returns. Don’t overlook an opportunity “The best property investors keep a constant finger on the pulse of the property …
There are plenty of reasons a tenant may want to end a lease early, from a new job in a new area to affordability issues etc. What every consumer needs to double check before signing a lease agreement, is that their lease makes provision for an early cancellation as per the Consumer Protection Act (CPA). …
The last three years have seen finance costs soar in South Africa, with the prime lending rate rising 4.75% since July 2020. According to Leonard Kondowe, Finance Manager for Rawson Finance, this has had a significant impact on consumer affordability, dramatically reducing the pool of qualified applicants on the home loan market. “Lenders are hungry …