As anticipated, the Monetary Policy Committee (MPC) kept the repo rate steady this month (March 27, 2014), which is good news for aspirant home buyers and those with existing home loans, says Dr Andrew Golding, CE of the Pam Golding Property group.
Investec shares shot up more than 5% after it said operating profit has grown in the nine months to December and it plans to exit its UK-based mortgage business‚ which it bought just before the subprime crisis.
LAST year was a tough one for South African real estate and, after three years of trudging through a severe downturn, the year did not present a clear path to recovery. As demand cooled, concern about global sovereign debt rose and weak prospects fo...
