Property Seekers

Comprehensive Guide To Real Estate In South Africa

Tag: South African Reserve Bank

  • Interest Rate Announcement 23 November 2023: What to Expect

    Interest Rate Announcement 23 November 2023: What to Expect

    The South African Reserve Bank (SARB) will announce its decision on the repo rate on Thursday, 23 November 2023. This is the final interest rate announcement for 2023 and consumers will be hoping that SARB Governor, Lesetja Kganyago, will offer some relief in the form of a rate cut. However, economists are not optimistic about...

  • Residential Property Price Index Report For June 2023

    Residential Property Price Index Report For June 2023

    According to the Residential Property Price Index report for June 2023, house prices in South Africa have increased by 2.9% between June 2022 and June 2023. And in particular, property prices in the Western Cape have increased by 4.1% year-on-year. On Thurs 9 Nov 2023, Statistics South Africa (Stats SA) released its monthly Residential Property...

  • Economists Predict Another Interest Rate Hike For South Africa In Nov 2023

    Economists Predict Another Interest Rate Hike For South Africa In Nov 2023

    Economists from Bank of America (BofA) are saying that in November 2023, South Africa is likely to experience another prime interest rate hike by a small amount (25 basis points). The South African Reserve Bank kept the repo rate steady at 8.25% during its September 2023 meeting, as anticipated, but emphasized that the fight against...