“We are proud to have Brenda on board and excited to put her tremendous knowledge and experience of the South African market to work, to maintain and grow our market leadership.”

These are unprecedented and uncertain times and we need as much support from the Reserve Bank as possible to boost confidence to invest in the property market & economy as we emerge from the Lockdown.

A new representative council has been formed to provide a single voice for property practitioners to speak with authority on issues connected with the property industry.

The legendary founder and pioneering property investor and developer Marc Wainer had retired from the company at the end of August 2019.

This rate cut takes the interest rate to a new historic low. Together with the previous cut, this is vital for when the country comes out of the COVID-19 Lockdown & the recovery starts.

“As the Deeds Office is currently closed, transactions underway can still be at least partially processed online, ready to be concluded once the lockdown is lifted.”

This lockdown will bring the economy to a standstill if businesses fail to get creative with their offerings & their operations in order to remain productive within this situation.

The decision by the MPC to cut the repo rate by 100 basis points is a welcome stimulus for the economy & property market.