Had the South African banks consulted broadly with the housing sector leaders prior to embarking on their counter-recessionary strategies, would the South African housing sector be in its present difficult position? Read an article titled SA banks' flawed decisions during recession prove detrimental to the property industry to find out.
As South Africa is preparing for 2014 General Elections, and politicians are out promising the citizens better living conditions, Cecily Ghall, a part-time domestic servant, residing in Kurland Village, a predominantly coloured settlement of about 2 000 residents, is still on a waiting-list for a government-provided home, since 2008. Due to the state programme failure to keep pace with population growth, informal settlements have mushroomed around cities. Read South Africa's post-apartheid housing failure for a full story.
With higher numbers of inventory in the market and property prices in many areas becoming more affordable, buyers who still want to take advantage of favourable conditions and pricing are advised to move relatively quickly. Read an article titled Why now is a good time to buy property for more.
This week we turn our Focus on Vryburg. Did you know that Vryburg in North West has been nicknamed “Texas of South Africa”? Find out why in our Focus on section of this Newsletter.
It has been reported that Cape Town residents are under a kleptomania terrorism attack, in the street battle for supremacy between man and baboon. Read Kleptomaniac monkeys terrorise an estate in South Africa for more. Like us on Facebook or follow us on Twitter to see a video of this madness.