Market News

Dear Clients, Colleagues and Friends. We’ll remember 2020 as the year the world as we knew it was turned on its head. For most of that year we looked, in the words of Mark Twain, like an envelope without an address.

A very dear friend has reminded me on numerous occasions that one must not let yesterday take up too much of today. However, the end of a year does provide good perspective and an opportunity to glance back over the past year while keeping a clear focus on the future.

As another year draws to a close, we find ourselves with the opportunity to reflect on what 2018 has brought with it: the challenges faced and the successes we have enjoyed personally, professionally and as a country.

For the first time in 25 years, the Value Added Tax (VAT) rate in South Africa will be increased by 1% from 14% to 15%. Here’s what this means for property transactions…

2016 has been labelled an all round poor year, and while the impact of economic and political crises – both locally and internationally – cannot be ignored, the South African property market has continued to weather the storm.