– here’s what R100,000 can get you in South Africa’s richest areas

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High interest rates have forced many South Africans into the rental market.

Seeff Property Group said that the would-be buyers turned to rentals for more affordability and reduced risk, with the group seeing roughly 18% growth on its rental book and, in some cases, doubling its rental book over the last three years.

The Pretoria East luxury sector is also seeing major activity, with high-end tenants paying up to R79,3000 in Woodhill Golf Estate.

 

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Numerous Jobs in South Africa Offer Minimum Monthly Salary of R30,000 or More: ReportAccording to the latest Pnet Job Market Trends Report, numerous jobs in South Africa offer a minimum monthly salary of R30,000 or more, primarily in the IT and business management space. The report also highlights the stability of the local job market over the past two years, with a 0% change in hiring activity year-on-year. However, there was a 1% decline quarter-on-quarter in Q4 2023 due to a significant decrease in hiring activity in December. Pnet emphasizes the importance of salary in job search and highlights the taboo nature of discussing salaries.
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