This is according to the BetterBond Property Brief.He says the Reserve Bank's cautious approach has seen the cost of credit surge since 2021.
"The total value of outstanding mortgage loans today in South Africa is lower in real terms than it was ten years ago," Botha said. "This economy has never been able to grow at sustained rates unless private sector credit is growing, that is not happening."
Umnotho wethu awusaphumanga rescess sekuyi lunch.
AbsaSouthAfrica StandardBankZA Nedbank FNBSA Investec When Julius_S_Malema is president we won’t need bonds, right princess DZumaSambudla 😬
The SA government don’t want their people to own land
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Bron: SABCNews - 🏆 37. / 51 Lees verder »