I can only surmise that severe political risk in South Africa weighed down property prices from the 1980s right through the transition to democracy. For example, to use personal experience, we bought our house in the early 1980s at a bargain price because the owners were emigrating to escape the coming violent revolution.
The South African housing market is relatively clean of regulatory distortions. Rent control was abandoned in the 1980s, when it was seen to be impeding construction of new housing, especially apartment buildings. So it is perhaps surprising that the ANC in its election manifesto promises to “accelerate legislative measures to eliminate speculative behaviour” in the property industry. The manifesto describes housing prices as too high. The party says, it “will introduce measures to address high land and property costs”.
เราได้สรุปข่าวนี้มาให้อ่านอย่างรวดเร็ว หากสนใจข่าว สามารถอ่านฉบับเต็มได้ที่นี่ อ่านเพิ่มเติม:
ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว
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Business Maverick: African e-commerce leader Jumia to list on NYSE for $1.1bnAfrican online retailer Jumia has announced its listing price on the New York Stock Exchange which values the company at about $1.1bn confirming its status as the first African tech “unicorn” to enter the public market.
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Business Maverick: Moody’s stands pat and SA’s economy breaths a sigh of relief – for nowIt all depends if they are in a good moody, or a bad moody, said Rico’s cartoon in Friday. Turns out they were in a good moody. AngeloCoppolaSA
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Business Maverick: Moody’s stands pat and SA’s economy breathes a sigh of relief – for nowIt all depends if they are in a good moody, or a bad moody, said Rico’s cartoon in Friday. Turns out they were in a good moody.
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Business Maverick Friday Cartoon: Good Moody, Bad Moody
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Business Maverick: Capitec’s results show the heat is on in bankingCapitec's results on Thursday were more keenly watched than normal because of a slew of new entrants into the banking field. The company reported good results, growing its customer base by an astounding 1.5m more customers. But sometimes looks are deceiving.
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Business Maverick: South Africa Holds Key Rate as It Cuts GDP GrowthHigher power, food and fuel prices will likely crimp household spending and limit prospects for stronger economic growth, resulting in the South African Reserve Bank having to hold the nation’s key interest rate for the rest of the year.
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