Jacob Zuma

Estate Agent critical of Zuma’s State of the Nation Address (SONA)

It offered very little new from last year and is unlikely to boost business and investor confidence, desperately needed to re-energize the economy and property market. ... Full story

Zuma’s SONA 2016 speech disappoints Property Investors

While the State of the Nation Address (SONA 2016) was marred by numerous disruptions, President Jacob Zuma reminded the nation that he spoke this time last year of a Bill that would place a ceiling on land ownership at 12 000 hectares. ... Full story

Rand weakness dampens SA Property

Listed property in many developing countries has had difficult year. Currency weakness weakened its returns. Nevertheless some African property funds have held up well and many listed property companies in South Africa outperformed equities and cash. ... Full story

S.Africa’s Rand stages recovery on the return of Pravin Gordhan

The reappointment of Pravin Gordhan as the South Africa’s Finance Minister added a positive tone to the market, with the rand staging recovery at midnight on Sunday as the rally in the dollar eased. ... Full story

SA’s Property Sector appeals for calm against Xenophobic attacks

The South African Property Owners Association (SAPOA) on Thursday appealed for calm and the end of attacks on immigrants after a wave of violence that has left at least seven people dead in South Africa. ... Full story

SA Property Owners strongly denounce ban of Foreign Land Ownership Bill

Johannesburg — The proposal ban of foreign nationals from owning land in South Africa announced by President Zuma last week, has placed in doubt and disappointed the South African Property Owners Association (SAPOA). ... Full story

South Africa tightens up Land Ownership for Foreigners

In his State of the Nation Address (SONA) on Thursday to Parliament, President Jacob Zuma said foreign nationals will be barred from owning land in the country, but they will be allowed to enter into long-term lease contracts. ... Full story

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