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South African millennials are buying homes

11 September 2018 | Property

Millennials in South African have purchased homes in great numbers in recent years. According to statistics supplied by property group Lightstone, almost 330 000 millennials bought homes in South Africa between 2015 and 2017 and 70% of them were first-time homebuyers.

From Venezuela with love: Lessons for SA

11 September 2018 | Economy

The reality of South Africa’s economic quagmire has finally sunk in with the announcement that the country had slipped into a technical recession in the second quarter of this year, adding fuel to populist demands for greater political intervention in the economy.

Surprise recession: SA feels the after-effects of years of policy mismanagement & corruption

10 September 2018 | Economy

We had the surprise announcement on Tuesday (4 September) that growth in the second quarter of this year was again negative (-0.7%). We use the word “again”, because the first quarter was also negative at -2.6%, with two successive quarters of negative growth triggering the term “recession”. We had anticipated a marginally positive number on Tuesday with broad-based tepid growth being dragged down by agriculture and manufacturing. As it turns out, agriculture was a drag on growth but so too were the transport and telecoms sector and consumption – something we hadn’t anticipated and are investigating further.