Competition, Bond Switching to Reform SA Property Market
Written by Black Hot Fire Network on April 23, 2024
At a time when the South African Reserve Bank- SARB has upheld a consistent stance on interest rates, a decline in consumer inflation has led to forecasts of maintaining rate cuts until at least May or potentially Q3. Bredenkamp asserts that despite this, the prevailing economic conditions have made it imperative for banks to reassess their loan structures, striking a balance between prudence and meeting their objectives.
The local property market may stand on the verge of transformation, compelled by the necessity for fresh and innovative offerings . . .
