Good News For The South African Market
GOOD NEWS FOR THE SOUTH AFRICAN MARKET
- Having cut the interest rate by 25 basis points, means that the prime lending rate in South Africa is now at a historical 7%.
- Projections for the first quarter in 2021 remains unchanged.
- This is good news for all consumers, that will feel that extra cash in their pocket at the end of each month.
- Property market is doing well with year - on - year figures increasing for the month of November and December .
- Realtors are seeing a light at the end of the tunnel with sales steadily increasing.
- Agencies that are focused on SEO, increasing their Social Footprint and General Awareness are now reaping rewards. In difficult times it's important to stay focused and concentrate on activities that can improve your Business.
- Hopefully, we will see another drop in the interest rate in the second quarter of 2021 that will lift spirits that are so needed at this time.
22 Jan 2021
Author Frans Van Staden
