Posted by Viruly Consulting on Wednesday, September 14, 2011
The latest Soouth African Reserve bank bulletin has provided a gloomy picture of the SA Economy. Consumer expenditure is slowing and the construction sector is under significant pressure. Numerous government driven prohjects are not seeing the light. As a result it is becoming increasingly probable that the SA Reserve Bank will leave interest rate sunchanged in the short run. The possibility of a decline in interest rates is also becoming a possibility by year end. Generally these conditions do not bode well for the SA property market and the retail sector in particular.