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Township houses cost more – FNB

JOHANNESBURG -HOUSE  price growth in former black townships, as classified during apartheid, marginally outperformed homes in former white suburbs in the third quarter of 2014, First National Bank said on Monday. Like suburban markets, former black townships reflected a good balance between demand and supply, FNB household and property sector strategist John Loos said in a statement. However, demand was ... Read More »

Moody’s downgrades SA’s credit ratings again

MOODY’s Investors Service (Moody’s) has downgraded South Africa’s investment grade credit ratings, the National Treasury said on Thursday. Spokeswoman Phumza Macanda said the credit rating was downgraded to “Baa2 / P-2” from “Baa1 / P-2”. “The credit outlook has been revised to stable from negative,” she said in a statement. She said the government noted Moody’s decision and recognised that ... Read More »

Unemployment in SA gives trade unions sleepless nights – COSATU

LACK of jobs are giving trade unions sleepless nights, Congress of SA Trade Unions general secretary Zwelinzima Vavi said on Tuesday. “What gives labour sleepless nights is the fact that the economy is not creating jobs,” he told a labour relations indaba on the East Rand. “In our view [unemployment] has reached catastrophic levels.” The income inequality in the country ... Read More »

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