John Loos, Property Sector Strategist at FNB Commercial Property Finance says that building activity held up well in the first half of the year considering the mounting economic pressures as inflation and interest rates continue to rise.
The National Treasury is expected to spend over R812 billion on public sector infrastructure over the next three years, says finance minister Enoch Gondongwana.
President Cyril Ramaphosa has signed the Local Government: Municipal Systems Amendment Bill into law, barring municipal workers and senior managers from holding political office in South Africa.
Standard Bank Group, South Africa's biggest bank when measuring capital said Friday that it delivered record headline earnings of R15.3 billion for the six months to 30 June 2022, up 33% from the prior period, spurred by franchise growth.
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