PPRA CEO placed under precautionary suspension

The Property Practitioners Regulatory Authority Board (PPRA) has placed the Chief Executive Officer, Mamodupi Mohlala, on precautionary suspension with full pay pending an investigation into allegations against her received from the Public Service Commission (PSC). The PPRA reiterated that the suspension is not a guilty verdict on the part of the CEO.

Housing market still stable despite hike in interest rates

Interest rates continue to climb following the latest announcement late last week by the Monetary Policy Committee (MPC). The repo rate jumps by 25 basis points to 4.25%, leaving the prime lending rate at 7.75%.

This comes as no surprise to Regional Director and CEO of RE/MAX of Southern Africa, Adrian Goslett, who had predicted that interest rates would climb in response to rising inflation and the global instability surrounding the Russia - Ukraine conflict.

Tips to share with buyers into home renovating

Property practitioners dealing with buyers investing in property they earmark for renovating, should be aware of the pitfalls lurking in shadows of seemingly excellent quality properties. It is their duty and good ethical sales practice to warn buyers of possible unwanted situations.

Conversion of commercial property into residential units accelerated in Covid years

SPEAKERS CORNER: The conversion of commercial spaces into residential units is nothing new to the South African property sector. It’s a trend that began well before Covid-19, but it has accelerated significantly in the last two years. Lockdown forced companies to accept that a remote workforce is not only viable but can also deliver improved cost and productivity efficiencies.