Weekly Newsletter
Friday, 10 December, 2004

Edition 46 of 2004, Friday 10 December 2004

Dear Reader,

Will we see the rand go to R5.50 or even R5.40 to the dollar before Xmas? "It is such a thin market that moves are exaggerated", said Briat economist Colen Garrow. The rand was last at these levels in November 1998. The rand has appreciated by more than 17% against the sagging dollar this year.

Reserve Bank governor Tito Mboweni hinted on Tuesday that the central bank would not try to weaken the rand by cutting interest rates on Thursday, saying that the Bank would not "lose focus" in targeting inflation. Read more in Mboweni blows cold on rate cut

The Democratic Alliance hits out hard at Cape Town's draft policy after the mayoral committee has approved a policy, behind closed doors, that would allow a black, disabled women to buy council land even if a white man opt to double the price she paid. Belinda Walker, Democratic Alliance city councilor for Bo-Kaap, Gardens, Oranjezicht, Tamboerskloof and Vredehoek, said she was "horrified at the secrecy in which the decision was made and the illegality of the whole process".

Kleinmond has been a favourite summer-holiday destination for many farmers since 1860. Farmers from Caledon and nearby areas began making this annual pilgrimage to camp near the Palmiet lagoon and the Klein Botriver mouth, near to where the Hotel stands today. Church services were held near the Kleinmond lagoon from as early as 1902. The tree which stands there has earned the name of 'die Preek Boom' (the sermon tree). In Focus on we take a closer look at Kleinmond, Western Cape, South Africa.

I received a very interesting article from one of our readers and share it with all of you in Have fun - Spamming - We get spammed everyday through television, radio, newsletter, magazines etc. and yet, we moan when we receive Internet spamming. An article not to be missed


CyberProp greetings!
The editor

>> Real Estate in South Africa

Property Demand Narrows Yield

THE difference in yield between the listed property sector and the long-bond rate is becoming narrower thanks to the rise in demand for commercial property in South Africa.

Government long bonds are regarded as one of the safest investments one can make because there is little chance the state will default on payments.

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Property prices have sky-rocketed over the past five years and show no sign of abating. The good news is that property prices have not reached bubble proportions at all. Prices are likely to rise strongly for several years from now…

>> Foreign role in SA property market overstated

Government's audit of foreign property ownership in SA will show it to be "completely insignificant" , Pam Golding Properties CE Andrew Golding predicted on Tuesday.

Golding's remarks came as hearings on the possible restriction of foreign land ownership were being held as part of a debate in Parliament , a process that could lead to legislation...

>> Mboweni blows cold on rate cut

Reserve Bank governor Tito Mboweni hinted on Tuesday that the central bank would not try to weaken the rand by cutting interest rates on Thursday, saying that the Bank would not "lose focus" in targeting inflation.

In the face of growing pressure to cut interest rates to weaken the rand, Mboweni said that monetary policy would not be used to target any variable besides CPIX (consumer inflation less mortgages)...

>> DA hits out at Cape Town's draft land policy

The City of Cape Town's mayoral committee has approved a policy - behind closed doors - that would allow a black, disabled woman to buy council land even if a white man doubles her price.

The policy is one of several proposed point systems for selling council land that are being advertised for public comment...

>>Focus on Kleinmond, Western Cape, South Africa

Kleinmond lies at a small lagoon on the narrow coastal belt between fynbos-covered mountains and the Atlantic sea and forms part of the Kogelberg Biosphere Reserve, the first and only Biosphere in South Africa to be proclaimed by United Nations' Educational, Scientific and Cultural Organisation (UNESCO)...

View Properties in the Western Cape | View Properties in Kleinmond

>> Property of the week

Western Cape, Kleinmond

Bedrooms: 3
Bathrooms 3
Garages: 2
Notes: Stunning double storey A-Frame home with magnificent lake and mountain views in exquisite Arabella Golf Estate. 3 en-suite bedrooms. Open flow kitchen/dining/living area leading onto wrap around patio/entertainment area. Beautifully fitted kitchen and bathrooms. Truly a dream home for the keen golfer!

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>> Pipe leak has couple bursting with anger

Lynnwood residents in Pretoria are up in arms over a water pipe which has apparently burst six times this year, causing financial havoc and inconvenience.

Residents living in Elizabeth Grove have complained to the Tshwane Council over the pipe situated in Kings Highway, which reportedly keeps bursting...

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