Edition 40 of 2007, Friday, 12 October 2007
"Experts say SA Reserve Bank could even drop interest
rates next week." I am sure that most of our readers
will still remember this phrase published in last weeks newsletter.
Well the experts were proven wrong as another interest rate have
been hiked by 50 basis points and that all because of the inflation
outlook that has deteriorated. This is not good news and the South
African real estate market can be expected to be hit hard.
Bracing for a property market slump
The Brazilian residential market is showing a growth in comparison
with other countries including South Africa. About 450 000 houses
were sold in South Africa, 750 000 in Mexico and 200 000 in Brasilia.
Lower interest rates and the wider availability of credit create
a very favourable scenario for the real estate industry," Read
more in Real Estate News - Building boom hits South America
York is definitely a wealthy city but you encounter another stratosphere
of wealth in London," We take a closer look at the United Kingdom
and why London's real estate developers, businesses and restaurateurs
are responding so well to the wealthy. Did you know that the United
Kingdom is home to 17% of Europe's wealthiest? Behind London's
Boom, Billionaires From Abroad
Households and businesses across the country experienced an electricity
crisis this week. Eskom is struggling to restore 20% of its generating
capacity and this situation can still continue until Sunday. Eskom
and the Government have called on consumers to assist by cutting
down on electricity. This can be done to by keeping only essential
lighting and electrical appliances on. When searching the Eskom
website this morning for more news the website www.eskom.co.za,
was not available. Is this how serious this situation might be or
did Eskom get tired of the complaints from the consumers? Send your
opinion to email@example.com
Known as the Town of Two Summers for its benevolent climate, Phalaborwa
is a town with a spectacular past. Around 2000 million years ago
a gigantic volcanic eruption took place in the area. Today Phalaborwa
supports a vast mining industry, including one of the world's largest
open-cast mines supplying vital minerals to the country
"Big Hole", the planet's largest man-made hole and visible
from space, can be viewed daily from a special lookout point.
Focus on Phalaborwa, Limpopo, South Africa
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