Edition 28 of 2006, Friday, 14 July 2006
Fifa secured $3,1bn for its budget for the 2010 soccer World Cup
in South Africa, the biggest amount in Fifas history. The
money comes mainly from corporate sponsors and broadcasting right.
Last week the question was asked if real estate in South Africa
will be on the winner side or will it join the loosing team over
the next few years leading up to the World Cup. According to this
weeks property news it is going to be a long and hard battle
to get to the winning side as residential property price
growth is expected to slow to zero by the end of this year according
to Standard Banks quarterly property report.
The banks senior economist, Elna Moolman, said yesterday
this slowdown in residential property would be due to rising
interest rates, rising consumer debt and inflation. She also indicated
that it should pick up from the middle of next year and from then
on continue keeping pace with nominal income growth of 10% a year.
Is Gauteng still the countrys engine of growth in the
real estate industry and will it continue to be the best performing
province? More interest hikes?
73-year-old Mike Johnson smashed through the boom closing off a
residential street in President Park, Midrand, earlier this year,
the issue of road closures, 'gated communities' and property crime
rose to the fore yet again.
News from iAfrica
Welcome to the night sky above Sutherland, South Africa.
Gateway to the universe That is what they call Sutherland,
Northern Cape, South Africa. The coldest place in South Africa.
The place where you find the largest telescope in the Southern Hemisphere.
A telescope so powerful that you could see a candle flame on the
moon. But also the place with the freshest air than anywhere in
To take a view with SALT (Southern African Large Telescope) click
on the following link: http://nightskylive.net/sa/