DStv Channel 403 Sunday, 13 October 2024

SA's Economic Trouble | Consumers forced to sell properties

JOHANNESBURG - January residential building statistics showed a sharp year-on-year decline in new planning activity as rising interest rates and recessionary economic conditions take effect.

READ: SA’s economic trouble | Interest rate hike expected

Consumers are also finding themselves having to downsize or sell their properties to remain afloat.

Meanwhile, some economists expect interest rates to increase by 50 basis points next week.

Watch the video above for more details.

 

 

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