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Wealth

Cape Town’s R100 billion plan to keep housing affordable for locals

Cape Town’s R100 billion plan to keep housing affordable for locals

The City of Cape Town says it aims to take drastic measures to provide more properties for lower and middle-class residents around the city within the next few years.

Wealth - By Staff Writer | 30 March, 2017
How many South Africans have more than R125 million in their bank account

How many South Africans have more than R125 million in their bank account

New data published by advisory firm New World Wealth shows how many super-wealthy people live in South Africa, and breaks the figure down into the major cities.

Finance, Wealth - By Staff Writer | 30 March, 2017
How long it would take you to become the richest person in South Africa

How long it would take you to become the richest person in South Africa

South Africa’s richest man takes only 4 minutes to earn what the average South African earns in a year.

Wealth - By Staff Writer | 29 March, 2017
How much money you need to be an ‘average Joe’ in South Africa

How much money you need to be an ‘average Joe’ in South Africa

The average South African has net assets of US$11,300 (R144,000), according to new data from New World Wealth.

Wealth - By Staff Writer | 27 March, 2017
Inside a R35 million penthouse apartment in Melrose Arch

Inside a R35 million penthouse apartment in Melrose Arch

If you’ve ever wondered what it would look like to live in a penthouse apartment in one of the most high-profile retail areas in Johannesburg – this is what you would get.

Wealth - By Staff Writer | 24 March, 2017
These are the best areas in Cape Town to invest in property

These are the best areas in Cape Town to invest in property

FNB identifies areas in Cape Town that have shown the strongest house price growth over the past several years, and why.

Finance, Wealth - By Staff Writer | 24 March, 2017
How much it will cost to send your kids to school in Steyn City

How much it will cost to send your kids to school in Steyn City

Residents of Steyn City – the multi-billion mixed-use lifestyle development in the north of Johannesburg – will be able to send their children to a private school from 2018.

Lifestyle, Wealth - By Staff Writer | 23 March, 2017
Meet the ‘Boere Buffett’: South Africa’s newest dollar billionaire

Meet the ‘Boere Buffett’: South Africa’s newest dollar billionaire

Founder and chairman of PSG Group, Jannie Moutone has been listed as the newest dollar billionaire in South Africa by Forbes in its annual Billionaire List for 2017.

Business, Wealth - By Staff Writer | 23 March, 2017
Why you are paying so much more in property levies in 2017

Why you are paying so much more in property levies in 2017

South Africans who already enjoy sectional title living may have noticed a steep increase in their monthly levy in 2017 – now those flocking to complex-style living need to beware this rising ‘hidden cost’ as well.

Wealth - By Staff Writer | 22 March, 2017
How many South Africans have second homes and why they buy them

How many South Africans have second homes and why they buy them

The estimated percentage of home buying believed to be secondary property buying in South Africa has shown some recovery in recent quarters says FNB.

Wealth - By Staff Writer | 22 March, 2017
Big changes South African property-owners need to watch out for in 2017

Big changes South African property-owners need to watch out for in 2017

There are a few significant changes on the cards for the South African property sector in 2017 note legal analysts and real estate agents.

Wealth - By Staff Writer | 20 March, 2017
South African diamond expected to pull record R760 million at auction

South African diamond expected to pull record R760 million at auction

Sotheby’s will auction off the ‘Pink Star’ diamond, mined in South Africa in 1999, expecting to bring in a record $60 million – over R760 million – for the sale.

Wealth - By Staff Writer | 20 March, 2017
Property firms will always tell you to invest in a house – but why in 2017?

Property firms will always tell you to invest in a house – but why in 2017?

If buying property is on your wish list for 2017, property group Seeff offers a few good reasons why this is a good year to invest.

Wealth - By Staff Writer | 18 March, 2017
The metros where South Africa’s first-time buyers are choosing to live

The metros where South Africa’s first-time buyers are choosing to live

FNB has released its latest Property Barometer detailing where South Africa’s first time buyers are choosing to settle down.

Wealth - By Staff Writer | 16 March, 2017
These are the countries South Africans can visit tomorrow visa-free

These are the countries South Africans can visit tomorrow visa-free

Immigration consultants Henley & Partners has released the 2017 edition of its Visa Restrictions Index – detailing the countries South Africans can visit visa-free.

Wealth - By Staff Writer | 15 March, 2017
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