18 Oct 2012

Conveyancing & Property Update, FNB Property Barometer, Emigration & Foreign Buying Oct 2012

2012 has been something of a turbulent year politically and socially. Industrial action has been widespread and sometimes violent, while service delivery protests have also become quite frequent events. A few days ago, Standard and Poor downgraded its South African sovereign ratings, reportedly citing increased uncertainty linked to strikes and rising social tension, which have the potential to place additional constraints on South Africa’s fiscus, and to negatively affect growth.