The eyes of the world were on South Africa this past month that's for sure.

The Executive Property Summary

MAY 2025 Recap Edition

Dear {{contact.first_name}}

The eyes of the world were on South Africa this past month, that's for sure.

With a tense encounter at the Oval Office between a diverse South African group meeting with US president Trump and his administration to discuss pressing issues.

The meeting started in dramatic fashion with the focus on the trend of violent farm murders and incitement to further race based violence.

Things quickly broadened to the general violent crime crisis in SA with valuable perspective and context added to the crisis in SA.

With the eyes of the world on BEE legislation, the EFF and their "kill the boer" song and many other skeletons that are falling out of the closet one after the other.

International support for victims of violent crime in SA is a refreshing theme to see in tense political times.

Pressure is mounting on the government to make real changes in economic policy and legislation and find real solutions to deep-rooted social problems.

On a positive note there is a subtle shift happening towards the Western World and the USA and away from communists and dictators, with extreme political parties slowly losing favour and being exposed for the instability they bring.

Most South Africans stand united in solidarity regarding the country we want to see, the dream of the rainbow nation and the changes we so desperately need.

While the politicians talk, our local talent has been winning trophies and setting world records. South African Ryno Nel made history as the first ever African winner of the Worlds Strongest Man!

Quietly and largely unnoticed, 24-year-old Durbanite, Colton Engelbrecht, set the highest powerlifting raw total of all time! At 1200kg, which is10x his bodyweight! He has not reached his potential yet either, with promises of more records from his apt nickname, "Limit Breaker".

While a painting by South African born artist set a world record price of R245 million, the highest ever price for any art piece by a female athlete.

Showing South Africa has the strength, power, grit and determination to not just compete, but set the standard on a global stage with the incredible talent in our country.

Adversity breeds strength, and we have plenty of both in our beautiful nation, and the world is taking notice.

Yours in property 

Jacques Grove

Principal and Dreamer

ECONOMIC NEWS

South African central bank cuts rates and doubles down on lower inflation target.

The South African Reserve Bank (SARB) cut its repo rate by 25 basis points (bps) to 7.25% lowering its inflation and economic growth forecasts for this year and next.

What to expect from interest rates, and major blow to Trump’s tariffs plan.

The majority of economists polled by Reuters and Bloomberg expect the bank to cut its main lending rate by 25 basis points. However, a significant minority, including local economists, think the rate could be left unchanged.

PROPERTY MARKET NEWS

Cape Town makes changes after 20% rate hike fury.

Following significant backlash from residents, particularly in the middle class, the City of Cape Town has revised some budget items tabled in March, extending rate relief measures to cover higher value homes.

Joburg South’s R27 Billion Mega City Project Begins.

After years of delay and community frustration, construction is finally underway in the Bushkoppies and Devland regions of Joburg South, offering new hope to residents in areas like Diepkloof, Freedom Park, Eldorado Park, and Naturena.

PROPERTY INDUSTRY NEWS

East London attorney wins back ownership of farm after protracted court battle.

An East London attorney has, after a long legal battle, won back ownership of a farm in Buffalo City (East London) that he was forced to sell to the municipality under the threat of expropriation.

South Africa needs Starlink.

Billionaire Johann Rupert has told U.S. President Donald Trump that South Africa needs satellite broadband service Starlink.

Warning to South Africans looking to buy a house in a security estate.

Beyond the purchase price, buyers should budget at least R200,000 to R250,000 in additional upfront costs.

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