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Herschel Jawitz

South African Economic Update

South African Economic Update

HERSCHEL JAWITZ, CEO OF JAWITZ PROPERTIES COMMENTS ON THE CURRENT SOUTH AFRICAN ECONOMIC STATUS AS HE SEES IT. The Reserve Bank decided to keep interest rates on hold last week following renewed speculation that there may be scope to reduce rates after very positive inflation data. The latest inflation data for April 2017 came in…

Estate agents happy with Gordhan’s transfer duties exemption

Estate agents happy with Gordhan’s transfer duties exemption

Estate agents have welcomed the increase in the threshold for exemptions from transfer duties on properties to R900,000 (from R750,000), saying the move would provide some relief for first-time home buyers. This is  despite the upward adjustment by Finance Minister Pravin Gordhan set to cost the fiscus R448m in foregone taxes. CEO of Jawitz Properties, Herschel Jawitz, said, “The increase in the threshold below which transfer duty is not…

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