Financial Property News
South Africa to Tighten Bank Disclosure Laws on Home Loans
29 Aug 2024
The government is considering stricter regulations to compel banks to disclose more detailed information about their home loan-lending practices. The aim is to boost access to home loans, particularly for previously disadvantaged groups, Human Settlements Minister Mmamoloko Kubayi said during a briefing in Pretoria.
read more
MyProperty launches unparalleled home loan rewards program for buyers
13 Sep 2023
Buying a home often involves many unforeseen costs, including the cost of moving, and cleaning, along with small repairs and improvements. In response to this, MyProperty has launched an unrivaled cash back rewards program to assist home buyers.
read more
Are complexes, estates, and gated communities the government’s next target for BEE?
08 Aug 2023
Speaking at the inaugural Community Schemes Ombud Service (CSOS) Indaba in Johannesburg last week, Minister of Human Settlements, Mmamoloko Kubayi, said that the growing community housing schemes sector needs to be transformed to be more inclusive on various levels.
read more
Money laundering risks on the rise in real estate
05 May 2022
Property practitioners in South Africa have been identified as potentially vulnerable to money-laundering and terrorist financing (TF) activities. This was revealed by the FIC (Financial Intelligence Centre) in their recent Assessment of the inherent money-laundering and terrorist financing risks impacting the real estate sector report.
read more