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Monthly Archives: August 2020
Planning is more important than prediction for Africa’...
An understandable response to the economic fallout of Covid-19 is for governments, industries and businesses trying to predict the path that the global economy will take in the coming months and years. However, given that this is a challenging exercise at best, it’s probably a better investment of valuable time and effort to ponder the many lessons – some very hard to swallow – …
South Africa: Low 7% interest rate and downscaling tre...
The exceptionally low interest rates, are opening up the residential property market to buyers who previously did not qualify for bonds. Following the latest interest rate cut, purchasing real estate has never been more enticing. At the current prime lending rate of just 7%, homeowners can end up spending less on their monthly bond installments than they would in rent. Downscale due to pressure Applicant …
Nigeria: How to make 300,000-unit housing scheme succe...
Following the National Economic Council (NEC) approval of the construction of 300,000 mass housing units in all the states of the federation and the Federal Capital Territory (FCT), major players in the built environment have submitted proposal on how to make the scheme successful. The scheme is part of the Nigeria Economic Sustainability Plan by the Vice President Yemi Osinbajo-led Economic Sustainability Committee, estimated …