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South African business confidence climbed in the first quarter as the negative impact of the coronavirus pandemic, power cuts and a three-week strike in the…
Turning the 'market on its head,' according to a report.
While higher rates may have a 'cooling effect' on market transactions and price growth, the current wave of buying is largely being driven by wealthier buyers who are less sensitive to interest rates, Siphamandla Mkhwanazi, said in a note.
Rising interest rates are unlikely to affect home buying in South Africa this year, according to First National Bank.
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