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When the going gets tough the rich snap up luxury homes for up to R100m - Vimarsana News

When the going gets tough the rich snap up luxury homes for up to R100m

Affluent South Africans and foreigners are pouring their money into trophy homes for a semblance of stability in tough economic times, driving a recent uptick in the sale of properties in the R10m-R100m bracket.

Levy debt prompts sale after tenants dodge paying - Vimarsana News

Levy debt prompts sale after tenants dodge paying

Bongani Ngono has decided to put his house on the market after years of piling up debt for levies which are now almost equivalent to the price of the property when he bought it in 2006.