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Here's the state of the property market in Zimbabwe, Namibia and Mauritius

Here’s the state of the property market in Zimbabwe, Namibia and Mauritius
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While South Africa’s housing market continues its post-Covid lockdown bounce-back, driven by the low interest rate and favourable mortgage lending climate, especially in the low to middle-class suburbs, it has been a mixed bag for neighbouring SADC countries.
According to Samuel Seeff, chairman of the Seeff Property Group, these real estate markets are diverse, often with high interest rates and large rental components affected by factors such a decline in income, business closures and expat departures.
Botswana – foreign buyer transfer duty upped to 30% further hampers recovery ....

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Zambia : ActionAid: 2020 Was as a difficult year for Zambia, Economic Fundamentals Deteriorated Drastically.

By Nalucha Nganga Ziba Country Director, ActionAid Zambia
As the year 2020 comes to an end, ActionAid Zambia has witnessed with concern a downward spiral in relation to the socio-economic, political governance, and human rights violations in the country.
2020 can be described as a difficult year for Zambia on the economic front, where most of the economic fundamentals deteriorated drastically. The nation’s economic growth was projected at 3 percent; however, it plummeted to negative 4.2 percent as early as quarter two (2) of 2020. The nation experienced its first recession in more than two decades, mainly exacerbated by the advent of COVID-19 and the ever-increasing public debt stock, now standing at $18.5billion. With all recommended debt sustainability indicators and/or benchmarks breached, Zambia became the first African country to default on its debt interest repayments after failing to meet the US$ 42.5 million debt repayment on its US$ 3 Billion Eurobonds on 14th o ....

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Zambia : When Regulation Becomes Interference – The Case Of The Securities And Exchange Commission

‘‘THERE IS A STRONG DISTINCTION BETWEEN BARRIERS TO ENTRY AND BARRIERS TO IMITATION.’’
~ Professor C. K. Prahalad [Professor in Corporate Strategy at Michigan Ross University]
Like most / all regulators in the Zambian economy, the Securities and Exchange Commission of Zambia [SEC] has transitioned from a defender of the market to a hired gun of the elite and powerful in the securities industry. Instead of serving the wellbeing of the local market players and citizens of the nation, which are better served through a dynamic, competitive and innovative environment the SEC now serves to protect the powerful and mostly foreign or government backed elites in the Zambian Capital Markets especially in the Fund / Asset Management industry as well as the Brokerage space. ....

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Ouganda: les ONG inquiètes après l'arrestation d'un militant des droits humains et d'avocats

Ouganda: les ONG inquiètes après l'arrestation d'un militant des droits humains et d'avocats
rfi.fr - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from rfi.fr Daily Mail and Mail on Sunday newspapers.

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Mixed bag for SADC property markets as SA continues bounce-back

Mixed bag for SADC property markets as SA continues bounce-back
The South African residential property market has been picking up lately as a result of low interest rates and falling house prices. It is no surprise that buyers are taking advantage of the opportunity to become property owners at such a favourable climate. According to Seeff, property markets in southern African development countries have been weighed down by high interest rates, declines in income, business closures and expat departures. Interestingly, Mauritius has received requests from South Africans willing to move or invest, as well as interest from locals to invest in plots of land as the country’s interest rates are expected to go down even further. – Lindiwe Molekoa ....

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