Economy

South Africa’s Property Prices Rise 1.9% in January 2024, Western Cape Leads with 5.5% Increase

  • South Africa’s RPPI shows 1.9% annual inflation in January 2024, with Western Cape leading at 5.5%.
  • City of Cape Town drives metropolitan inflation with a 3.9% year-on-year increase.
  • RPPI for first-time properties rose by 2.5% annually, while resold properties saw a 1.2% increase.

South Africa’s Property Prices Rise 1.9% in January 2024, Western Cape Leads with 5.5% Increase Read More »

Food and Beverages Industry Shows Strong Growth in March 2024 Despite Seasonal Fluctuations

  • March 2024 saw a 3.7% increase in food and beverages income, driven by robust performances in ‘other’ income and bar sales.
  • Restaurants and coffee shops led the growth, contributing significantly to the overall rise, while takeaway and fast-food outlets also contributed positively.
  • Quarterly performance showed a 1.9% increase, primarily driven by restaurants and coffee shops, despite a 1.5% decline in seasonally adjusted income in March.

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Tourist Accommodation Industry Surges: Finance Insights into Robust Growth Trends

  • Tourist accommodation industry saw 10.1% income growth in March 2024, driven by increased demand and higher pricing.
  • Hotels and ‘other’ accommodations contributed significantly to income growth, showcasing evolving market dynamics.
  • Despite seasonal adjustments, the industry remains resilient, offering investment opportunities amidst consistent income growth.

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