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South Africa’s repo rate was left unchanged at 12 percent per annum at the Reserve Bank’s Monetary Policy Committee meeting in Pretoria today.
 
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INDUSTRY NEWS ARTICLE

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Top speakers lined up for IEASA conference 
(IndustryJOHANNESBURG (August 18) - The best response to difficult trading conditions such as those currently being experienced worldwide is to trade yourself out of your problems.
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Big buy-in by RealNet managers 
(IndustryPRETORIA (August 14) – Five five senior managers of RealNet Holdings have demonstrated their confidence in the future of the company – and the property market - by collectively purchasing a 24% shareholding in the group, according to a media release.
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Agencies advised to overhaul advertising budgets 
(IndustryCAPE TOWN (August 08) – As a serious cost saving measure real estate principals are being advised to ruthlessly overhaul their advertising strategies, by one of the industry’s marketing experts.
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Top US trainer says agents need to be a local expert 
(IndustryDENVER, Colorado (July 28) - In a changing real estate market, Howard Brinton says, it’s not the change that causes problems – it’s how you handle the change. And a key to handling it well is good old-fashioned research.
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IEASA conference to celebrate industry unity 
(IndustryPRETORIA (JULY 24) - The Institute of Estate Agents of South Africa (IEASA) has announced that the theme for its national conference this year will be “Unity is Strength”.
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Property24 announces rental management system 
(IndustryJOHANNESBURG (July 23) - Property24 today announced in a company press release the acquisition of a rental management system, which the company plans to add to its current software offering for estate agencies. With high interest rates, less affordabi
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Agents urged to qualify in sectional title sales 
(IndustryLYDENBERG, Mpumalanga (July 13) - With developers and buy-to-let investors pouring into Lydenburg in the wake of the area’s mining boom, there is an urgent need for local estate agents to obtain specialist knowledge and qualifications in sectional title p
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Lew Geffen Sotheby’s honours its top agents 
(IndustryJOHANNESBURG (July 06) - Sandton estate agents Stan Rosenberg and Marc Wachenheimer have been named as this year’s top producers among the Lew Geffen Sotheby’s International Realty team working in greater Johannesburg.
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New training requirements will shrink industry, says Homenet 
(IndustryDURBAN (July 06) - In future it will be neither easy nor cheap to qualify as an estate agent – and further consolidation of the industry into big real estate groups that can manage and afford the necessary training is on the cards as a result.
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Homenet launches new business package for franchisees 
(IndustryDURBAN (June 29) - The times are changing rapidly for the real estate industry and while training and branding will remain important, the real key to estate agency success in future is going to be the business acumen of the principal.
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