May 2020

Amanzimtoti Property • Crisna van der Bank • RE/MAX Toti

MONEY CLINIC: Is it legal for our landlord to charge us a R500 late penalty fee during Covid-19?

An Amanzimtoti Property reader financially affected by the coronavirus outbreak has been charged a penalty every month for late rental payments. He wants to know if he is legally obligated to pay it. He writes: "My wife and I have been affected financially by the Covid-19 pandemic, just like everybody else. We have been making partial payments for our rent, but always clear the balance by the time...

5 Tips For Selling Your Home During The Coronavirus Pandemic

What the record low interest rates mean for consumers

The further easing of monetary policy by the South African Reserve Bank (SARB) has presented a golden opportunity for consumers looking to snap their dream house on the cheap and those looking to lower their debt servicing costs. The central bank today cut its lending rate by 50 basis points to a new record low of 3.75%. Andrew Golding, CEO of the Pam Golding Property, said the repo rate reduction...

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