KZN Provincial Treasury - Economic Statistics2014-08-08 Late payments pose a challenge
Property owners, landlords and investors in the commercial sector will probably not be surprised that the numbers for Q4 of 2013 indicate a drop-off in rent paid on time and in full. After all, the last quarter of every year seems to be traditionally a more testing time for commercial rent collection everywhere. TPN’s Commercial Rental Monitor, which covers office, retail and industrial rentals across South Africa, showed 81% of commercial tenants in good standing for this period. Good standing refers to the grouping of tenants combined from the following categories: Paid on time (57%), paid in the grace period (8%) and paid late (15%). Overall, late payments continue to pose a challenge nationally, as nearly 1 in 4 tenants paid rent after the due date, with the most negatively affected regions being the Eastern Cape and KwaZulu Natal where more than 1 in 3 tenants are consistently late payers. Click below link to view TPN Commercial Rental Monior:
TPN_Commercial Rental Monitor 2013 Q4.pdf - 0.7 Mb
A statistical summary of social grants in South Africa The fact sheet provides a statistical summary of social grants in the 9 regions (provinces) of South Africa which are: Eastern Cape (EC), Free State (FS), Gauteng (GP), KwaZulu-Natal (KZN), Limpopo (LP), Mpumalanga (MP), North West (NW), Northern Cape (NC) and Western Cape (WC) as at 31 May 2014. Social grants refer to Old Age grant (OAG), War Veteran’s grant (WVG), Disability grant (DG), Grant in Aid (GIA), Child Support grant (CSG), Foster Child grant (FCG) and Care Dependency grant (CDG). Click below link to view statistical summary:
SASSA 5-2014.pdf - 0.3 Mb
Upward trend loses momentum Residential property investment attractiveness moderates mildly of late, as yields decline on the back of relatively solid house price growth relative to rental growth. After slow house price growth from 2008 to late-2011 had allowed rentals to play some mild catch-up with residential property values, a period of improved house price growth performance through 2012 and the 1st half of 2013 translated into a resumption of yield compression (decline), thereby arguably diminishing the attractiveness of residential property as an investment purchase mildly. Click below link to view Property Barometer Report:
TPN_Property Barometer 2013 Q2.pdf - 1 Mb
Click below link to view rental Payment Monitor:
TPN_Residential Rental Monitor 2014 Q2.pdf - 0.2 Mb
Dr Clive Coetzee General Manager: Infrastructure Management and Economic Services KZN Provincial Treasury Economist (PhD UKZN) 033 897 4538 http://www.kzntreasury.gov.za/ |
KZN Provincial Treasury - Economic Statistics
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