The document summarizes recent economic developments in South Africa that could lead to an interest rate cut and impact the property market. Specifically, it mentions that the strong rand and lower-than-expected inflation figures make another rate cut likely in September. It also discusses factors driving the rand's strength recently. A rate cut could help the economic recovery but deeper cuts may have been more effective if implemented earlier.

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The strong rand and the recent surprising fall in inflation is generating
Developments scope for another rate cut. The rand has been relatively strong in the past From the Desk of Marcel
Winelands Properties few days while inflation fell more than expected to 4.2 percent in May. The Deacon
International Property unit expects a 50 basis-point cut in interest rates when the South African International Property
Property for Rent Reserve Bank's (Sarb) Monetary Policy Committee meets in September. Articles
Accommodation SA Events/ Things to do
Several factors have been driving rand strength, including a firmer euro,
News Cafe Recipes
strong inflows into the bond market and expected strong inflows from the
2010 Fifa World Cup possible sale of Dimension Data (Didata) to Japanese company Nippon
Property Finance Telegraph and Telephone.
Another rate cut would assist the moderate economic recovery but some
have pointed out that steeper rate cuts should have been made last year for
them to be more effective. We will just have to wait and see what will
happen in September.
Weekly Property Feature
CAPE TOWN - R399 000
HEROLDS BAY - R1 500 000 KEY FEATURES
• Tenants with 3 year contracts
Estate situated East of Herolds Bay is • Management Company ensure a
uniquely located. The estate is Hassle Free Investment
HEROLDS BAY - R1 890 000
wedged between the warm Indian • All Costs Inclusive
Ocean and Oubaai Golf Estate, an • Ground Floor Apartments have
Charming log home with
Ernie Els signature golf course. The large Enclosed Gardens
3 Livingareas, open plan kitchen,
dramatic cliffs with sweeping views • Kitchen Fitted with Oven, Hob &
walk-in pantry, 3 bedrooms, 3
towards Wilderness to the East and Granite Tops
bathrooms, study and double
Mosselbay to the West will leave you • Covered Parking
garage.
spell-bound. Across the Gwaing river • Communal Barbecue Area with
Read more.
on the eastern side you will find Le Swimming Pool
Grand George, a Greg Norman golf • Easy Access to Beaches, Shopping
course. Mall & Scenic Routes
Read more. • Remote Controlled Gate with
Guards
Read more.
New Release Property
Tramonto - Weddings & Events
PAARL - R16 000 000

2.
Award winning boutique hotel with an historic
homestead carefully restored to its former glory and
surrounded by manicured gardens in the hart of the
Cape Winelands. The hotel is voted of one of the top 10 PAARL - R14 500 000
Winelands sleepover destination and the restaurant is
selected as one of the top 100 in South Africa in the This magnificent property with a homestead designed by
prestigious Wine Magazine. The spacious luxurious Sir Herbert Baker is situated in the middle of the
rooms are individually furnished and have all facilities of winelands. Established gardens with lots of roses.
a 4 star hotel (some of the rooms have self-catering Beautifull views. Small vineyard. Country living close to
facilities). From the large terraces and pool gardens, Town.
guests may enjoy the sunrise through dappled oak trees Read more.
over the majestic mountains beyond. The hotel caters for
corporate as well as private functions and has a special
wedding planning service. Going concern, lock-stock
and barrel.
Read more.
From the Desk of Marcel Deacon
WHAT DOES SPORT MEAN TO PROPERTY
Global sporting events tend to not only significantly raise the status of the game, but
also property prices in the host city and bring with them a cornucopia of associated
benefits.
According to past international sporting events have proved that being a host city
brings investment in public infrastructure, urban regeneration, a significant social
impact and an increase in property values.
On average, the previous Olympic host cities of Athens, Sydney, Atlanta and
Barcelona all outperformed their national markets, with 19% higher property prices in
the five years leading up to the games.
Similarly, before and after the 2002 World Cup in South Korea, property prices
increased by as much as 55% over a one-year period before and after the tournament,
with properties near the stadiums rocketing by more than 100% in value.
The 2010 FIFA World Cup has and is going to have a dramatic impact on the country.
It is estimated that over 370,000 tourists visited South Africa during the World Cup.
They stayed an average 18 days and each spend around R30k (US$4,500), therefore
injecting much-needed money into the economy. Thanks to the World Cup, over R40bn
(UD$5,45bn) has been spent on upgrading the country's infrastructure, including roads,
airports and public transport as well as the stadiums.
The long-term benefits include the increase of tourism and the creation of thousands of
new jobs. This will, in due course, translate into thousands of new homebuyers and
owners.
Read more.
International Property
FLEURS DE CANNES - MAURITIUS
The Villas Fleurs de Cannes were designed according to the promoters and investors
expectations of a Tropical habitat. Fleurs de Cannes Villas honour the high standard expected
of a well designed house, both in functionnality , space, comfort, security and high quality
environment. Villa Fleurs de Cannes will definitely charm its owners.
17 T5 villas of 225 mm at the heart of a secured allotment with swimming pool/kiosk, overhanging a green valley.
Within a few steps of hot white sanded beaches and crystal clear lagoons of Grand Bay. Enjoy the sweeping views
and relax at your new recreational centre offering squash sports and a fitness room.
Be among the first to acquire one of the 17 Fleurs de Canness RES villas, a new real estate project to be developed
by Heritage Promo Ltd on a 8 352 mm site in the white sand beaches region of Northern Grand Bay. Enjoy
sweeping views of enchanting land of billowing sugar cane fields, breathtaking sunlit mountain ranges and
turquoise coloured lagoons.

3. sweeping views of enchanting land of billowing sugar cane fields, breathtaking sunlit mountain ranges and
turquoise coloured lagoons.
The villas Fleurs de Canness are designed so that their construction is in harmony with its landscape environment.
Only one type of villa was distributed across the plot, in order to adapt the construction as well as possible to the
weak slope ground. Constructions are established closest to natural ground.
Entry and exit to the residence are done through a principal access guarded by a security officer and is to the south-
east of the site. The principal alley which serves all 17 villas is planted with royal palm trees. The whole plot was
designed in such a way to guarantee a home feeling of peace, calm and serenity.
Read more.
Articles
SA's FASTEST RISING HOUSE PRICE CITIES
SHOULD I SELL OR RENT OUT?
House prices in the cities of Cape Town and
In a tight economy employees must go where the work is
Johannesburg have shown the steadiest increase of all
- but that raises questions about what to do with your
the major metropolitan areas in the country since the
property when you are offered a contract in another city or
turn-around from negative growth in the second quarter
country.
of 2009. This is according to the latest house price index
released by property research group Lightstone. The
The options need careful consideration. The benefit of
index (recorded until March 2010) also shows that
selling is that you make a clean break, while renting out
properties in the ‘affordable' band are performing well
your property means that you will have a home to come
above other bands like the ‘luxury' and ‘mid value' bands.
back to when the contract period is up - and that
hopefully that home will have appreciated in value in the
Although Johannesburg has led the pack in annualised
interim.
month to month house price inflation for 2010, the city's
figures took a dip from 8.7% in January and 9.2% in
For homeowners with a large bond outstanding on the
February to 8.6% in March. Cape Town however did not
property, however, selling is arguably a better option. The
see the same reversal. Figures for the Mother City were
costs associated with a rental property can swallow a
7.7% in January, 8.8% in February and 9.0% in March
large portion of the rental income, leaving the owner to
2010. In the February/March period figures for the rest of
make up the difference between real rental income and
the metros remained flat, accept for eThekwini which
the costs of servicing the bond. And that can be onerous
rose from 5.4% to 5.5%. The Nelson Mandela Metro
if he still has to pay his own rent - or service a bond on
fared the worst over this period declining from 2.0% to
another property - in his new location.
0.8%.
Read more.
Read more.
SOUTH AFRICA's TOP 10 SHOPPING CENTRES
SA WELCOMES UK ON VISAS
SA's TOP 10... shopping experiences
South Africa's Tourism Minister Marthinus Van Schalkwyk
Whether it’s fashion, food or fun you’re after, South Africa
has welcomed announcements by UK Prime Minister
plays host to a wealth of shopping malls, centres and
David Cameron regarding Britain's intention to review
lifestyle developments, each offering luxury, glamour and
aspects of its visa system
top-class retail therapy
Although Cameron did not commit to removing visa
V&A Waterfront
requirements for key source markets in his first major
speech on the topic to further mainstream tourism in the
Situated at the foot of Table Mountain, a stone’s throw
United Kingdom, he did indicate that "obstacles" to travel
from the CBD and on the edge of the lapping waters of
to the UK would be reviewed and that new technology
the Atlantic, the V&A Waterfront offers visitors an array of
would be deployed to streamline visa application
unforgettable experiences.
processes.
With a host of world-class shops, such as the recently
opened Nespresso coffee boutique and French couture
Van Schalkwyk said the "onerous" UK visa system has
label Etincelle Paris (which has its first and only store in
increasingly become a frustration for South African
South Africa at the V&A Waterfront) there is something
travellers.
fabulous to suit all tastes.
Read more.
Read more.
NEW HOTEL RANKING INTRODUCED SA GAINS FROM 2010 SECURITY PLANS
A new star-grading system comes into effect on October Although the 2010 Fifa World Cup came to an end
1 for most of SA’s accommodation establishments. The almost a month ago, the crime-prevention strategy used
move will overhaul the system that was put in place eight during its month-long run will continue, helping create a
years ago. safer, more secure South Africa.
Any seasoned traveller who has stayed in an SA hotel Police Minister Nathi Mthethwa told Parliament on 3
that was graded, say, four stars, yet had a stained August that the tournament “might have come and gone,
carpet, smelly pillows and a temperamental shower, but the security legacy in the fight against crime is still
has wondered how the owners managed to achieve benefiting the country”.
their rating. The Tourism Grading Council of SA, now
part of SA Tourism, is taking steps to address this kind The heavy investment in police resources and skills,
of problem and bring standards in line with guests’ which undoubtedly contributed to the success of the
changing needs, for example for technology or greater Cup, forms a major part of this legacy, according to
security. Mthethwa.
Read more. Read more.
MAKING YOUR HOME LOOK BIGGER
SA DRIVEN BY THE 2010 WORLD CUP
The latest oobarometer stats reveal that the average
purchase price growth among first-time buyers remains
Hosting the 2010 Fifa World Cup has undoubtedly
strong at 12.1 percent in June. This, together with the
benefited South Africa, with national pride, employment
continued easing in lending criteria, is good news for
opportunities, the economy and investor confidence all
potential homebuyers in South Africa.
receiving a welcome boost.

4. Due to economic restraints, however, many first-time
“Our hosting of the World Cup was, and has been, about
homebuyers are restricted to a small home or apartment
the creation of new realities and the destruction of old
property but, this should not deter them from investing as
myths and pessimism about South Africa, and indeed,
creating a sense of space is not difficult and does not
the rest of Africa,” said Finance Minister Pravin Gordhan
require the services of an expensive interior designer. By
at a recent dinner hosted by the International Marketing
making a few minor but effective changes to the interior
Council (IMC) and the Financial Times.
of a property you can easily maximise and create the
Read more.
illusion of space in smaller properties.
Read more.
Events / Things to do
NLR WINE TRADE SHOW
NISSAN CULLINAN MTB NLR Wines will be showcasing a variety of wines from
farms such as Diemersfontein, Hartenberg, Backsberg,
If you believe diamonds are a girl’s best friend then you Raka and Hermanuspieters Fontein (to name but a few)
will take to the MTN Cullinan National Marathon! The for tasting and purchase. Saturday will be the Grand
route traverses areas inaccessible under normal Finale and public open day where you are cordially
circumstances due to mining activities (come try your invited to join us at Tramonto Venue for what promises to
luck), and that is not all! Winding single and jeep tracks be a fun filled day. There is something to suite every
take you through pristine areas and over river crossings taste and perhaps the perfect opportunity for that family
where you can still stop and drink the water. outing or just a few friends and wine lovers alike
socialising together..
The route options are 120 km, 70 km, 40 km and 15 km,
each with its own excitement. The 120 and 70 km for the sporty there will be a 5km and 10 km fun
distances take riders through areas where plains game Run/Walk starting at 08h00 during which a hot breakfast
roam, and even past lion. You ride on the verge of a buffet and other food stalls will be open while you are
massive water fall and through a cave – you will not find waiting for and supporting your people. Prize giving will
better mountain biking than this! be at 11h00 after which you will be entertained by
Read more. Popular South African Band Watershed. Wine Trade &
Tasting will be open from 10h00.
Read more.
Recipes
FRENCH BEEF STEW
We have simplified this classic method by skipping the browning of the
meat. The result is more tender meat with less shrinkage. It is most
important to buy the recommended cuts of meat which are high in connective
tissue. The anchovy in the recipe really sparks the beefy flavour of this stew.
The gelatine gives a glossy sheen and lovely body to the sauce. Serve with
French bread to soak up the divine sauce and a green salad dressed with
French Vinaigrette.
500 g chuck or well trimmed boneless brisket
1½ cups (375 ml) red wine
3 garlic cloves, crushed
1 bouquet garni
3 T (45 ml) butter (be generous - this is French cooking!)
1 small onion, chopped
2 medium carrots, peeled and sliced
1 T (15 ml) flour
½ cup (125 ml) water
1 t (5 ml) Ina Paarman's Beef Stock Powder
2 T (30 ml) Ina Paarman's Tomato Pesto
Ina Paarman's Garlic Pepper Seasoning
125 g rindless streaky bacon, cut each rasher into 4 pieces
4-5 shallots or pickling onions, peeled but left whole
100 g small button mushrooms
2 anchovy fillets, mashed
1 t (5 ml) galatine powder soaked in 2 T cold water
Read more.
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