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Low cost owners may be millionaires The national property boom has resulted in first generation home owners being in line to become millionaires should current trends continue, said Cape Town Community Housing Company (CTCHC) chief executive Fungai Mudimu on Friday November 9th. Mudimu was specifically referring to paid-up beneficiaries of the CTCHC's low cost housing projects in nine locations around Cape Town. By Steve Kretzmann Property price: Why not to overprice when selling The price is usually the main draw card of a property and, if not priced correctly and offering value compared to the hundreds of properties available to buyers, it can delay the sale, Budget 2025: 0.5% VAT increase proposed for 2025 and 2026 To raise the revenue needed, the government proposes to increase the VAT rate by half- a percentage point in 2025/26, and by another half-a-percentage point in the following year. This will bring the VAT rate to 16 per cent in 2026/27.
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