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Nedbank backs mall developments Nedbank Corporate Property Finance has provided R273 million and R1.36 billion loans for shopping mall developments in Gauteng and KwaZulu-Natal. Black investors enter townshipsIn a hotly contested bidding process, more than 700 township properties were sold under the hammer on Tuesday in Johannesburg at what is believed to be the biggest residential property auction ever held in South Africa. By Joan MullerExpectations for another interest rate cut in November On 21 November 2024, the Monetary Policy Committee will deliver their decision regarding the interest rate. With South Africa's inflation easing and global central banks cautiously beginning rate cuts, the overall sentiment is that there is likely to be a further cut of around 0.25%.