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Gauteng & Western Cape July auctions In Rosebank, Johannesburg on 24 July properties valued at R190m will go under the hammer, with the Cape Town auction in Newlands on 25 July.Average ER price still under R1mThe East Rand property market is poised for take off, with awareness growing of the appeal of Gautengs most "user-friendly" area. By Eugene BrinkExpectations 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%.