NEW: SA Property Prices Face Deflation Over Next 12 Months

South Africa's residential property market is facing a price deflation in the next twelve months due to the weakening rand and concerns about economic growth.














Economists have been warning consumers to cut back on expenses this year, after the rand hit an all-time low against the dollar two weeks ago. The rand slumped to a level of R17,99 against the US dollar.


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