Latest news with #Everitt
IOL News
08-07-2025
- Business
- IOL News
Trump's tariffs rattle SA economy but open new doors for real estate investors
US President Donald Trump's decision to impose a 30% tariff on all South African imports from August is expected to weigh on the economy, hit major exporters, and put pressure on the property market in the short term. US President Donald Trump's decision to impose a 30% tariff on all South African imports from August is expected to weigh on the economy, hit major exporters, and put pressure on the property market in the short term. However, the shift in global trade dynamics could support South Africa's longer-term diversification efforts and bring new activity into the real estate sector. President Cyril Ramaphosa said the 30% tariff is based on 'a particular interpretation of the balance of trade between South Africa and the United States' and that government remains engaged in 'ongoing negotiations' to secure sector-specific reductions. Chas Everitt International CEO Berry Everitt says the US tariff will impact South African competitiveness, which is likely to cause a drop in demand for goods that will have repercussions not only for the South African exporting companies and their employees but also for the broader economy and the real estate market. The US is South Africa's second-largest bilateral trading partner, with $14.7 billion in exports last year and $5.8 billion in imports, a trade deficit of $8.8 billion for the US, said Everitt. 'We do expect the real estate sector to feel the effects of the US tariff decision for at least a few months while businesses adapt. There could be job losses in the export-driven industries, and the banks are likely to be more cautious about approving home loans,' Everitt said. 'This will slow demand for both residential and commercial properties and cause many investors and developers to press pause on new projects,' he added.
IOL News
08-07-2025
- Business
- IOL News
How the US's 30% tariff on South African goods could impact property prices
South Africa's real estate sector is expected to feel the effects of the US tariff decision for at least a few months while the country's businesses adapt. On the other hand, it could also create exceptional opportunities for astute real estate buyers and investors, according to Berry Everitt, the CEO of the Chas Everitt International Property Group. If South Africa is unable to significantly increase its exports to other countries, the United States' 30% tariff on all the country's imported goods could set back the local property market. He noted that the new tariff level will make SA goods more expensive and thus less attractive for US consumers to buy "and so is likely to cause a drop in demand that will have repercussions not only for the South African exporting companies and their employees but also for the broader economy and the real estate market". The international property group said the US is currently SA's second-biggest bilateral trading partner, with total goods trade amounting to $20.5bn in 2024. South African exports to the US were valued at $14.7bn, while imports stood at $5.8bn. This resulted in a trade deficit of $8.8bn for the US, which US President Donald Trump regarded as untenable. This was made clear in a letter he sent to SA President Cyril Ramaphosa on Monday, which also warned that if SA were to respond by raising its tariffs on US imports, the amount of that increase would be added to the 30%. "The new tariff level threatens key export sectors, notably automotive, agriculture and mining, all of which are major employers, and initial projections are that this move will immediately reduce South Africa's economic growth by around 0.3 percentage points," says Everitt. "In addition, the decision has already weakened the Rand, which will make it more expensive for SA to import certain things that it needs, such as fuel. This will push up prices and inflation for SA consumers and lessen the chance of future interest rate cuts." However, he points out that many SA exporters are already exploring alternative markets, leveraging agreements like the African Continental Free Trade Area (AfCFTA) to bolster intra-African trade and reduce dependency on the US market. He said SA's membership of the BRICS+ trade group, which is currently meeting in Brazil, may also assist local exporters in finding large new markets, especially in China, South East Asia and the UAE, to offset the US trade they lose. And China, for example, announced last month that it was removing all tariffs on imports from the 53 African nations with which it has diplomatic ties, a move that will make SA products cheaper, and more attractive, to Chinese consumers. "Meanwhile, we do expect the real estate sector to feel the effects of the US tariff decision for at least a few months while SA businesses adapt. There could be job losses in the export-driven industries, and the banks are likely to be more cautious about approving home loans," Everitt said. He said this will slow demand for both residential and commercial properties and cause many investors and developers to press pause on new projects. "The other side of this coin, though, is that property price growth will stabilise for a period and create opportunities for those who have a positive view of SA's longer-term future, as we have, to negotiate with sellers and buy at prices that will prove to be highly advantageous. "What is more, we believe many buyers will soon find the real estate market one of the better places to invest as stock markets around the world become more volatile in response to the shifting US tariff scenario. "As a member of Leading Real Estate Companies of the World, we have seen how similar scenarios play out in other countries, and are able to provide sound advice to both buyers and investors seeking to maximise the opportunities now developing in the SA market," Everitt said.
South Wales Argus
13-06-2025
- Entertainment
- South Wales Argus
Friendships driving Pulse success for Sophie Kelly
The goal attack believes it is a success built on friendships on and off the court which have instilled a trust and fearlessness that has allowed the squad to conquer all their foes. Pulse sit top of the Netball Super League and know a win on the final day will secure that place, and with it the top seed into the play-off semi-finals. 'The team is full of people who work so hard and we all have the same ambitions,' explained Kelly. 'We are quite a young team but that works to our advantage. We're fearless, so we're not scared to go and try new things. 'It's been really enjoyable. When we go out there, we all make sure we're enjoying our time playing as well as fighting to win and I think that really helps us push on. 'There are so many people in the team I look up to. Zara [Everitt], Liv [Olivia Tchine], everyone has got something which I can look up to so that's really great. 'I've spent a lot of time with Darcie [Everitt] because we share a hotel together and she's now one of my closest friends but I get on really well with everyone. 'We've had lots of social times and I have a great relationship with Liss [Alicia Scholes], which is really lovely because we play goal attack/wing attack together so that helps. 'The vibe of the team does help a lot. We all get each other's jokes, we all feel the same way about certain things so yeah, it's really nice.' The 21-year-old is tasting success in her first season in the capital, having made the switch from Team Bath last year, but is still commuting from the south west. She is currently in the third year of a management degree at the University of Bath but travels to London twice a week, where she stays with Darcie Everitt, who commutes from Loughborough, to train on top of games at the weekend. It is a commitment that has certainly paid dividends. London Pulse have lost just twice this season, securing victory over every team in the league at least once. Such results leave them well-placed to secure a home tie against Loughborough Lightning in the major semi-final, with a direct route to the Grand Final on the line, in what will be Kelly's first appearance in the play-offs. 'It would mean absolutely everything. From the start of the season we have set out to win the league and we fully believe we can so this is just another step on the journey,' she said. 'For me personally, playing at this high level in such competitive games is something I haven't really experienced in the NSL yet, so it's given me so much experience. '[I need to] just focus on what we're doing, our processes, and not put too much pressure on myself knowing that it's a semi-final. 'But at the same time we do have to acknowledge that it is a very important game so it's about calming the nerves and connecting with everyone. When we all come in together, help each other and settle down, that's when we play at our best." That emphasis on team bonds remains strong for Kelly, though her own individual displays have also impressed for Pulse this season as she has drawn on her prowess in sinking shots from range. She boasts a goal tally of 61 so far this season, earning her first full 60-minute for Pulse display during their crucial round 13 win over Manchester Thunder. 'I've always been known for those long shots, so when they introduced the Soft & Gentle Super Shot I was like, 'Oh this is brilliant because I can just shoot like normal and get two points for it,'' said Kelly. 'In our team, all three shooters are strong from long-range which is amazing because even if one person's not having a great day, the other two will come on and put up those long shots. 'Beating Thunder by 10 points goes to show what we can do as a team. We had a bit of a blip in the second quarter but we said it was really important to show that when it does get tight we can still grind out the win. 'When it does get close, we don't just give up, we keep on pushing on. So that was really, really important to focus on.' Kelly's form has been rewarded with a call-up to the England training squad for the Netball World Youth Cup (NWYC) and the Future Roses programme, with the final NWYC squad to be selected and announced in due course. It is another step on an ever-soaring trajectory for the youngster but once again it will be her teammates that remain fundamental to her development. 'It's always great to be selected by England. It shows that your hard work is paying off so it's really, really nice. I love going up and spending time with all the girls from England,' said Kelly. 'Lots of the England connections have been developing for a while because we've been in an academy together for years. 'We always have such a great time and the training is obviously so amazing. It gets you so fit over summer, so that's really good, and I've always wanted to play in the Under-21 World Youth Cup. 'I was born in 2004 so that makes me the oldest age eligible and when I realised I was like, 'Oh my god that is what I have wanted to do since I was about 15.'' To keep up with the latest news, make sure to follow the @NetballSL on X, Instagram and TikTok, Netball Super League on Facebook and LinkedIn, and subscribe to our newsletter. The NSL Grand Final will be held at The O2 on 6 July for the first time ever. Get your tickets to experience live elite netball!
Scotsman
02-06-2025
- Sport
- Scotsman
All change at Edinburgh Rugby as 164-cap quartet play final game
Everitt confident new signings can help club continue progressing Sign up to our Rugby Union newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... Sean Everitt is confident the influx of new players at Edinburgh can help them build on the progress they made over the course of a season which saw them qualify for the United Rugby Championship play-offs and reach the semi-finals of the Challenge Cup. The campaign came to an end in South Africa on Saturday with a 42-33 defeat by the Bulls in the quarter-finals of the URC. It was the first time since 2022 that Edinburgh had made it as far in the competition and although they started and finished strongly in tough conditions at Loftus Versfeld they were undone by a decisive spell either side of half-time which saw them concede 31 unanswered points. Advertisement Hide Ad Advertisement Hide Ad It was the final Edinburgh game for a handful of senior players, with Jamie Ritchie, Mark Bennett, Ali Price and Javan Sebastian all bowing out. The quartet has amassed 164 Scotland caps and Edinburgh are losing a lot of experience. In addition, fellow internationals Dave Cherry, Emiliano Boffelli, Matt Scott and Jamie Hodgson are also leaving along with Robin Hislop, Jake Henry, Nathan Sweeney and Jack Hocking. Magnus Bradbury of Edinburgh is tackled by the Bulls' Sebastian de Klerk during the URC quarter-final at Loftus Versfeld. | Getty Images In their place comes a number of new faces, only one of whom is a full international. Scotland hooker Dylan Richardson has signed from the Sharks, and Scottish-qualified props Rhys Litterick, from Cardiff, and James Whitcombe, from Leicester Tigers, are also joining. In addition, wingers Malelili Satala and Finlay Doyle are coming from Leicester and Loughborough University, respectively, along with utility back Piers O'Conor from Connacht, centre Charlie McCaig from Exeter Chiefs and loosehead Ben White from Melrose. It is a big turnover of personnel but Everitt believes they can bed in quickly. 'I'm very confident,' said the Edinburgh coach. 'Obviously, there's a lot of work to do with the youngsters that we have in the group. There's quite a long way between now and the first game and a lot of hard work. What we mustn't do is forget the amount of work that we've put in now and the progress that we've made so that we can hit the ground running in round one against Zebre away from home, which is going to be a tricky fixture. Advertisement Hide Ad Advertisement Hide Ad 'We are building from within our structure, so it's not as though we're going to lack cohesion. If anything, it's going to bring Edinburgh Rugby a lot of energy, having new faces around and some of the new players that we're bringing in have played top-level rugby in the English Premiership. Whitcombe has played there and Rhys Litterick is playing for Cardiff. Cardiff just missed out on the play-offs and then Piers O'Conor has done really well and played every game except one, I think, for Connacht. That will bring something different to the group, so it's actually exciting times for us.' Reflecting on the season, Everitt felt his squad grew over the course of a campaign which had several peaks and troughs but ended with Edinburgh producing some of their best rugby to beat South African sides the Lions and Bulls in the Challenge Cup and then securing the back-to-back bonus-point wins over Connacht and Ulster they needed to make the URC play-offs. The low points were a 55-21 drubbing by the Lions in Johannesburg and their failure to win either of the games with Zebre. Honours were even with Glasgow at one win apiece although Franco Smith's side retained the 1872 Cup on aggregate. Jamie Ritchie, right, in his final game for Edinburgh, sprints to close down David Kriel of the Bulls in the URC quarter-final. | Getty Images 'It's been a challenging season,' said Everitt. 'We had a tough start with Leinster at home at full strength and getting on the plane the next day and coming to South Africa for two games. And then we pulled it together quite nicely up until the international break in November. Advertisement Hide Ad Advertisement Hide Ad 'We staggered along. We were good but we were inconsistent in our performance as well and didn't always get the results. But if you look at what the guys have achieved to get where they were and then to get into this position of the quarter-final, their efforts have to be commended. 'It's not easy to go into the last two rounds of competition needing 10 points to qualify. So, the fight that this team shows is really encouraging. "We've got a good environment. The players are proud of playing for Edinburgh. We saw that on Saturday. I know we fell short but those are the positives we can take out. There's a lot of growth that has taken place over the season. So, you can't look at this game in isolation. 'And we're certainly excited about what we can bring next year.' Advertisement Hide Ad Advertisement Hide Ad Scorers: Bulls: Tries: Hanekom, Kriel, Vorster, Moodie, Johannes, Nortje. Cons: Johannes 3. Pens: Johannes 2. Edinburgh: Tries: Goosen 2, Thompson 2, Ashman. Cons: Thompson 4. Yellow cards: De Klerk (Bulls, 3min), JF Van Heerden (Bulls, 59min), Thompson (Edinburgh, 60min). Bulls: W le Roux; C Moodie (D Williams 14-23, 50-64), D Kriel, H Vorster (S Gans 64), S De Klerk; K Johannes, E Papier (Z Burger 62); J-H Wessels (S Matanzima 64), J Grobbelaar (A van der Merwe 48), W Louw (M Smith 64), C Wiese (J Kirsten 69), JF Van Heerden, M Coetzee (M Van Staden 48), R Nortje, C Hanekom (M van Staden 34-42). Edinburgh: W Goosen; D Graham (M Bennett 5-14), M Currie, J Lang (Bennett 52), H Paterson; R Thompson (B Healy 71), A Price; P Schoeman (B Venter 50), E Ashman (P Harrison 59), D Rae (J Sebastian 20-30, 50), M Sykes, S Skinner, J Ritchie (B Muncaster 52), H Watson, M Bradbury (L McConnell 73). Replacement: C McAlpine.
Scotsman
31-05-2025
- Sport
- Scotsman
Edinburgh Rugby fail to make history as season ends sharply amid emotional farewells on Highveld
Everitt's men lead at break - but South Africans roar back in play-off Sign up to our Rugby Union newsletter – Regular news stories and round-ups from around Scotland direct to your inbox Sign up Thank you for signing up! Did you know with a Digital Subscription to The Scotsman, you can get unlimited access to the website including our premium content, as well as benefiting from fewer ads, loyalty rewards and much more. Learn More Sorry, there seem to be some issues. Please try again later. Submitting... A three-try salvo at the start of the second half delivered a fatal blow to Edinburgh Rugby's hopes of making history in the United Rugby Championship and brought their season to an abrupt end. Sean Everitt's side had taken the game to the Bulls in their own backyard, starting with energy and confidence at Loftus Versfeld. They led 21-8 after 29 minutes through three converted tries but conceded 31 unanswered points thereafter to lose their grip on this quarter-final. Advertisement Hide Ad Advertisement Hide Ad Edinburgh had never won a knockout tie in the URC and they will have to wait another year for their next crack at it. The Bulls proved too strong in the end, winning an 11-try thriller 42-33 to secure a home semi next weekend. Bulls' Cameron Hanekom barges through the Edinburgh defence. | Getty Images The match brought the curtain down on a number of illustrious Edinburgh careers as Jamie Ritchie, Ali Price, Mark Bennett and Javan Sebastian played their final game for the club. All played a significant part as the visitors made sure they left it all out there on the Highveld. To score five tries at altitude is no mean feat but the Bulls went one better and were ultimately too strong for the enterprising visitors. Reaching the play-offs feels like progress for Edinburgh and they also made it to the quarter-finals of the Challenge Cup, a big improvement on last season when they laboured to 10th place in the URC. Ross Thompson has proved to be a key signing and the former Glasgow Warriors stand-off really stepped up in Pretoria, scoring two tries and landing four conversions before a yellow card stymied him. Wes Goosen also bagged a double and there was a try from Ewan Ashman as Edinburgh tried to claw their way back in the second half. Advertisement Hide Ad Advertisement Hide Ad Early flashpoint It was compulsive viewing and the first flashpoint came after only three minutes. As Darcy Graham chased his own chip up the right wing he was taken out by Sebastian de Klerk who turned his shoulder into the Edinburgh winger's face. Play continued but referee Adam Jones went back for another look and sent the Bulls man to the sin-bin. Edinburgh plundered 14 points while he was off the field, scoring two excellent converted tries through Goosen and Thompson. The first came in the fifth minute as the visitors built the phases then worked it wide, with Hamish Watson finding Goosen. The second score was even better. After a big carry by D'arcy Rae, Edinburgh slipped the ball out to Thompson who sold the Bulls a dummy before darting over. In between, Keagan Johannes landed a penalty for the hosts. Ali Price tries to clear the ball for Edinburgh. | Getty Images The return of de Klerk sparked the Bulls into life and Cameron Hanekom got them back into the game, powering between Ashman and Harry Paterson to score their first try after a lineout maul was halted on the Edinburgh line. Advertisement Hide Ad Advertisement Hide Ad It was hot at Loftus Versfeld and tempers began to boil over. Ritchie was involved in a scuffle on the floor and referee Jones had a word with both captains. The Bulls were awarded a penalty but Ritchie made amends immediately with a trademark turnover. The altitude, weather and backing were all in the home side's favour but it was Edinburgh who were full of vigour and they scored a delightful third try. It was an intricate lineout move which saw the ball skilfully worked out to Thompson was spun away from his would-be tackler to notch his second. Edinburgh brittle lead With half an hour on the clock, Edinburgh were 21-8 ahead and it seemed too good to be true. Two Bulls tries in the final eight minutes of the half was therefore something of a reality check. Willie le Roux created the first for David Kriel and then Harold Vorster finished off a devastating Bulls break after a well executed chip and chase from de Klerk. Both conversions were missed - Johannes the first and Kriel the second - and it meant Edinburgh preserved a fragile 21-18 lead at the turn. It wasn't to last. The Bulls moved ahead for the first time in the match and scored three quickfire tries at the start of the second half to all but kill off Edinburgh. Advertisement Hide Ad Advertisement Hide Ad Le Roux is a wily operator and he drew Graham out of the line before delaying his pass to Moodie to score. Johannes, back on kicking duties, converted and suddenly everything was coming up roses for the fly-half who then scored a try of his own, dancing his way through a tired Edinburgh defence. Their superiority was confirmed when Ruan Nortje bulldozed his way over as the Bulls moved 39-21 ahead. Bulls' David Kriel looks to evade the attentions of Edinburgh's Jamie Ritchie. | Getty Images Edinburgh, to their credit, found a second wind and they scored two more tries to drag themselves back into contention. Ashman piled over from close range and Thompson converted to reduce the lead to 39-28 and there was the added bonus of a yellow card for Bulls lock J F Van Heerden for persistent offending. Unfortunately, Edinburgh then butchered the restart and Thompson deliberately knocked on in an attempt to stop the Bulls scoring a seventh try. He too was sent to the sin-bin and Johannes kicked the penalty to make it 42-28.
