Latest news with #R334
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First Post
07-08-2025
- Business
- First Post
In South Africa, women are the real power in real estate, leaving men behind
The housing market in South Africa is shifting and it is because of women. A growing number of South African women are independently financing their homes. Standard Bank's Home Loans data indicates that women have consistently comprised 70 per cent of all home loan clients over the past decade, including both joint and sole applicants. Notably, nearly 40 per cent of all main applicants for home loans are now women, up from 37.9 per cent in 2015. STORY CONTINUES BELOW THIS AD This growing trend highlights women's increasing confidence and empowerment in achieving their homeownership goals, according to IOL. Earning more, investing more In the past two years, 66 per cent of female main applicants have purchased homes without a co-applicant. This demonstrates a significant move towards independent homeownership among women. There has been a 74.3 per cent growth in the average gross income for female main applications — growing from R38,000 in 2015 to R67,000 in 2025. This has also coincided with a 48.2 per cent increase in the average price of properties purchased by female main applicants from R800,000 in 2015 to R1.3 million in 2025. Additionally, the majority of women entering the property market are young with 74% of female main applicants being under the age of 45. This is also an indication that younger women are also increasingly investing in long-term assets. In Standard Bank's Vehicle and Asset Finance (VAF) division, women's share of the client base grew from 38.5 per cent in June 2015 to 43.9 per cent in June 2025. Women aged 31 to 45 accounted for nearly half of female sales in June 2025. Moreover, this increased spending is not just seen in the housing market. The average car purchase price among women in 2025 was R334,914, which is 6.5 per cent lower than the R356,972 average spent by men. STORY CONTINUES BELOW THIS AD Financial tools fuel access Standard Bank initiatives are also playing a role in this trend, supporting and encouraging asset ownership by financing upfront costs for first-time homebuyers and allowing clients to add and re-spread balloon payments if needed. Short-term insurance data reflects this shift, with women filing 51.1 per cent of claims, surpassing men in certain policyholder demographics. Women also dominate claims submissions among those who are divorced, accounting for 64.4 per cent of claims, while men represent just 35.6 per cent. Hayley Ivins-Downes, managing executive of Real Estate at Lightstone, noted the encouraging transformation in the real estate sector. The proportion of homes owned by women as sole buyers has increased from 30 per cent in 2014 to 39 per cent in 2025, while mixed couple ownership declined from 39 per cent to 30 per cent. Properties owned solely by women or jointly by women and men now account for 69 per cent of all ownership, while properties owned solely by men remain static at 31 per cent. STORY CONTINUES BELOW THIS AD This trend underscores a significant shift in consumer behaviour, challenging traditional stereotypes about financial decision-making in households, and highlighting the increasing role of women in South Africa's economy.
The Herald
26-05-2025
- The Herald
Three burnt bodies found near Coega
While conducting routine patrols Gqeberha police stumbled across a gruesome discovery when they found three burnt bodies near the R334, on the outskirts of the city. Members from the Swartkops police station were conducting routine patrols on Monday morning when they noticed smoke coming from the bushes, near the old Coega road, at about 7am. Police spokesperson Captain Andre Beetge said members went to investigate the origin of the smoke and came across the bodies. He said while the investigation was still in its early stages, it appeared the victims had been set alight with tyres placed around their necks. 'It is, however, unclear if this was the cause of death or if they were already deceased before being set alight. 'A postmortem is yet to be conducted to confirm their gender and to establish the cause of death.' Beetge said a murder investigation had been launched. Anyone with information that could assist with the investigation is urged to contact Detective Sergeant Thandiwe Sodladla on 073-676-4936. Alternatively, contact Crime Stop on 08600-10111, or the nearest police station. The Herald
