REI 15 YEAR ANNIVERSARY
The Nation celebrates as South Africa hosts the 2010 Soccer World Cup , costing the country ’ s wallet excess of US $ 3 billion on preparations . $ 1.1 billion was spent on building and redeveloping stadiums alone , while $ 1.3 billion was assigned to improving road , rail and air links and a further $ 392 million on the country ’ s main ports of entry .
South Africa ’ s average house price index was R1 036 396 at the time and R7,36 could buy 1 U $ Dollar .
2010 2011
The Real Estate Investor Magazine goes monthly from April 2011 and the team launched the digimag for the first time . Our editor at the time , Monique Terrazas , won the property journalist of the year award .
In 2011 South Africa ’ s prime lending rate hovered around 9 % and you needed R7.96 to buy 1 US Dollar at the time .
SA Real Estate Investor Magazine SEPTEMBER 2022 11