South Africa: Rates Hit Listed Property - AllAfrica.com

Nick WilsonJohannesburg

RISING involvement rates go on to buffet the listed place market, with the sector having now lost about 30% of its value since its extremum in November , composes Dent Wilson.

This is the greatest loss in value since the listed place sector cast 25% of its value from May to July 2006, when involvement rates started rising.

There appeared to be no end in sight to the sector's woes, with place analysts saying yesterday that listed place terms volatility would go on as long as involvement rates continued to increase.

Keillen Ndlovu of Stanlib Place Franchise said the FTSE/JSE SAPY index was 270,48 mid-morning yesterday , a 30% driblet from its extremum of 385,66 in November.

The sector have been experiencing increased volatility because of planetary marketplace sufferings and high involvement rates locally.