Mbalo Brief – August 2024

The Olympic Games have once again captivated the world, showcasing the pinnacle of human  achievement in sports. As we marvel at the records broken, the medals won and the moments of triumph, let us not forget the true spirit of the Olympics – unity, perseverance, and the celebration of our shared humanity. The latest edition of the Games took place in Paris from 26 July 2024 to 11 August 2024. About 150 athletes represented Team South Africa during the country’s 21st appearance in the Olympic Games, winning six medals (one gold, three silver and two bronze). This is a notable increase compared with the Tokyo Olympics that took place in 2020, where the country only managed to bag three medals. On a statistical note, Statistics South Africa (Stats SA) published the Residential Property Price Index (RPPI) (statistical release P0160) on 8 August 2024. This measures the change in prices for all dwellings, including houses, townhouses and flats that are purchased by private individuals. The latest results show that the national RPPI increased by 3,5% in the 12 months to March 2024, with properties in the Western Cape registering the largest price increases. For more details on this release, please visit: https://www.statssa.gov.za/?page_id=1854&PPN=P0160

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