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Wakefields Kloof Newsletter
Feb 2026
From my desk to yours...
Hi Subscriber,

South Africa’s 2026 Budget brings measured but meaningful relief for the property sector. Increased Capital Gains Tax exclusions, including a higher primary residence threshold, reduce the tax impact on property sales and estate planning, offering greater flexibility to homeowners and improved return potential for investors.

At the same time, stronger revenue collection has allowed government to withdraw proposed tax increases and keep VAT and corporate tax unchanged, helping to protect consumer spending power and business confidence.

While not a dramatic shift, Budget 2026 reinforces stability and creates a more supportive environment for sustained property market recovery.

Myles Wakefield | CEO
Wakefields Real Estate
Chairman's Choice
R2,150,000
residential
Waterfall beauty
This spacious home is perfectly positioned in Waterfall and offers the rare bonus of beautiful sea views. Recently upgraded, the property boasts an...
residential
R2,700,000
3 Bedroom Townhouse For Sale in Kloof  
residential
R2,850,000
3 Bedroom Townhouse For Sale in Kloof  
One of Our Own
Agent of the month
Kate Butler
Diamond Property Practitioner
Registered with PPRA (FFC . 0992030)
082 778 8852
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Know your neighbourhood
Morewood Activity Centre
Morewood is a membership-driven activity centre set on a 30-hectare farm in central Hillcrest. We offer mountain biking, trail running, walking and hiking routes, birding opportunities, and a dedicated kids’ play area.We’re also home to...
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This beautiful unit is a little piece of paradise, overlooking a tranquil conservancy within an exclusive 12-unit...
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