Although South Africa"s mining and manufacturing industries have been more greatly impacted by the recent stock market crashes , the residential property market could also be adversely affected as buyers lose confidence in the economy and unemployment levels potentially rise , John Loos of the SA Business Insider has claimed . Estate agents have already seen a drop in real estate activity levels throughout 2015 , as well as a slowing in house price growth , and China"s crashes could turn slow growth to " all out decline " ; the extent of the decline depends on how well China recovers from so - called " Black Monday " .
Although South Africa"s mining and manufacturing industries have been more greatly impacted by China"s recent stock market crashes, the residential property market will also be adversely affected as buyers lose confidence in the economy and unemployment levels potentially rise, John Loos of the SA Property Insider has claimed. Estate agents have already seen a drop in real estate activity levels throughout 2015, as well as a slowing in house price growth, and China"s crashes could turn slow growth to "all out decline"; the extent of the decline depends on how well China recovers from so-called "Black Monday".