What Fannie Forecasts for Housing in 2019

first_imgHome / Daily Dose / What Fannie Forecasts for Housing in 2019 Subscribe Sign up for DS News Daily Data Provider Black Knight to Acquire Top of Mind 2 days ago About Author: David Wharton May 17, 2018 16,898 Views David Wharton, Managing Editor at the Five Star Institute, is a graduate of the University of Texas at Arlington, where he received his B.A. in English and minored in Journalism. Wharton has over 16 years’ experience in journalism and previously worked at Thomson Reuters, a multinational mass media and information firm, as Associate Content Editor, focusing on producing media content related to tax and accounting principles and government rules and regulations for accounting professionals. Wharton has an extensive and diversified portfolio of freelance material, with published contributions in both online and print media publications. Wharton and his family currently reside in Arlington, Texas. He can be reached at [email protected] Tagged with: Economic and Housing Outlook Fannie Mae Home Prices Home Sales Housing Starts Share Save Previous: Mortgage Diversity Group Elects New Advisory Council for 2018 Next: The Evolution of Housing Wealth Demand Propels Home Prices Upward 2 days ago in Daily Dose, Featured, Journal, Market Studies, News Governmental Measures Target Expanded Access to Affordable Housing 2 days ago Related Articlescenter_img Data Provider Black Knight to Acquire Top of Mind 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago Servicers Navigate the Post-Pandemic World 2 days ago What Fannie Forecasts for Housing in 2019 Economic and Housing Outlook Fannie Mae Home Prices Home Sales Housing Starts 2018-05-17 David Wharton The Best Markets For Residential Property Investors 2 days ago The Best Markets For Residential Property Investors 2 days ago  Print This Post Demand Propels Home Prices Upward 2 days ago The Week Ahead: Nearing the Forbearance Exit 2 days ago Fannie Mae Economic and Strategic Research Group’s May 2018 Economic and Housing Outlook predicts continued economic growth throughout the rest of 2018. As we enter 2019, however, the GSE forecasts a potential change in that momentum.According to Fannie’s May 2018 Economic and Housing Outlook, the GSE forecasts 2018’s full-year growth to hold steady at 2.7 percent. Fannie’s Outlook also predicts the Fed will institute two more interest rate hikes before year’s end.“We remain confident that, despite a first-quarter hiccup, economic growth will pick up through the rest of 2018,” said Fannie Mae Chief Economist Doug Duncan. “There are signs that consumer spending is poised to strengthen in the months ahead, and we believe recent fiscal policy actions are likely to contribute to growth this year.” But for 2019, the Outlook predicts a deceleration to 2.3 percent growth.“Come 2019 … we expect the fiscal boost to fade, and we adjusted our forecast lower accordingly,” Duncan said. “We also note mounting downside risks to our projections, including growth-constraining protectionist trade policies and rising oil prices, among others. Meanwhile, housing’s upward grind should continue, despite a lackluster first quarter. We expect home sales to post modest gains both this year and next, as prices rise and affordability declines amid low for-sale inventory.”Fannie forecasts 1.3 million housing starts by year’s end, compared to 1.2 million in 2017. Single-family housing starts are expected to experience 7.9 percent year-over-year (YOY) growth in 2018, as compared to 8.6 percent in 2017 and a predicted 5.4 percent in 2019.Fannie anticipates new single-family home sales to grow 11.8 percent in 2018. In 2017, that number was 9.3 percent, but the forecast 2019 number drops all the way to 3.8 percent year-over-year. Existing-home sales are expected to remain mostly steady, with a predicted 1.5 percent YOY change in 2018 and 2019 forecast to come in at 1.2 percent.Total home sales are anticipated to come in at 2.5 percent YOY for 2018, with 2019’s forecast slipping to 1.5 percent, slightly below 2017’s 1.9 percent growth.To read all of Fannie Mae’s Economic and Housing Outlook data for May 2018, click here. Governmental Measures Target Expanded Access to Affordable Housing 2 days agolast_img read more

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3 Best Casino Software Providers

first_imgToday the gambling industry today is quite competitive and one of the key factors when choosing a casino is the quality and variety of content on offer. The owners of renowned online casinos partner with leading and trusted software developers in order to attract as many new customers as possible and retain a loyal audience. In this article, we are going to overview the top 3 gaming software providers that have already gained strong popularity and a nice reputation in the gambling community. Moreover, we will learn a bit more about the major criteria helping to pick the proper developer of casino games.#1 — MicrogamingSince 1994, the company’s products have been used in over 450 leading casinos worldwide. After analyzing the Microgaming casinos guide, we see the company’s portfolio includes more than 850 games such as table games, slot machines, live casinos, lotteries, and games for a mobile OS. The company’s operation is licensed by the UK Gambling Commission and the Malta Gaming Authority, two of the most authoritative regulators in the industry. The RTP rate is in the 96-97% range. The corporation applies HTML5, Java technologies in its software development. The products feature a variety of themes, an unconventional approach to graphics, as well as advanced 3D solutions.#2 — PlaytechThe developer began its work in 1999 and today it is one of the international leaders in online casino software suppliers. The company’s collection contains over 500 games, including various types of roulette, video poker, blackjack, and other card and table game titles. The company focuses on the development of high-tech solutions — there are already more than 120 in its collection. Experts praise Playtech’s products for their optimal combination of quality, functionality and also stand out among other vendors for their high-quality sound and graphics and multi-faceted bonus program.#3 — NetEntSwedish company NetEnt gained the love and indisputable authority among gamblers due to the variety of slots and the unconventional approach to the creation of each gaming project.NetEnt produces video slots, table games, live dealer games, and so on. For the latter, incidentally, NetEnt rents a special studio in Malta where professional dealers run live games (blackjack, baccarat, roulette, etc.) with online customers.And while the provider’s slots are considered the best ones today, the live dealer casino software also takes great positions. By the way, the most generous slot from NetEnt is Dead Or Alive and the least paying is Starburst. Therefore, if you want to win infrequent but large sums of money, it is advisable to play the first slot (only a player can decide on their own to play or not).What are the Criteria to Pick Gaming Software Developers?When choosing a gaming software provider, operators usually take into account many factors: country-specific legislation, the development of the gambling market, type of gambling, gamer activity, etc. Here is the list of factors that are important for reliable online casinos while choosing a gaming provider:How long the company has been operating in the gambling industry;Licence availability (the UKGC or MGA, for example);Technical background;Set-up possibilities;RTP figures (from 96% required);Available casino game options;Safety and reliability of software;Availability of all kinds of solutions, innovations for the casino;Payment methods and security;The Army of gamblers and fans that adore the software.All these criteria are ultimate points for casino operators and players as well. Choosing a quality software developer can be difficult. It is best to give preference to providers who have been in the business for a long time.last_img read more

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Data Geek: How to get more out of your organization’s referral program data

first_imgHere’s how it works:A person who was referred through your referral program comes to your website or brick and mortar store and proceeds to make their first purchase.  They happen to meet all of the conditions of the referral program, and just like that, loop closed, everyone gets rewarded.End of story, right? Not so much.Here at RewardStream, as an analyst, I can only see the transactional piece of the relationship. I see the referral going out and the referred person coming back, and depending on the program, I sometimes get to see the price or value of the purchase. The data analytics team here at RewardStream can do some pretty butt-kicking analysis with just that information alone.Now, that’s all well and good, and if your program is generating new business why bother digging further?You see, by making a referral, a customer is self-selecting. They’re putting their hand up, jumping up and down, and saying, ‘Hey! Look at me. I want to help you generate more customers! ’. They just answered THE question: ‘Would you refer our product or service to your friends and family?’ Not every one of your customers becomes a referring customer and by virtue of that fact, your referrers are extremely SPECIAL. In a good way. When things are special, data geeks like me want to know why. More to the point though, we want to know how to use this information to our advantage. continue reading » ShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblrlast_img read more

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3 ways to use the holidays to elevate financial literacy

first_img 34SHARESShareShareSharePrintMailGooglePinterestDiggRedditStumbleuponDeliciousBufferTumblr,Kyle Y. Swisher, III Kyle Swisher is Executive Director of the Credit Union Foundation MD|DC.  Mr. Swisher has led that Foundation over the past ten years in its mission to improve lives through … Web: www.cufound.org Details The holiday season presents the perfect “laboratory” to teach and apply financial literacy lessons.  There are three major “legs” to our holiday-inspired financial education scenario – 1) Budgeting, 2) Saving, and 3) Responsible Borrowing. BudgetingHoliday expenses are not a surprise.  They’re not like the washing machine breaking down. They’re on the calendar.  You can see them coming. You can budget.Guidewell Financial Solutions, the nonprofit consumer credit counseling providers, suggests starting with a common-sense approach – set spending limits.  Make a list, check it twice, and budget for each line in your expense chart.  Remember, it’s not just gifts that you splurge on during the holidays. There’s food, entertainment, travel, and giving to charitable organizations.  Writing down your holiday budget and tracking actual expenses make it real, the list creates a measurable recording of what we plan to spend against what we actually spend.To help you get your holiday expenses listed and categorized, The Balance Everyday created this downloadable online holiday budget form that gives holiday spenders a great head start.  SavingThe National Retail Federation estimates that consumers will spend an average of $1,007 during the 2018 holiday season, up 4.1% from last year.  For many families that kind of spending demands preparation to avoid going into debt. It requires a savings plan. Now is a perfect time for credit unions to promote holiday savings clubs; those “direct-deposit-into-a-holiday-lockbox” savings plans that help members prepare for their holiday spending sprees.  Add a premium dividend rate and members will benefit two-fold from this seasonal offering. A year from now they’ll have the savings they need and dividend growth as well.Prefer to go low-tech?  Try the “envelope method,” the tried-and-true savings system that’s been working for families for generations.  Not familiar? Financial education guru, Dave Ramsey, offers a great review here.Responsible BorrowingRetailers of the world love debt.  Your debt. You borrow money to buy goods and services and it’s you who’s strapped with the debt load, not the retailer.  CNBC reported shortly after last year’s holiday season that consumers who borrow for holiday expenses racked up an average of more than $1,000 in debt.  Make the minimum monthly payment of $25 on that debt and you’ll be paying off 2018 debt through 2024 (assuming an annual percentage rate of 15.9%).  And that debt will swell by another $500 in interest over that time.To help members get a grip on their debt load, many credit unions promote credit card consolidation loans right after the holiday season.  When paired with debt counseling, this approach can help members retire their debt faster and begin a savings plan to avoid future debt.Holidays provide ample opportunity to focus on the benefits of responsible personal finance.  Many of these basic principles are being taught through the Millionaire’s Club, a free program available to credit unions who partner with their local high and middle schools to help students become financially independent, starting at a young age. last_img read more

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Museums in Croatia have seen a large drop in visitors and millions in losses

first_imgA good indicator is Zagreb’s, globally most popular museum, the one with broken connections where the crown “ate” 85,9% of visitors, from last year’s 34.045 visitors in July and August fell to 4.788, which is not surprising because a comparison of Croatian Tourist Board data shows that In July 2020, the city of Zagreb recorded a decrease of 76% in tourist arrivals compared to the same month last year. Croatian museums, like those around the world, have been hit by an unprecedented crisis. Source: MDC / Photo: Una Laurencic, Pexels.com What this decline means to those museums that make serious money on tickets is best shown by the data provided to MDC by Darko Komšo, director of the Archaeological Museum of Istria. This museum earned HRK 8,4 million on tickets at all its sites last summer in July and August, and HRK 4,5 million in the same period this year. The loss of almost four million means that this agile museum lost almost 150 thousand euros every week this summer. The data will be even gloomier at the end of the year because the season is over, COVID is unfortunately not, school visits and excursions are on hold, and most of Zagreb’s museums remain closed. The Museum Documentation Center (MDC) conducted a survey on a sample of the most visited Croatian museums, among which those that traditionally bring the largest number of foreign tourists in the summer stand out. Already in the first wave of the pandemic, many museums reported revenue losses ranging from 75 to 80%, and large museums and those located in tourist areas counted losses in the hundreds of thousands of euros a week, according to the MDC. Klovićevi dvori Gallery, although collectively recording an increase of 13% from 17.555 to 19.861 visitors, in its comprehensive report explains that 17.000 visitors were “earned” by the changes caused by the pandemic and earthquake that moved our festival from June to July and returned to their outdoor spaces. on Grič and the Amadeo Summer Stage. When you look at the visit to the exhibitions in Klovićevi dvori and Kula Lotrščak, you can see that the visit dropped from 16.555 last summer to 1.361 this season. But at the beginning of the summer, when museums began to open and tourists arrived, the hope arose that the drop in visits would not be as significant as predicted. Although cultural tourism accounts for 40% of its tourism in Europe, a certain positive trend of tourist arrival did not affect the number of visitors to museums. Namely, only in July and August in Croatia there was a drop in visitors of 79,18 percent. After NEMO (Network of European Museum Organizations) published its conclusions in May this year research on the impact of COVID on museums predicting a “long-term dramatic drop in revenue” until the end of 2020. According to the annual statistics collected and analyzed by MDC in recent years, the Archaeological Museum of Istria in Pula and the Museum of the City of Split are the most frequently visited among the top five most visited Croatian museums, under which our most attractive ancient monuments are Arena and Diocletian’s Cellars, Dubrovnik Museums, and Klovićevi dvori broken connections. The Nikola Tesla Technical Museum and the Museums of Hrvatsko Zagorje are also very popular, but foreign tourists do not make up the majority of the audience. Dubrovnik museums in 2019 and August had 84.480 visitors, and this year 18.197 or a minus of 78,4%. Last year, the Museum of the City of Split recorded 99.761 visitors in the middle of the season in two months, and in 2020 15.589 or a drop of 84,3%. The Archaeological Museum of Istria, the absolute champion of attendance for years, lost 55,6% of visits this summer and fell in the summer months from 247.344 to 109.687. Although only at the beginning of 2021, when we collect statistical data for the whole of 2020 from all museums in the Republic of Croatia, we will be able to accurately determine the dimensions of the number of visitors, data on visits to these five museum houses, which annually attract a third of all visitors. in July and August, a decline of 79,18 percent was recorded, according to the survey. last_img read more

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Coronavirus spreading now in Korea has its origin in Europe, US

first_imgThe novel coronavirus spreading in South Korea now has its origin in Europe and the US, health authorities said Monday. The variant belongs to the GH clade, which is usually found in Europe and the US, according to an analysis on genome samples. This implies the virus could have been imported into Korea by those who entered Korea from those regions in March and April. “As we interpret it, the virus belonging to the GH clade is circulating recently because we had many arrivals from Europe and the US in March and April, and the virus imported then is now driving community transmissions,” said Korea Centers for Disease Control and Prevention Director Jeong Eun-kyung, at a briefing. The variants found in the genome samples in February and March, when the country saw hundreds of cases linked to a church in Daegu and hospital in North Gyeongsang Province at the peak of the COVID-19 outbreak here, belonged to the S clade and V clade. The virus in the S and V clades were circulated largely in China, where the coronavirus is believed to have originated from, and other parts of Asia. Touching on recent study results on the possibility of airborne spread of the COVID-19, Jeong said that the measures to prevent the spread of the virus stays the same, calling on the public to stick to the basic rules such as avoiding enclosed, populated environments, wearing masks and washing hands. This came after 239 scientists from 32 countries called on governments to acknowledge the aerosol transmission of the COVID-19 and take control measures in an open letter to be published this week. On Monday, Korea reported 48 more COVID-19 cases as the country continues to see small-scale outbreaks, infections coming from overseas as well as an increasing number of cases with unidentified routes of transmission.Half of the new cases, 24, were locally transmitted and the other half were imported. Of the locally transmitted cases, seven were registered in Gwangju in connection with a previously identified Buddhist temple cluster. Five cases were reported in Gyeonggi Province, five in Incheon, two each in South Jeolla Province, Daejeon and Seoul, according to the KCDC. Seven more people tested positive for the coronavirus in connection with the temple in Gwangju, bringing the number of related total infections to 87, according to the KCDC. A surge in cases in South Jeolla Province, which surrounds Gwangju, led the provincial government to tighten social distancing measures. Under the “social distancing level 2,” gatherings of 50 or more people indoors or 100 or more people outdoors are banned, and wearing masks is mandatory when using public transportation. Of the total cases reported in the past week, infection routes for 10.7 percent of the cases remain unidentified, Jeong said, adding “quiet transmission” among those in their 50s or over is taking place in the community. Korea reported 24 additional imported cases, 21 of them were from Asia and three from the Americas. Some 15 people detected at the airport quarantine screening and the rest while under quarantine after they entered the country from abroad.Out of the country’s total 13,137 cases, 11,848 people, or about 90.2 percent, were released from quarantine after making full recoveries. Some 1,005 people are under quarantine. One more patient died, bringing the death toll to 284. The overall fatality rate stands at 2.16 percent. The country has carried out 1,297,367 tests since Jan. 3, with 21,292 people being tested as of Monday.  Topics :last_img read more

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VAR wins but Chelsea frustrated by Arsenal stalemate

first_imgLondon, United Kingdom | AFP | Chelsea wasted a chance to take control of their League Cup semi-final against Arsenal as the misfiring Blues were forced to settle for a 0-0 draw in Wednesday’s first leg.Antonio Conte’s side dominated possession for long periods at Stamford Bridge — where the Video Assistant Referee system (VAR) was in operation — but lacked the killer instinct required to take a step towards the final.They had 21 shots to just eight from Arsenal, yet the tie remains on a knife-edge heading into the second leg at the Emirates Stadium on January 24.While it was a frustrating evening for Chelsea as they chase a first League Cup final berth since 2015, the stalemate was a welcome tonic for their London rivals.Arsenal, who also drew both Premier League encounters with Chelsea this season, suffered one of the most chastening defeats of Arsene Wenger’s reign on Sunday as second tier Nottingham Forest won 4-2 in the FA Cup third round.While Arsenal were well below their best once again, in contrast to their surrender in Nottingham, the Frenchman will be encouraged that they showed enough spirit to keep Chelsea at bay.Conte had mostly fielded fringe players en route to the last four, but Eden Hazard, back from a calf injury, N’Golo Kante and Thibaut Courtois were called upon with a Wembley showdown against Manchester City or Bristol City in sight.Wenger surprisingly left Alexis Sanchez on the bench amid talk of the unsettled Chile forward joining Manchester City, while Mesut Ozil missed out with a knee injury.Wenger was watching from the press box as he serves his touchline ban and the Gunners boss was shifting anxiously in his seat early on when Hazard’s pass gave Alvaro Morata an opportunity that he drove into the side-netting.After a tepid opening from Arsenal, Alexandre Lacazette escaped the Chelsea defence to collect Jack Wilshere’s pass, but the French striker wasted the chance as he scuffed a hurried shot wide.Chelsea wing-back Victor Moses forced David Ospina into action with a stinging drive that the Arsenal goalkeeper fumbled before recovering to snatch the ball away from Morata. – Ineffective –Moses was proving a problem for young left-back Ainsley Maitland-Niles and the Nigerian found space for another shot moments later, this time his low shot hit Ospina’s near post before Arsenal scrambled it away.Alex Iwobi was selected despite Wenger saying he could be fined for reportedly partying until the early hours of Saturday morning and the Arsenal winger almost repaid his manager’s faith with a drive that Courtois pushed away.When Maitland-Niles went down under pressure from Moses in the area, referee Martin Atkinson consulted the Video Assistant Referee, but no penalty was given.Fabregas should have given Chelsea the lead just before half-time, but the former Arsenal midfielder wastefully headed straight at Ospina from close-range.Andreas Christensen fared no better after the interval when the Chelsea defender dived to head over from inside the six-yard box.Chelsea were piecing together their most convincing spell of pressure, but they couldn’t find the finishing touch as Morata’s powerful effort was well saved by Ospina.Wenger’s response was to send on Sanchez for the ineffective Lacazette with 25 minutes left, yet within seconds Moses almost broke the deadlock when his goal-bound shot was deflected over by Shkodran Mustafi.When Christensen headed wide of an open goal after Ospina misjudged a corner, Conte must have feared it wouldn’t be Chelsea’s night.So it proved as Willian was denied by Ospina and Fabregas clipped a post in the closing moments.Share on: WhatsApplast_img read more

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England’s boys branch out to take lead over Wales

first_img Tags: Harley Smith, Hugh Adams, Jack Bigham, Jack Ingham, Josh Hill, Joshua Berry, Matthew Dodd-Berry, Reis Suart 21 Sep 2019 England’s boys branch out to take lead over Wales England’s boys team will take a commanding lead into day two of their international challenge match against Wales.The eight-strong Under 16 side lead 8-4 after an eventful first day against their rivals at a sun-drenched Newport Golf Club.As well as some excellent play and birdies galore, there was also some inventive golf on show – with Cheshire’s Mathew Dodd-Berry even climbing a tree on the 7th hole to play a shot and avoid a penalty drop during an afternoon foursomes win! (pictured below)All the groundwork was done by the boys in the morning singles.A 5.5 – 2.5 lead at lunch was no more than the team deserved with a number of noteworthy performances in the Welsh sunshine.Hertforshire’s Jack Bigham was first on the course and completed a 4&2 win against Connor Owen.Victories for Yorkshire’s Josh Berry and Dubai-based Josh Hill followed in games two and three before Wales clawed back two points. Dylan Thomas and Jamie Dean got the better of Hugh Adams (Worcestershire) and Dodd-Berry respectively.England, though, finished with a flourish as Jack Ingham (based in Holland) and Essex’s  Harley Smith romped to wins of 6&4 and 5&4 over rivals Sean David and Coalan Burford. Hertforshire’s Reis Suart then halved his game with Finlay Szafnauer.With the comfort of a healthy lead, the boys set about the afternoon foursomes with gusto.Bigham and Hill teamed up to earn half a point in a tight match with Welsh duo Reuben Bather and Connor Owen.Josh Berry and Adams dovetailed nicely to earn a tense victory on the final hole.Dodd-Berry and Ingham were far more comfortable in their 4&3 win against Jamie Dean and Burford. Dodd-Berry’s attempt at a shot from a giant oak reminiscent of the great Bernhard Langer at Fulford in the 1980’s. A tree-iron, perhaps?!Smith and Suart could do nothing to prevent the final game going the way of Wales by a margin of 3&2.England’s 2.5 – 1.5 winning margin in the foursomes now means that with eight singles scheduled for day two of the challenge match, the Under 16 squad just need 2.5 more points to guarantee victory.last_img read more

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A joule of an energy-efficient car

first_img27 October 2010South Africa, which builds BMWs and Mercedes Benzes for the US market, is in the thick of the race to deliver a truly practical – and stylish – electric car. Meet the Joule. The battery-operated six-seater was designed by local boy Keith Helfet, an internationally distinguished vehicle designer who, before opening his own consultancy, was a key designer at Jaguar.He was brought on board by mechanical engineer Kobus Meiring, CEO of the Joule’s Cape Town-based manufacturer Optimal Energy. Something of a legend in engineering circles, Meiring helped develop South Africa’s Rooivalk attack helicopter, and later project managed the Southern African Large Telescope, which was completed on budget and on time.The Joule debuted at the Paris Motor Show in October 2008 and has since received a facelift at the Milan-based Zagato Total Design Centre. It will comply fully with global safety standards, and Optimal is aiming for a five-star rating from the Euro New Car Assessment Programme.The Joule’s prototype phase is now complete, and the necessary modifications made. But before the commercial version hits the streets, further refinements and feedback from consumers and the media will be incorporated into a test fleet, which will be hand-built, like the prototype, by Hi-Tech Automotive in Port Elizabeth, in the Eastern Cape province.The Joule is expected to go into full-scale production at the end of 2013, to appear on showroom floors in mid-2014. The car’s South African price will be somewhere between US$32 300 (R220 800) and $39 000 (R266 600) in today’s terms, and export is also on the cards.The car is made of eco-friendly materials with a local content of at least 50%. It will also feature a roof-mounted solar panel as an option.Optimal maintains that charging the Joule will not place an extra strain on South Africa’s sometimes-fragile national electricity grid. The plan is for Joules to plug in to charge at night, as local utility Eskom has extra capacity between 11pm and 6am.With its battery range of around 300km, regenerative brake system, fewer moving parts and zero engine emission, the Joule is set to change the way South Africans drive.This article was first published in South Africa Now, a six-page supplement to the Washington Post produced on behalf of Brand South Africa. Download South Africa Now (PDF, 2.12 MB).last_img read more

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