R1,4bn to pour into Ballito regional shopping centre

A R1,4 billion regional shopping centre development is being planned for KwaZulu-Natal's North Coast town of Ballito with the developers acquiring Ballito Junction Shopping Centre together with the adjacent undeveloped land and development rights.... Full story

Sun International to reduce its reliance on Africa

Casino and hotels operator Sun International, which recently was given green light to build a R3bn entertainment complex in Pretoria, aims to sell a portion of its interests in its African assets to a foreign subsidiary of Thailand-listed Minor International (MINT) for R664m.... Full story

Zuma signs Municipal Property Rates Amendment Act

South Africa's President Jacob Zuma has signed into law the Local Government Municipal Property Rates Amendment Act, the Presidency said on Sunday. ... Full story

NUM gets upset after Tsogo Sun hand overs R200m loan to directors

The National Union of Mineworkers (NUM) said it was unhappy after the gambling and hotel company, Tsogo Sun, which decided to give R200 million unsecured loan to five of its executives on an interest-free basis.... Full story

Listed Property / Investment >>

Resilient Property Income Fund lifts its dividend by 20.94%

Resilient Property Income Fund increased its dividend for the year to June by 20.94 percent to 168‚35c a unit, despite pressure on rental income caused by subdued growth in the South African economy.... Full story

Construction / Developments >>

Waterfall development expounds mixed-use benefits

The Waterfall development, spanning both sides of the N1 highway, from Buccleuch to Allandale Interchanges, has already secured developments valued at more than R7 billion, making this one of the fastest-off-the-ground mixed-use developments yet in Gauteng.... Full story

Leasing / Ownership /Management >>

Redefine Properties swallows Macsteel’s portfolio for R2.7bn

A month after hitching R2.1bn takeover of Annuity Properties and receiving an acquisition approval of Fountainhead portfolio valued at R12bn, Redefine Properties today said it concluded yet another acquisition of Macsteel’s property portfolio for R2.7bn.... Full story

Property Finance >>

New Cement maker enters the race for South African Market

Mamba Cement has entered the race for South African cement producing, after Nedbank Capital and the Bank of China Johannesburg provided R1.1 billion towards debt capital to fund the new China player into the market.... Full story

Property Auctions >>

Kyalami race track auction signals Investors’ appetite for prime property

Midrand’s Kyalami race track auction deal in which Porsche SA made the highest bid of R205m, is evident that the property market is moving again with deals being concluded particularly at auction events raising investor confidence.... Full story

Infrastructure / Energy >>

City Power electricity tariffs to rise 7%

Johannesburg — City Power had no choice but to pass on a 7 percent tariff increase to consumers, it said on Thursday after the National Electricity Regulator of SA (Nersa) approved hikes.... Full story

Legal and Policy >>

SA Property Owners seek deeper Government engagement on land reform

Stakeholders in the Commercial Real Estate industry represented by the South African Property Owners’ Association (SAPOA) are seeking for constructive engagement with the National Department of Rural Development on land reform.... Full story

Retail Property >>

SA food retailers fighting the good-for-you fight

Pick n Pay, it seems, intends to aggressively step up efforts to stop Massmart from expanding its food offering in Game stores across SA, prompting JSE-listed mall owners to call on the competition commission to intervene. ... Full story

Industrial Property >>

Dube Tradeport grows apace with R80m funding deal

Durban’s Dube Tradeport, a 2 840 hectare commercial development close proximity to King Shaka International Airport, grows apace with the funding of a new R80 million industrial warehouse development backed by Nedbank Corporate Property Finance.... Full story

Leisure and Hospitality >>

City Lodge full year HEPS seen between 8% and 13% higher

Providing a trading update on Tuesday, Hotel group City Lodge (CLH) says it expects full-year normalised diluted headline earnings per share (HEPS) to be between 8% and 13% higher than in 2013.... Full story

Housing / Residential >>

Residential property gaining popularity among SA REITs

Freedom Property Fund, which became the fourth property company to list on the JSE this year, last week said it had launched two major residential property developments aimed to boost the groups portfolio. ... Full story

Gauteng >>

Johannesburg lost R200m through power billing fraudulent activities

A year-long investigation into corruption and fraud cases costing R200 million in electricity revenue at the City of Johannesburg has resulted in 22 arrests, the executive Mayor of Johannesburg, Parks Tau said on Thursday.... Full story

Western Cape >>

Build low-cost housing instead of land sale — Cosatu

Trade union federation Cosatu has demanded that the City of Cape Town release the findings of an audit of the land it owns and wants it used for low-cost housing instead of being sold to property developers.... Full story

KwaZulu-Natal >>

R22bn Go Durban project forges ahead despite complaints

The construction of the first phase of the multibillion-rand integrated rapid public transport network system, known as Go Durban, is set to continue despite complaints from some businesses and landowners... Full story

Africa Property News >>

Botswana Property Market still worthwhile for Investment

Gaborone — Botswana's directly held investment property for commercial and residential sectors produced a total return of 21.4% last year, which is an improvement from 18.1% recorded for 2012, a study has revealed.... Full story

International Property News >>

InterContinental Hotels Group half-year profits slump

InterContinental Hotels Group said on Tuesday that its profits fell in the first half of the year but the owner of the Holiday Inn chain expressed confidence about the outlook.... Full story

Property Market >>

Retail Property maintains momentum despite subdued economic growth

When the going gets tough – the tough go shopping! This often used levity expression currently has a ring of truth to it as far as South Africa’s retail property market is concerned.... Full story

Economy >>

Unemployment surges while business confidence plunges

South Africa's Business confidence fell 87.9 in July the lowest level since September 1999, said the South African Chamber of Commerce and Industry (Sacci).... Full story

Company News >>

Positive interim results from Curro Holdings

Interim results released by PSG-controlled private education venture Curro Holdings yesterday went some way to restoring the market’s faith in its high growth proposition. ... Full story

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