Radisson to build two new hotels in Joburg and Durban despite Covid-19 turmoil
The COVID-19 pandemic has accelerated Radisson Hotel Group Africa’s hospitality plans, pushing the company to invest billions in building new six new hotels in Africa, including two in South Africa.
Investing >>
Why Property Investors are going for ‘Aparthotels’
‘Aparthotels or serviced apartments are a relatively recent phenomenon growing in popularity among property investors wanting to mitigate risk.
Companies >>
Marc Wainer the founder of Redefine Properties is no more
Veteran property deal-maker and founder of the JSE-listed Redefine Properties (JSE: RDF), Marc Wainer has died.
Gauteng >>
The Leonard — Africa’s tallest building finally launches
The Leonardo, Africa’s tallest building finally opened its doors last week Tuesday, after several months of teasing.
Western Cape >>
DoubleTree by Hilton Cape Town unveils self-isolation rooms
In a bid to curb the spread of Coronavirus (Covid-19), JSE-listed Spear Reit, the owner of the DoubleTree by Hilton Cape Town, has unveiled sanitized sanctuaries and self-quarantine accommodation.
KwaZulu-Natal >>
Texton secures Truworths for prime Durban CBD space
Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.
Mpumalanga >>
R7bn to boost Industrialization in Mpumalanga’s Nkomazi
The recent designation of the Nkomazi Special Economic Zone (SEZ) in Mpumalanga will contribute significantly to the economic and industrial development of the Nkomazi region and the province at large.
Economy >>
South Africa's Repo rate slashed by 1%
In an attempt to offset the economic damage from the Covid-19, South Africa’s repo rate has been slashed by 100 basis points or 1% bringing the repo rate down to 4.25% on Tuesday morning.
Construction & infrastructure >>
Construction Industry continues to grapple with ‘Mafias’
SA’s distressed construction sector is facing a host of issues including the so-called construction mafia – popularly known as the “business forums”.
Infrastructure >>
2020 SA Budget: Government allocates billions on Infrastructure
South Africa is set to benefit from a multi-billion rand fund, which will be spent on national and provincial economic infrastructure requirements, according to the National Budget 2020 announced on Wednesday by Finance Minister Tito Mboweni.
International News >>
The new Coronavirus may spread through Building Pipes
Two residents of a Hong Kong apartment building have fallen ill with the new coronavirus even though they live on different floors from each other.