Artist impression showing Radisson Hotel & Convention Centre Johannesburg, O.R. Tambo.

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.

Reserve Bank governor Lesetja Kganyago warned that monetary policy alone cannot spur economic growth, and that wide economic reforms are needed.

SA cuts rates again, by modest 25 bps

Investing >>

Romney Park, previously a five-star all-suite hotel in Green Point, now offers for fully furnished apartments.

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 (JSE: RDF), dies at the age of 71 in Johannesburg.

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 Leonardo, Africa’s tallest building finally opened its doors to the public after several months of teasing.

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 >>

Located in the Upper Eastside precinct in Woodstock, Cape Town, DoubleTree by Hilton is equipped with hygiene hampers and isolation facilities for self-quarantined citizens.

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 >>

Truworths has renewed its lease over 5,000sqm of retail space in a six-storey mixed-use building acquired by Texton in 2015.

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.

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 has been slashed by 100 basis points or 1% bringing the repo rate down to 4.25% on Tuesday morning.

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.