Investment volumes in South Africa’s real estate saw a 55,2% increase in 2016, despite challenging economic conditions, weak currency and political uncertainty.
There was very little in the way of positive news for South Africa’s listed property investors as the sector is down 1% in the year-to-date due to a number of reasons.
Minister Pravin Gordhan had a difficult budget speech to deliver as the economy struggles through its largest under performance since the 2009 recession, with the added challenge of a R30.4bn tax shortfall.
Despite consumers’ seemingly waning appetite for retail therapy, Alex Mall, featuring numerous popular clothing and interiors brands, was officially opened on Wednesday by Johannesburg Mayor Herman Mashaba.
Western Cape >>
A new R1 billion mixed-use development in Cape Town CBD has been given the go-ahead despite facing objections.
The much-awaited Ballito Junction Mall located in KwaZulu-Natal's North Coast holiday town of Ballito, will be opening to the public on Thursday, March 23 despite other Mall Owners feeling the pinch amid dwindling consumer spending.
Ratings agency, Standard & Poor’s global on Monday announced South Africa's sovereign credit rating has been downgraded to junk status, following the removal of finance minister Pravin Gordhan.
General News >>
SA Commercial Prop News, once again scooped the best digital publication of the year at the 2016 South African Property Owners Association (Sapoa) Property Journalism Awards — which were presented at galler dinner in Johannesburg.
SA’s largest cement maker PPC recently announced that it has revived merger talks with its competitor AfriSam, after valuation rows in 2014 resulted in both companies ditching their ambitions to combine operations.
Construction companies that colluded around the 2010 Fifa World Cup Stadium projects, have paid their first sum of R117m in terms of the settlement agreement they entered into with the National Revenue Fund.
There is more to Mauritius than its picturesque beaches and easy island living, which is helping the country to attract a lot of interest from Global and South African property investors.
Although commercial property markets is some parts of Europe experienced a slight downturn last year, investors appear unfazed by the geopolitical uncertainty and Brexit.
Investment volumes in South Africa’s real estate saw a 55,2% increase in 2016, despite challenging economic conditions, weak currency and political uncertainty. ... Full story