As South Africa goes into a 21-day nation-wide lockdown, Foschini Group to skip Rental Payments.

The Foschini Group to skip Rental Payments amid SA lockdown

As South Africa goes into a 21-day nation-wide lockdown, The Foschini Group [JSE: TFG] – whose brands include Foschini Stores, @home, Markham, Totalsports and Sterns – said it’s stopping rental payments because of the impact of the coronavirus outbreak.

Edcon the parent company of Edgars, which had already been under a financial strain, said it may not reopen after lockdown.

Edgars store owner running out of steam

Investing >>

Zinon Marinakos, Chairperson of the SAPOA Property Development Awards for Innovative Excellence

Prestigious SAPOA Awards to honour South Africa’s top quality buildings

Often fought fiercely to gain, Developers, Architects, Engineers, Quantity Surveyor, and Property Owners are set to compete for the prestigious SAPOA Property Development Awards for Innovative Excellence.

Companies >>

The introduction of Domino’s Pizza to the South African market in October 2014 broke several sales records in the first full week of trade.

Domino’s Pizza comes to a grinding halt

Taste Holdings [JSE:TAS], former owner of Starbucks, announced that it will voluntarily liquidate Domino's Pizza, following its failure to find a buyer for the pizza chain.

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.

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 >>

Amid Coronavirus (Covid-19) crisis, SA Reserve Bank Governor Lesetja Kganyago today announced the decision to cut the interest rate to 5.25%.

SA Reserve Bank cuts interest rates to 5.25%

Amid disruptions due to the Coronavirus (Covid-19) crisis, the South African Reserve Bank (SARB) has cut interest rates by 100 basis points, from 6.25% to 5.25%, Governor Lesetja Kganyago announced on Thursday.