The prospects for the South African commercial property sector for 2020 remain stagnant, according to a new report by John Loos, Property Sector Strategist at FNB.

2020 SA Commercial Property Market Outlook very cautious

Macro-economic and political landscape uncertainty suggests that a cautious outlook for South African commercial real estate is likely to persist into 2020.

Equites CEO, Andrea Taverna-Turisan, says a transaction of this size with a client of Pepkor’s stature, will assist to further cement the company’s aim of being recognised as a developer of choice to the largest logistics

KZN gets R1.3 billion Warehouse facility to house Pepkor

Investing >>

The good news is that it appears that the industrial property sector should continue to perform reasonably well into the foreseeable future.

Industrial Property Sector performance holding up

For the past few years, the industrial property sector has outperformed the office, retail and leisure property sectors.

Companies >>

Edgars Stores has decided to close its doors at the trendy Rosebank Mall owned by JSE-listed Hyprop Investments.

Edgars Store vacates from upmarket Rosebank Mall

Struggling clothing retailer Edcon Holdings, which owns Edgars Stores has decided to shut its doors at the trendy Rosebank Mall — owned by JSE-listed Hyprop Investments.

Business icon Richard Maponya, who died early on Monday, has been praised for establishing Soweto's mega R650m Maponya Mall that opened in 2007. It was the first investment of its size in a township in South Africa.

Western Cape >>

Mayor Dan Plato said the budget was geared towards improving safety, urban renewal and human settlements.

City of Cape Town's R50 billion 2019/2020 budget

The Cape Town council has approved a budget of just over R50 billion for the 2019/2020 financial year.

KwaZulu-Natal >>

Makro Store will be housed within the Cornubia Ridge Logistics Park, which is adjacent to the Gateway precinct and accessible from all major highways including the M41 and the N2.

Makro expands in Durban’s booming Cornubia

Cornubia, a multi-billion rand mixed-use development in the northern corridor of Durban, has welcomed the new state-of-the-art Makro Store scheduled to start operating this week.

Free State >>

Seen on the opening ceremony is Eric Stouder, the Senior Vice President of Sasol Base Chemicals and Izandla Property Fund CEO Nonhlanhla Mayisela.

Izandla Property Fund announces Inauguration of first development project

A new black-empowered property group, Izandla Property Fund, which is backed by Investec Property (IP) and Investec Property Fund (IPF), opens its first development project.

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 >>

SA projects R53bn revenue collection shortfall

Tabling the 2019 medium-term budget policy statement (MTBPS), Finance Minister Tito Mboweni has projected a R53 billion revenue collection shortfall for the current financial year.