Texton CEO Marius Muller says the PIC is a long-standing shareholder of Texton and we look forward to continuing to work closely with them and all shareholders on our journey towards positive performance

PIC lifts stake in embattled Texton Property Fund

The Public Investment Corporation (PIC), Africa's largest fund manager, has boosted its stake in the troubled Texton Property Fund (JSE: TEX) after a black empowerment investor defaulted its loan.

An artist impression showing the entrance of the R850 million Mall of Tembisa on Gauteng’s East Rand.

R850 million Mall of Tembisa gets off the ground

Investing >>

Although quite a few African economies offer good growth opportunities, there are ongoing regulatory and fiscal challenges, says Ortneil Kutama

Mixed feelings about African Real Estate Investing

While Hyprop investments (JSE HYP) plans to exit its investment in sub-Saharan Africa, Grit Real Estate (JSE: GTR) remains committed spreading itself across the continent.

Companies >>

Group CEO Norbert Sasse expects international investments to drive most of the company's growth in the 2019 financial year since they has been stagnation from its SA portfolio.

Growthpoint pins its hopes on Offshore Properties

With the local property industry adrift in choppy waters amid stagnant economy, Growthpoint Properties is looking to not only stay afloat but maintain robust growth by acquiring offshore properties.

Home to many of South Africa’s largest corporates, Sandton is in for another commercial transformation, with a collaboration of three companies investing over R3 billion to redevelop Barlow Park precinct.

Western Cape >>

The R7 billion investment will include the refurbishment of the domestic arrival’s terminal, the expansion of the international terminal and a new realigned runway

R7 billion earmarked for Cape Town International Airport upgrades

Cape Town International Airport is in for R7 billion infrastructure upgrades planned over the next five years.

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.

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 >>

Governor Lesetja Kganyago has announced the bank's Monetary Policy Committee has left the repo rate unchanged at 6.75%

S.Africa’s repo rate stays 6.75 percent

The repo rate will remain unchanged at 6.75 percent, Reserve Bank governor Lesetja Kganyago announced on Thursday afternoon.

Construction Industry >>

Sephaku Holdings CEO Lelau Mohuba, says the company embarked on cost-cutting measures that include reducing the number of board members from ten to seven.

Sephaku reveals cost-cutting plan despite net profit rise

Building and construction-materials group, Sephaku Holdings, says it has embarked on a cost-reduction programme aimed at reducing head office expenses.

International >>

Savills predicts that prime offices will continue to be the “top pick” for core investors, in particular in Germany and the Southern European cities.

Six trends for commercial real estate investment in Europe in 2019

According to Savills, offices in central business districts, residential, smart mixed-use, logistics, space as a service and the lack of prime assets are six of the main trends we will see in the European commercial real estate investment market in 2019.

Infrastructure >>

Eskom said that there will be no load shedding this week as the outlook looks favorable, with plants performing better than last week.

Eskom suspends load shedding after days of blackouts

Over the weekend, Eskom said that there will be no load shedding this week as the outlook looks favorable, with plants performing better than last week.