Taking a bet on an economic recovery in South Africa, Private developer Amdec, is trying to repeat its success in Cape Town with its new R14 billion development, Harbour Arch, about 4km from the V&A Waterfront

Big Property Developments expected to fire up Cape Town

A number of new modern commercial and luxury residential developments, including hotels, are on track to come out of Cape Town’s soil, setting existing establishments in the area aflutter with dreams of tourist gold.

Investec Property Fund to sell its shareholding in Musina Mall in Limpopo and Boitekong Mall in Rustenburg, for R727 million.

Investec Property Fund to dispose of stakes in Musina and Boitekong Malls

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 >>

Empty Retail space takes a toll as Massmart plans to close 34 DionWired and Masscash

Retailer Massmart, which is 51% owned by US giant Walmart, has announced plans of closing 23 Dion-Wired stores and 11 Masscash wholesale outlets, a move that lead to the loss of up to 1,440 jobs.

Gauteng >>

Richard Maponya, the property developer of Soweto’s mega shopping center, Maponya Mall, died early on Monday at the age of 99.

Soweto's humble Property Giant, Richard Maponya praised for Township Development

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 >>

An artist impression showing buildings at R14 billion Harbour Arch mixed-use precinct in Cape Town, developed by Amdec Group.

Green light for R14 billion Harbour Arch in Cape Town

Amdec Group, which co-owns the vibrant Melrose Arch in Johannesburg, today received approval from Municipal Planning Tribunal meeting to develop its ambitious R14 billion Harbour Arch mixed-use precinct in Cape Town.

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 >>

Reserve Bank governor Lesetja Kganyago announced an interest rate cut of 25bps on Thursday

Good news for South Africans: Reserve Bank cuts Interest rates

South Africa's Reserve Bank on Thursday reduced interest rates from 6.5% to 6.25%., citing concerns about power blackouts, weak rand, and labor conflicts.