Hopes for Office Sector revival as vacancies hit nine-year high

The corner for South Africa's office market still seems some way away from turning into positive territory, with vacancies in major centres continuing to run at fairly high levels.... Full story

Reserve Bank hikes Repo Rate to 5.75%

South African Reserve Bank (SARB) governor Gill Marcus decided to raise the repo rate by 25 basis points, taking it to 5.75%, following a three-day meeting with the Monetary Policy Committee (MPC).... Full story

Infrastructure deficit threatens SA’s economic growth

One of the issues that remains a perpetual bugbear in South Africa, is the government’s ambitious but slow infrastructure spending programme to unlock the country’s economic growth potential.... Full story

SABMiller to dispose 40% stake in Tsogo Sun

Beer and soft drinks manufacturer, SABMiller (SAB) elaborated plans to sell its 40% shareholding in the gaming and hotels group, Tsogo Sun (TSH) — a move that may see Hosken Consolidated Investments (HCI) bolstering its stake in Tsogo.... Full story

Listed Property / Investment >>

Reit adoption boosts investment at home and abroad

South African listed property is gaining popularity at home and abroad, thanks to its adoption of internationally recognised Real Estate Investment Trust (Reit) structure for financial regulation and tax dispensation.... Full story

Construction / Developments >>

Business rescue legislation saving ailing firms if delays avoided

The turnaround of an ailing Eastern Cape construction firm was due to the contractor seeking business rescue assistance “in good time”, its business rescue practitioner said. ... Full story

Leasing / Ownership /Management >>

Investec Property Fund adds R430m to portfolio

Investec Property Fund (IPF) said last week it had bought new properties worth R430 million, Dihlabeng Mall in Bethlehem Free State and the Foschini Building in the Johannesburg CBD.... Full story

Property Finance >>

New Cement maker enters the race for South African Market

Mamba Cement has entered the race for South African cement producing, after Nedbank Capital and the Bank of China Johannesburg provided R1.1 billion towards debt capital to fund the new China player into the market.... Full story

Infrastructure / Energy >>

City Power electricity tariffs to rise 7%

Johannesburg — City Power had no choice but to pass on a 7 percent tariff increase to consumers, it said on Thursday after the National Electricity Regulator of SA (Nersa) approved hikes.... Full story

Legal and Policy >>

Rates and Taxes a burning issue for South African Property Owners

THE yearly rates, taxes and services increases in South African municipalities were seen as inflationary and contradict the aims of building the economy of the cities and creating jobs, a panel discussion at the SAPOA Convention said on Thursday.... Full story

Office Property >>

Sandton is catching up with decentralisation trend

Sandton, Johannesburg's premier business centre, has lost a significant number of big office tenants in the past months, according to a report released by the South African Property Owners Association (SAPOA).... Full story

Retail Property >>

East Rand Galleria is set for major image shake-up

SA Corporate Real Estate Fund, the owners of East Rand Galleria in Boksburg, said will spent R411 million in an attempt to revitalise the shopping centre which connects to East Rand Mall in the east side of Gauteng.... Full story

Industrial Property >>

John Ross Eco Junction grows apace with first new development

John Ross Eco Junction, a commercial industrial development grows apace with first new facility for Tangawizi Motors to accommodate four motor dealership brands namely Hyundai, Daihatsu, Renault and Honda.... Full story

Leisure and Hospitality >>

Accommodation industry income rose by 12.9% in April

Total income for South Africa’s tourist accommodation industry rose by 12.9% year on year (y/y) in nominal terms (current prices) in April‚ Statistics SA’s tourist accommodation survey released on Monday showed.... Full story

Housing / Residential >>

Positive signals for South Africa's Residential Property Market

AT last there is good news for the South African residential property market following slow but promising signs of a healthy recovery in the wake of the 2008 world economic recession.... Full story

Western Cape >>

Build low-cost housing instead of land sale — Cosatu

Trade union federation Cosatu has demanded that the City of Cape Town release the findings of an audit of the land it owns and wants it used for low-cost housing instead of being sold to property developers.... Full story

KwaZulu-Natal >>

R22bn Go Durban project forges ahead despite complaints

The construction of the first phase of the multibillion-rand integrated rapid public transport network system, known as Go Durban, is set to continue despite complaints from some businesses and landowners... Full story

Limpopo >>

Limpopo Premier aims to grow the provincial economy by 5%

Delivering his State of the Province Address at the Lebowa-Kgomo Legislature on Thursday, Limpopo Premier, Stanley Mathabatha has set a target to grow the provincial economy by 5% by 2019.... Full story

Africa Property News >>

Botswana Property Market still worthwhile for Investment

Gaborone — Botswana's directly held investment property for commercial and residential sectors produced a total return of 21.4% last year, which is an improvement from 18.1% recorded for 2012, a study has revealed.... Full story

International Property News >>

Dubai to build Temperature-Controlled City, World’s Largest Mall

DUBAI - Dubai is planning to build a temperature-controlled city featuring the world's largest mall and an indoor park, as well as hotels, health resorts and theatres, the developer said.... Full story

Property Market >>

Retail Property maintains momentum despite subdued economic growth

When the going gets tough – the tough go shopping! This often used levity expression currently has a ring of truth to it as far as South Africa’s retail property market is concerned.... Full story

Economy >>

Tougher year ahead for South African economy

South African Reserve Bank Governor Gill Marcus says emerging markets will be faced with a difficult year ahead due to global economic contractions.... Full story

Company News >>

Anglo gets thumbs up on its intention to sell its stake in Lafarge Tarmac

Moody’s Investors Service on Tuesday said that Anglo American’s (AGL) intention to sell its 50% stake in Lafarge Tarmac to Lafarge would be “credit positive for both issuers”.... Full story

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