Absa

SA Banks struggling to deal with distressed Property Owners

According to South Africa National Credit Regulator’s latest Consumer Credit Market report, about 75,000 property owners were in arrears on mortgage repayments (for more than three months) in June. ... Full story

Jouberton’s R155m Tower Mall on track for October opening

Residents of Jouberton and surrounds western Klerksdorp, City of Matlosana, can look forward to the launch of the 15,400m² Tower Mall set to open on 25 October 2013, the owners Dipula Income Fund reported on Thursday. ... Full story

SA Banks embracing Sustainability Development and Going Green

South African Banks have started to incorporate the concept of sustainability building into their business and are working with communities in the push towards going green. ... Full story

Competition Tribunal to rule on Absa’s hotel acquisition

ABSA will on Wednesday hear whether its acquisition of a "landmark" development in Cape Town, that includes the upmarket 15 on Orange Hotel, will be approved by competition authorities. ... Full story

Insight to Absa Property Equity Fund short- to long-term investments

The Absa Property Equity Fund aims to offer investors medium to long-term capital and income growth through investments in the SA property market, listed shares and property unit trusts. ... Full story

SA Commercial Real Estate sector primed to seize opportunities in Africa

SA’s commercial real estate sector leads the African continent, with a maturity and sophistication that compares favourably with any developed market. But, with scores of opportunities for property investment and development arising in Africa, the next decade could see other African countries developing comparable commercial property sectors. ... Full story

Absa pulled strings at Pinnacle Point

Absa essentially pulled the strings at Pinnacle Point Group "at a certain point", a commission of inquiry heard yesterday. ... Full story

Further deflation in real terms: Absa Home Loans

Nominal price growth in the middle segment of the housing market was expected to remain relatively low in 2012 after coming in at 2.2% in 2011. ... Full story

House price growth set to slow further: ABSA

Based on the outlook for the global economy and domestic growth, inflation, interest rates and the consumer sector, house price growth is forecast to remain relatively low this year, while prices are set to decline further in real terms according Jacques du Toit, Absa Home Loans. ... Full story

Absa sues Nedbank over Pinnacle Point losses

Absa turns to court to recover R773m from Nedbank for losses relating to an exposure to Pinnacle Point, but the latter says it will defend the action. ... Full story

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