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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.

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.
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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.
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IMF lowers South Africa's economic growth forecasts

Citing policy and political uncertainty, the International Monetary Fund (IMF) on Tuesday lowered its forecast for South Africa's economic growth in 2019, from 1.5 percent to 1.3 percent.
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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.
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