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Worrying moments ahead as Rebosis Property Fund goes into business rescue

There is still no respite for commercial property landlords as one of South Africa’s Real estate investment trusts, Rebosis Property Fund, which owns Baywest Mall in Gqeberha and East London's Hemingways Mall, went into business rescue.
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Investing

Commercial leases under strain as Tenants struggle to pay rent

The containment measures put in place in the past two years in response to the pandemic shuttered businesses and offices and dealt a severe blow to the demand for the commercial property market — especially, in the retail, hotel, and office segments.
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Western Cape

Takealot takes occupation on its new flagship collection facility in Cape Town

Takealot, South Africa's online retail giant, recently opened its flagship collection facility situated at Richmond Park — a brand-new multi-billion rand mixed-use development in Cape Town.
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Mpumalanga

Eskom to lease land for Renewable Energy Projects

In a bid to reduce power cuts, South Africa’s power utility, Eskom Holdings on Thursday said that it selected 18 companies to lease land for the development of renewable energy projects.
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Economy

2023 SA Budget Key Highlights — by Finance Minister Enoch Godongwana

Finance Minister Enoch Godongwana on Wednesday delivered the 2023 budget speech in Parliament, Cape Town. His speech comes in the wake of the shocking severity of daily power outages and rising food prices, and prevailing socio-economic challenges
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Infrastructure

Public Works resolving Eskom municipal debt

The Department of Public Works and Infrastructure (DPWI) has begun reconciling and verifying debt owed to Eskom by the country’s 257 municipalities.
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