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The Foschini Group to skip Rental Payments amid SA lockdown

As South Africa goes into a 21-day nation-wide lockdown, The Foschini Group [JSE: TFG] – whose brands include Foschini Stores, @home, Markham, Totalsports and Sterns – said it’s stopping rental payments because of the impact of the coronavirus outbreak.

Prestigious SAPOA Awards to honour South Africa’s top quality buildings

Often fought fiercely to gain, Developers, Architects, Engineers, Quantity Surveyor, and Property Owners are set to compete for the prestigious SAPOA Property Development Awards for Innovative Excellence.
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Edgars store owner running out of steam

Edcon, which had already been under a financial strain, revealed that the coronavirus has had a negative impact on the company and it would lose close to a billion rand during the 21-day lockdown period.
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Texton secures Truworths for prime Durban CBD space

Texton Property Fund has secured a long-term lease renewal with Truworths for its prominent high street shop in central Durban, KwaZulu-Natal - one of the group’s biggest stores in South Africa.
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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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Moody's downgrades South Africa's credit rating to junk

Moody's Investors Service has downgraded South Africa's credit rating to subinvestment grade, as a recession deepened by the impact of coronavirus frustrates economic reform efforts aimed at reducing government debt.
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2020 SA Budget: Government allocates billions on Infrastructure

South Africa is set to benefit from a multi-billion rand fund, which will be spent on national and provincial economic infrastructure requirements, according to the National Budget 2020 announced on Wednesday by Finance Minister Tito Mboweni.
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