Rebosis Property Fund founded by Sisa Ngebulana has entered business rescue following the board’s decision that the group is financially distressed in terms of the Companies Act, 71 of 2008.

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.

Attacq – the developer of Waterfall City In Johannesburg sold its remaining interest in Central and Eastern Europe (CEE) focused property group MAS Plc for R773 million

Attacq exits MAS Plc with R773m stake sale

Investing >>

During the 2020 hard lockdown period, FNB saw the average retail property capital value per square metre decline by -7.41%, using MSCI data, before resuming low positive growth of +1.54% (MSCI data) in 2021.

Retail Property Market – From Covid-19 Risk to Stagflation Risk

The multi-year retail property market correction appears likely to continue during FNB’s economic forecast period.

Companies >>

Quintin Rossi, Group CEO attributes Spear’s successful navigation through the last 12 months to the execution of their operating strategy.

Cape Town portfolio potential helps lift Spear Reit distributions

Western Cape-based property group, Spear Reit today reported a 16.36% annual growth in distribution per share as the company continues to emerge from the COVID-19 trading environment

Gauteng >>

The Radisson Red hotel is conveniently situated at Oxford Parks in Rosebank.

Rosebank's Radisson Red Hotel achieves a 5-Star Green Star rating

The Radisson Red Hotel at Oxford Parks has achieved a 5-Star Green Star Custom Hotel v1 certification, making it the fourth only project to be certified under this tool.

Western Cape >>

Architectural rendering of the Takealot distribution centre in Richmond-Park, Cape Town.

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.

KwaZulu-Natal >>

The State of the Commercial Property post the July unrest and recent Floods in KZN

Over the last couple of months, the commercial property sector has experienced challenges that posed threats to recovery following lockdowns in 2020 and 2021.

Mpumalanga >>

Eskom CEO Andrè de Ruyter says we hope to sign the land lease agreements with the successful bidders by August

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.

Economy >>

South Africa’s credit outlook upgraded by S&P

Standard & Poor’s (S&P) upgraded its outlook on South Africa’s credit rating to positive from stable while affirming the long-term foreign and local currency debt ratings at ‘BB-’ and ‘BB’, respectively.

Construction & infrastructure >>

The former SizweNtsalubaGobodo partner, Felicia Msiza has been appointed the new chief executive officer of infrastructure development firm Raubex.

Construction development group Raubex responds to Transformation calls

Raubex (JSE: RBX), South Africa’s infrastructure development, and construction materials group has responded to transformation calls by appointing Felicia Msiza as its new CEO.