Reserve Bank Governor Lesetja Kganyago, on Thursday announced the Interest rate hike by 25 basis points to 4.25%. South Africa’s Reserve Bank monetary policy committee (MPC) has raised the interest rates by 25 basis points to 4.25%. This brings the prime rate to 7.75%. Reserve Bank Governor Lesetja Kganyago made the announcement during the briefing […]
Tony Clarke, MD of the Rawson Property Group says the impact of the war on things like global supply chains, food production and fuel prices will inevitably put upward pressure on inflation in a number of countries, including South Africa. For the second time in a row this year, the South African Reserve Bank increased […]
Attacq Limited Ceo, Jackie van Niekerk says, the company has remained focused on delivering on the financial and operational strategy embedded last year. JSE-listed REIT Attacq Limited (JSE: ATT), which owns 80% of Mall of Africa, said a combination of factors had contributed to the positive turn of events. The group, on Tuesday announced its […]
Inospace CEO Rael Levitt, says the collaboration with Fortress REIT represents a significant opportunity for both companies, Inospace, the owner and operator of business parks, and JSE-listed Fortress REIT Limited, are collaborating to unlock significant opportunities that exist in last-mile logistics. The days of industrial property being boring smokestack factories, telecoms towers and cold storage […]
Executive Mayor Cllr Xola Pakati handed over the Shipping Container Mall at Scenery Park, one of the area’s oldest townships. The Eastern Cape’s Buffalo City Municipality recently launched a R3.4 million shopping mall made from shipping containers to be used by township entrepreneurs in East London. The Executive Mayor Cllr Xola Pakati handed over the […]
Spear REIT CEO, Quintin Rossi attributes Cape Town’s property recovery largely to semigration, as an increase in buyer activity noted in the residential property sector with people moving from Gauteng and KwaZulu-Natal to the Western Cape. Western Cape province could be the likely outperformer in 2022. Pundits base this expectation on the belief that the […]
Artist impression of Dakota Precinct at Rand Airport commercial park in Germiston developed by Improvon and Nedbank Property Partners. The City of Ekurhuleni is set to witness the development of one of the most sought-after sites in the area – the construction of a business and logistics park for a whopping R1.3 billion. Improvon, with […]
Cas Coovadia will lead the TUHF Holdings Limited Board as the new Chairman taking over from Samson Moraba. Cas Coovadia will lead the TUHF Holdings Limited Board as the new Chairman taking over from Samson Moraba, who has ably led the board since inception. The appointment takes effect from April 2022. The Trust for Urban […]
Hyprop Investments CEO, Morné Wilken, said we are optimistic that trading conditions will return to pre-Covid levels, as is evident in the trading metrics of all our portfolios. After visits plummeted during the height of the COVID-19 crisis, Retail-focused Hyprop Investments (JSE: HYP) has reported encouraging trading performance of its tenants across its retail portfolio, […]
The profession needs proactive development initiatives which appeal to our young South Africans says Lerato Pooe, General Manager of the South African Institute of Valuers (SAIV) The South African Institute of Valuers (SAIV) has announced that applications are open for their 2022 Mentorship Programme, from 7 March until 30 April 2022. The mentorship programme, now […]
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