The City of Johannesburg (COJ) says it has identified abandoned factories in the city that it plans to expropriate in order to allow the private sector to turn them into low-cost affordable housing. The City of Johannesburg (COJ) says it has identified abandoned factories in the city that it plans to expropriate in order to […]
Most South Africa’s municipalities are in a financial state so terrible, threatening their ability to deliver services, says Auditor General (AG) Kimi Makwetu on Wednesday. MOST South Africa’s municipalities are in a financial state so terrible, threatening their ability to deliver services, says Auditor General (AG) Kimi Makwetu on Wednesday. Makwetu released the latest […]
Roland van Wijnen, a former CEO of LafargeHolcim’s Philippines unit, worked in the Swiss buildings company’s South African and Eastern European divisions during his 17-year career. PPC, SA’s largest cement maker, has named ex-LafargeHolcim veteran Roland van Wijnen as its new chief executive on Wednesday after a near seven-month search. Van Wiljen, who will start […]
Limpopo’s Elim Mall, which is located in Makhado (formerly Louis Trichardt), is undergoing an expansion at a cost of R120m. Limpopo’s Elim Mall, which is located in the south-east of Makhado formerly Louis Trichardt, is undergoing an expansion at a cost of R120m. The owners, Twin City based in Pretoria, will add approximately 40 new […]
Architectural perspectives of the upgraded entrance of Boardwalk Mall scheduled to open in 2021. The Boardwalk Casino and Entertainment World in Port Elizabeth is undergoing an R600 million extend and upgrade in the retail area. Property developers, Flanagan & Gerard Group and Moolman Group, have signed an agreement with Emfuleni Resorts, a subsidiary of Sun […]
Bronwyn Corbett, the woman behind the formation, has patiently developed Grit Real Estate into a company which owns US dollar-based income generating shopping centres and offices in Africa. Grit Real Estate (JSE: GTR) is leading the charge of investing in the African property industry. It should double its asset base in the next two years […]
Grit Real Estate CEO, Bronwyn Corbett says the company sees potential investment opportunities worth $600m, predominantly in the industrial, corporate accommodation and hospitality sectors. Grit Real Estate Income Group, the only listed pan-African property company is soaring and now has a pipeline of opportunities in Africa worth. The company which is listed on the JSE, […]
The rand was also boosted by news that President Cyril Ramaphosa has re-appointed South African Reserve Bank Governor Lesetja Kganyago for another five-year term. The Rand firmed on Wednesday as the dollar weakened after U.S. Federal Reserve Chairman Jerome Powell highlighted risks to the U.S. economy in remarks that could bolster expectations of an interest […]
Nigeria’s President Muhammadu Buhari signed the agreement for the African Continental Free Trade Area (AfCFTA) Sunday, fulfilling a promise he made earlier in the week. Nigeria’s President Muhammadu Buhari signed the agreement for the African Continental Free Trade Area (AfCFTA) Sunday, aimed to increase trade between African countries. This leaves Eritrea as the only African […]
Hyprop CEO Morné Wilken said: “At interims in March 2019, we stated clearly our intention to curb Hyprop’s exposure to sub-Saharan Africa. Hyprop Investments, South Africa’s largest listed specialized shopping centre owner, on Friday said that AttAfrica Limited, in which it owns a 37.5 percent stake, had concluded an agreement to dispose of its interest […]
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