To help restore Johannesburg to its former greatness incentives are now being offered to developers. Classic Business Day gets Lebo Ramoreboli on the line from the City of Johannesburg’s Department of Finance and Economic Develop...
Dec 14, 2006: Property scheme raises warning flags
A scheme doing the rounds promises to build up a passive income of R168 000 within one year. All that’s required is a monthly salary of R7 000 and a clean credit record.
“To qualify for this opportunity, all you need is a c...
Dec 14, 2006: Herman Mashaba gets stake in Growthpoint
JOHANNESBURG (Reuters) - South Africa's Growthpoint Properties Ltd said on Monday it had agreed to sell 22 million new Growthpoint linked units with a current market value of 279.4 million rand to a black group.
The black-...
Listed hotels and gaming group Sun International (SUI) is to invest R30m to upgrade its two hotel and casino properties in Lesotho. The company has signed a heads of agreement with the Lesotho government and the Lesotho National Development Corporation...
The recent two day conference for the SA Institute of Valuers (sponsored by Nedbank Corporate Property Finance) produced some "highly relevant" information on the proposed World Cup football stadium thus shedding more light for those who attended. <...
Dec 13, 2006: Group Five CFO becomes deputy CEO
Construction group Group Five has announced the appointment of its current CFO, Paul O'Flaherty, as the group's new deputy CEO with effect from 31 March 2007.
He will support the group's growth strategy alongside Mike Upton, who takes over as CEO whe...
THE listed property sector looks likely to remain a good investment prospect next year.
Mariette Warner, head of property funds at Stanlib, says that as long as interest-rate hikes remain moderate, the market can expect a steady perform...
CAPE TOWN — Luxury property development group Pezula has hit out at government for sending confusing and “irresponsible” signals about foreigners being restricted from buying property in SA.
Last week, government spokesman Themba Maseko told t...
The sharp run-up in the share prices of South African construction companies this year has made the construction sector the place to be, but in order to capture further potential gains in the new year one will have to be a brave investor, Feroz Basa, e...
Parliment will announce plans next year for a R325-million banqueting hall to be built in time for President Thabo Mbeki to deliver his last State of the Nation address to the legislature's biggest audience ever.
COMPANIES have become the biggest drivers of credit in the market as they expand their capacity for the 2010 soccer World Cup and to take advantage of increased spending on infrastructure.
October's DI900 data submitted by the banks to the Res...
Environmental Affairs and Tourism Minister Marthinus van Schalkwyk yesterday moved to calm a jittery property market, saying the draft Integrated Coastal Management Bill would not restrict foreign pu...
Emira Property Fund has added the R133m WorldWear Shopping Centre in Johannesburg to its portfolio, with the company anticipating a yield of 10.5% in the first year. By Evan Pickworth – I-Net Bridge
“If you weighed up new space versus new demand, I think the 1990s were nearer to creating an oversupply (of new shopping centres) than now. What people must realise is that while shopping centre space has been created at a rapid pace over the past few ...
Dec 06, 2006: ‘Powerful trends’ set to rule market INTERNATIONAL globalisation and securitisation of property were “powerful trends” this year and are likely to continue next year, says JHI Real Estate chairman Les Weil.
Members of the public were contacting the public works department daily to inform it about properties that belonged to the province, MEC Christian Martin said on Wednesday.
Replying to the debate on his department's annual report, Martin said ...
Comparing the take up emanating from new developments as well as from the existing stock in the market allows for an analysis of the source of office take up or demand to be conducted. New development supply is principally calculated from the SAPOA Off...
A five-star sectional title beachfront hotel managed by an international group is on the cards for Nelson Mandela Bay, brainchild of a local developer.
The Reef on Marine is Auspex Property's Ben Nyaumwe's latest project, after the success of ...
HUGE government infrastructure projects expected to be rolled out over the next few years could “crowd out” private sector development as they push up already high building cost inflation.
NEWTOWN, the trendy entertainment and residential precinct in Johannesburg’s inner city, is beginning to attract interest from would-be office landlords.
EFFORTS to turn around the fortunes of Acc-Ross Holdings, which listed as a property development company on the JSE’s AltX in February, seem to be paying off, with the company reporting a net profit ...
