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Real estate consulting firm, JLL SSA, has released its 2016 Investment Review of the South African property market with analysis reporting a R28.8bn increase in investment (from 18,5bn in 2015), and a similar 52.8% increase in gross lettable area (2 million square metres).
With South Africa and Nigeria being Africa’s two biggest economies, the recent credit rating downgrades by global ratings agencies, will negatively affect both nations and hit Africa’s overall economic growth.
Over the last two years, Kenya’s retail market has seen the opening of new shopping centres countrywide taking the retail GLA across the country to just over 760,000m2.
Mara Delta, the only listed Africa focused distribution fund to offer international property investors direct access to immediate high growth opportunities on the continent outside of South Africa, today announced the introduction of the National Pension Fund Mauritius (“NPF”) as a key investor.
The FNB/BER Building Confidence Index improved for the third consecutive quarter, rising by 3 points to 43 in 1Q2017.
In times of weak economic growth, companies need to be that much smarter to survive and thrive.
Estimated 1st time buyer percentage sees a rise for the 2nd successive quarter.
Property Finance at Nedbank Corporate and Investment Banking (CIB) delivered another year of strong performance, making a significant contribution to the annual results of both CIB and Nedbank Group as a whole in 2016.
Diversified property REIT, Texton Property Fund Limited (“Texton”), today announced sound interim results, declaring an interim dividend of 47,95 cents per share.
The first month of 2017 saw the value of outstanding credit balances in the South African household sector rising by a much subdued 0,6% year-on-year (y/y) to R1 494,2 billion, after growth of 0,7% y/y at end-2016.