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Wednesday, 22 March 2017 13:55

Owning Property without a Will

A home is the biggest financial asset most South Africans will ever possess, but what happens to that home when the owner passes away?

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.

Today the National Home Builders Registration Council (NHBRC) announced that it will be spending more than R30 million in the new financial year starting on 1st of April 2017 in its efforts to bring about transformation in the home building industry. 

Fairvest Property Holdings Limited (“Fairvest”) today announced another set of strong results for the first six months of the 2017 financial year, with distributions increasing by 9.57% year-on-year.

Gustav Voigts shopping centre in Namibia’s capital city of Windhoek is to undergo a multimillion-dollar phased refurbishment starting this year.

Emira Property Fund Limited today reported a 68,93 cents dividend per share for its half-year ended 31 December 2016, which is in line with its market guidance.

If Sandton, the financial centre of South Africa, has been impacted by the national economic slowdown, the city appears, at least physically, to show little sign of this.

2017 looks to be a challenging year for the South African property market, as quarterly statistics released by ooba, South Africa’s largest bond originator, point to ongoing affordability constraints for South African consumers.

Mara Delta, the only listed Africa focused distribution fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, today reported strong interim financial results for the six months ended 31 December 2016.

The Department of Trade and Industry (dti) plans to spend R216 million on renovations at five industrial parks in the country.

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