Major global data centre markets are seeing soaring construction costs as development in new and emerging hubs continues to heat up, according to research from global professional services company Turner & Townsend.

The spotlight will be on Africa and its urban development this week as more than 250 executives and professionals in the built environment sector are set to attend the Royal Institution of Chartered Surveyors (RICS) Summit Africa event in Sandton Central, Johannesburg.

According to Rode & Associates, over the past few decades the tertiary services sector of the SA economy has been growing in relative importance as has been the case in the developed world.

Nedbank has been awarded the dual accolades of Best Retail Bank in South Africa award and Best Mortgage and Home Loans Product in Africa award for 2015 at The Asian Banker’s 2nd Annual Middle East and Africa Awards Ceremony.

Sun International, South Africa's second-largest casino and resort operator, is undergoing significant change after years of underperformance.

Knight Frank's Prime Global Cities Index shows luxury residential prices across the index's 32 cities rose by 6.2% on average in the year to June 2014.

JLL's eighth Global Real Estate Transparency Index , covering 102 markets worldwide, shows continued progress in the transparency of commercial real estate around the world.

South Africa's construction industry is not out of the woods yet, despite data pointing to an upward trend.

London's West End unseated Hong Kong-Central as the world's highest-priced office market, but Asia continued to dominate the world's most expensive office locations, accounting for four of the top five markets.

Actis, the global pan-emerging markets investment firm, today announced that it has closed its third energy fund, Actis Energy 3.