Fairvest Property Holdings Limited (“Fairvest”) today again announced solid results for the six months to December 2019, with above market distribution growth of 5.1%, net property income growth of 2.2%, 5-year lows in vacancy rates and consistently low arrears.

Apart from the tax reprieve announced by Finance Minister Tito Mboweni in the National Budget, with no major tax increases and even personal income tax relief across the board.

Wednesday, 26 February 2020 20:27

Economic growth revised downward to 0.9%

South Africa’s economy is expected to grow by 0.9% in 2020, National Treasury said on Wednesday.

As anticipated, President Cyril Ramaphosa spoke to the urgency for economic growth and the need for a serious and sustainable increase in the employment rate in his State of the Nation address last night. 

Herschel Jawitz has cautiously welcomed President Ramaphosa’s State of the Nation address, which addressed most of the critical issues facing the country but not necessarily in enough detail.

Tuesday, 11 February 2020 10:22

Helderfontein Outfall Sewer nears completion

Construction of the R12 million Helderfontein Outfall Sewer, situated in Riverside close to Fourways is nearing completion.

Concor’s new group CEO Lucas Tseki is confident South Africa’s construction sector is turning the corner, provided there is no further delay in the adjudication and awarding of large infrastructure contracts by government agencies.

Green Building Council South Africa (GBCSA) will be reducing their physical office footprint from two regional offices into one, resulting in GBCSA operations being located in Cape Town.

Will electricity supply reliability and cost increases become a key issue again in 2020?

Sub-1% economic growth insufficient to curb vacancy rate rise and unlikely to prop up real property values at recent levels'.

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