JSE-listed REIT Texton Property Fund announced its results for the half-year ended 31 December 2019 and expects distributable earnings to be in line with guidance for the full year.

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.

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.

The Joe Singh Group, which acquired One Vision (Pty) Ltd in 2013, today announced that the High Court has ruled in its favour regarding the Lahleni Lakes Golf Estate case brought by Mr Singh against former One Vision director, Mr Ralston Smith.

A number of significant amendments to the City of Cape Town’s Municipal Planning By-laws of 2015 were promulgated this month (3 February), impacting both home owners and property owners in the hospitality industry who offer short-term and holiday accommodation.

While the overall risk environment has heightened since last year, a strategic focus on balance sheet management and a relentless pursuit on delivering sustained value is providing Redefine with a buffer against the economic challenges.

“We are delighted to report that the Group has achieved the targeted results in a competitive market.

MAURITIUS. London Stock Exchange listed Grit, the only listed Africa-focused income distribution group to offer international property investors access to high growth opportunities in thriving African economies outside of South Africa, today announced robust interim results for the financial year ending 31 December 2019.

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.

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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