Wednesday, 10 April 2019 15:45

Kenya’s logistics market continues to grow

Kenya’s expanding economy has spurred the growth of its logistics property market with the economic hub of Nairobi experiencing a 15% year-on-year increase in new warehousing supply, Broll Property Intel’s latest Kenya Logistics Snapshot Report reveals.

The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa’s repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

Tuesday, 05 March 2019 22:17

GDP grows by 1.4% in the fourth quarter

South Africa’s Gross Domestic Product (GDP) soared by 1.4% in the fourth quarter of 2018, Statistics South Africa announced on Tuesday.

Wednesday, 20 February 2019 19:45

Growth revised down to 1.5% in 2019

National Treasury has revised down the South African economy’s growth to 1.5% in 2019.

After rising to 35 in 3Q2018, the FNB/BER Building Confidence Index fell back to 32 in 4Q2018. 

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

EPP, Poland’s largest retail property owner, posted distribution growth of 12% per share to EUR 5.82 cents for the six months ended 30 June 2018.

Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.

The global sell-off of in emerging markets, an intractably weak domestic economy, an oversupply of business space, and a focus on the quality of earnings are all set to be major drivers of the SA REIT sector in the second half of 2018.

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