Tuesday, 01 March 2016 17:01

GDP increases by 1.3 percent in 2015

The economy grew by 1.3 percent in 2015, Statistician General Pali Lehohla announced on Tuesday.

South African Real Estate Investment Trust (REIT) Redefine Properties is significantly broadening its offshore footprint via an initial 75% investment into a 1.2 billion euro high-yielding commercial platform comprising 18 properties in the rapidly-expanding and exciting Polish market.

The Royal Institution of Chartered Surveyors (RICS) will host its second annual RICS Africa Summit in Sandton Central, Johannesburg, on 24 February 2016, bringing together leading speakers and professionals in the built environment.

As if on cue, shares in the suitably named Resilient REIT roared, entrenching themselves in the pound seat, after the firm churned out yet another bumper set of earnings numbers.

Wednesday, 10 February 2016 16:04

Saldanha Bay IDZ to create 40 000 jobs

In a presentation to the Standing Committee on Economic Opportunities, Tourism and Agriculture in the Western Cape Provincial Parliament, it was revealed that 40 000 jobs stand to be created in South Africa, thanks to the development of the Saldanha Bay Industrial Development Zone.

According to Catalyst Fund Managers, the SA Listed Property Index (SAPY) recorded a negative total return (-2.98) for the month ended 31 January 2016.

Last year was a mediocre one for South Africa: the JSE ALSI ended 2015 only 5.13% up over the 12 months and GDP growth was well south of 2% for the full year.

Almost a third of European retailers view Africa as an important future destination in the next three to five years, reveals leading real estate advisor, CBRE.

VAST Networks, Africa’s first truly open access Wi-Fi network provider, officially launched today allowing venues to deliver secure, high-quality and high-speed bandwidth to end users.

Rapid urbanisation, population growth and an undersupply of formal retail space continue to drive growth in the retail sector across Sub-Saharan Africa.

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