There is a direct link between the stability of an economy and ongoing development – and currently the local construction and property industries are undeniably experiencing a lull due to reduced expenditure by government on large scale infrastructure projects as well as uncertainty in the private sector investment markets.

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. 

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.

Thursday, 16 January 2020 11:55

Cheap cement imports crippling local industry

Local cement manufacturers are being severely undermined by cheap imports from countries such as China, Vietnam and Pakistan.

The outgoing Mayor of Johannesburg, Mr Herman Mashaba was among a line-up of expert speakers in the property, urban planning and government sectors, assembled to tackle the question of how to unearth inner city potential - making investment more accessible and profitable.

A free advice centre is helping to facilitate formal residential property transactions in Cape Town’s largest township, Khayelitsha.

Following the successful completion of their 35th Annual Conference, the members of the African Union for Housing Finance together agreed on a Cape Town Declaration on Housing Finance, at their Annual General Meeting on 6 November 2019. 

The Eastern Cape Development Corporation (ECDC) has begun an eviction process of 45 tenants through an order of the court at its Butterworth residential and industrial properties.

Signs that the residential property market is beginning to stabilise.

The pilot study area consists of almost 1 000 properties located in four sites in Makhaza, Khayelitsha.

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