Tuesday, 06 November 2018 21:32

Africa Investment Forum a game-changer

This week’s inaugural Africa Investment Conference is expected to be a game-changer for the development and economic growth prospects of the continent, organisers said on Monday.

Listed real estate investment trust (REIT) Redefine Properties (JSE: RDF) continues to weather challenging economic conditions by building a robust asset platform to sustain and nurture organic growth, both at home and abroad.

Nthwese Developments and Twin City Development today opened a R240-million Thulamahashe Mall in Mpumalanga.

The budget deficit for the 2018/19 financial year is expected to widen to 4.3% of the Gross Domestic Product (GDP) – which is higher than the 2018 Budget estimate of 3.8%.

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

As the continent’s largest economy, international development experts, innovators and funders increasingly believe that Nigeria is positioned to provide a market-driven solution to one of the continent’s most significant challenges and opportunities: Affordable Housing.

Labour issues, late payment and slow growth ‘catastrophic’ for the sector, says Master Builders’ Association North.

The results of Consulting Engineers South Africa's (CESA) Bi-annual Economic and Capacity Survey for the period January to June 2018 recently released indicates positive news, that the construction sector has seen growth for the first time in six quarters. 

“Overall many key African hotel markets reflected a positive turnaround in tourism in the first half of 2018,” says CEO of HTI Consulting, Wayne Troughton. “Though many of these markets continue to trade off a low base, the positive growth in room nights sold bodes well for future occupancy increases and hotel supply,” he states.

The opportunity for African countries in supporting the growth and development of their affordable housing industries is immense and transformative.

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