Saturday, 02 June 2018 01:51

Kzn's time to shine

South Africa’s eastern province of KwaZulu-Natal, with its diverse culture, year-long sublime climate and abundant natural heritage sites and attractions, has the pull power to bring even more international and domestic tourists to its shores, and has the most potential nationwide to become the tourism capital of the country.

One of South Africa’s most recognised and highly-regarded property developers and investors, Jeff Zidel, is set to retire in June after a distinguished 47-year career in the industry. 

JSE-listed Echo Polska Properties (EPP), the leading owner and operator of shopping centres in Poland, has officially announced that a change of its company name from Echo Polska Properties N.V. to EPP N.V. has been registered by the trade register of the Dutch Chamber of Commerce.

JSE diversified REIT, Dipula Income Fund (Dipula), today announced continued distributable income growth of 11.5% for the six months to February 2018. 

Gemgrow, a South African focused, high growth, high yielding REIT listed on the JSE, today released interim results for the quarter ending 31 March 2018.

Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, this morning announced its financial results for the year ended 28 February 2018.

Investec Australia Property Fund (“IAPF” or the “Fund”) today announced the acquisition of an industrial property in Dandenong South, Melbourne for AUD 19 450 000 which represents an initial yield of 6.3%.

The Ekandustria Industrial Park is set to improve the lives of those living in the township of Ekangala once its revamp is complete.

Our Firstrand expectation is for a 25 basis point interest rate cut in the SARB’s Repo Rate, when its Monetary Policy Committee (MPC) meeting concludes on Wednesday. Should this happen, it would lower the Repo Rate to 6.5%, and the Prime Lending Rate of banks to 10%.

New report overviews increased competitiveness of economy, FDI and REITS contribution to boosting real estate growth.

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