With robust economic growth coupled with prudent fiscal management and infrastructural improvements, South Africa’s northern neighbour of Namibia is proving increasingly attractive to investors – including property developers, reports Pam Golding Properties Namibia.

The Department of Trade and Industry (dti) has announced that Sector Charter Councils in South Africa now have until 15 November to submit their updated and aligned sector codes to the Minister of Trade and Industry (Minister) for approval, and that all existing sector codes that have not been submitted by this date will be repealed.

Property developers have identified a growing need by up-and-coming executives to buy residential properties close to city centres without having the required 10% deposit.

Waters Edge, a new high-rise residential development of 144 apartments overlooking the spectacular 16ha Intaka Island wetlands reserve and surrounding waterways, is being launched at Century City by Rabie Property Group.

Following the success of the Mahwelereng Shopping Centre, its first project with Pretoria-based GMI Property Group in Limpopo, Retail Network Services (RNS) is now working with the group on two new rural mall projects in the province totalling R300 million.

Abland is developing the 35,000sqm A-grade office park development in Parktown called Hill on Empire. 

Redefine Properties has pioneered new benchmarks for the green property sector by developing, in conjunction with the Green Building Council of SA (GBCSA), a Green Star SA Custom Industrial Rating tool for industrial developments.

The once bustling textile and clothing manufacturing town of Hammarsdale, west of Durban, has been thrown a lifeline, giving hope to its legion of the unemployed.

Riverside Shopping Centre in Bryanston is now offering customers even more, with great new retailers and restaurants joining the recently revamped shopping centre, including a much larger Woolworths, which has expanded from 420m2 to 1,650m2 and now offers a deli, bakery, fishmonger, coffee cart and more.

Moolman Group partnered with Kuruman Eiendomsontwikkelaars in 2013 to acquire the existing Shoprite Centre on Livingstone Street, situated in the heart of Kuruman in the Northern Cape.

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