News of yet another principal contractor entering business rescue with tens of millions in debt puts scores of sub-contractors at risk, says MBA North.

Lucid Ventures, the R350M Cape Town based Hotel Fund, this week announced the launch of an all new boutique hotel brand Home* Suite Hotels into the South African market.

Finance Minister Tito Mboweni says the South African Revenue Service will collect R15.4 billion less than earlier projected.

No quick fix for SA’s Budget, but there’s some hope….

Berry Everitt, CEO of the Chas Everitt International property group, says that the very detailed State of the Nation Address dealt with all of the economic and social issues that are currently of concern to the real estate industry, including the need to rebuild investor and consumer confidence in SA, stimulate economic growth, accelerate job creation and eliminate widespread corruption.

The SA REIT (Real Estate Investment Trust) sector is updating its best practice recommendations to make financial reporting of South African REITs even clearer and more comparable.

Tuesday, 02 October 2018 09:23

In property, we trust

Financially speaking, the notion of a trust tends to have connotations to wealth and independence (trust fund children?!) but when it comes to property and trusts, it is useful to know your trust benefits from your tax law in order to determine if this is a viable route for protecting your asset and optimising your money.

Wednesday, 25 May 2016 14:55

Hot tax tips for rental property owners

Over the past few years, economic uncertainty and stock market volatility has boosted investor interest in residential rental property.

The SA REIT (Real Estate Investment Trust) sector has published Best Practice Recommendations that will make financial reporting of South African REITs clearer and more comparable.

Due to increased concern that the UK property market, particularly London, has been used by foreigners to launder money, the British government has announced that the Land Registry will shortly publish the full list of 10 000 titles held by foreign companies.

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