Vantage Capital , Africa’s largest mezzanine fund manager, announced today that it has provided $12.5 million of funding to Purple Capital, a prominent Nigerian real estate company and financial service provider.
It has been common practice for municipalities to sell vacant properties for both commercial and residential development, subject to a title deed condition that the property must be improved within a certain period or the properties would revert back to the municipality.
The Constitutional Court in the Case of Chantelle Jordaan and others V City of Tshwane Metropolitan had to determine if Section 118(3) of the Local Government Municipal Systems Act 2000.
Until very recently new owners of properties were held liable for the historical debt of a seller due to a municipality in terms of Section 118(3) of the Municipal Systems Act.
Investec Property and CRI-Eagle Investments have entered into a partnership to develop a prime piece of land located in the heart of the Sandton CBD.
Resilient Property Income Fund has received a claim for almost R1bn relating to alleged damages suffered by a property investment group as a result of Resilient family firm Capital Property Fund’s acquisition of Clairwood Racecourse.
SOUTH Africa has renegotiated its double tax agreement with Mauritius following earlier concerns by the South African Revenue Service (SARS) and the Treasury that South African multinational were abusing the current treaty negotiated in 1996.
Werksmans Attorneys director Paul Coetser says the Construction Fast Track Settlement Process has worked well.
The recent introduction of independent power producers in South Africa is essential for the government to be able to “keep the lights on” and avoid the rolling blackouts of a few years ago.