Gaming giant Sun International could foot a large development bill, equivalent to roughly a quarter of its market capitalisation, if it's allowed to move its Morula Sun casino operation from its location outside Mabopane to the more vibrant surrounds of Menlyn in Tshwane.
Sun International plans to create a new R3bn urban entertainment destination at Menlyn in Tshwane's eastern suburbs.
In a move dubbed Operation Reclaim, the Tshwane Metro Council has identified the revitalisation of the Pretoria city centre as one of its key focus areas for spurring economic activity through transforming the city into an attractive destination for business, residents and visitors alike.
There’s a new broom sweeping through Tshwane and it has some ambitious plans. Beginning on the inside track back in April when the City corralled the Ethics Institute of SA and the South African Bureau of Standards into helping the city obtain a cleaned-up and world-class governance system. Now on the outside, in the words of city manager, Jason Ngobeni, we want to take our city back “street by street.”
N4 Gateway, a new light industrial park development by Uniqon Wonings (Pty) Ltd to the east of the City of Tshwane, redefines the concepts of safety and security for light industrial parks.
Eugene Beneke, CEO of Iliad Africa Limited, the JSE-listed building materials supplier, confirmed on Monday that the group's acquisition of DOH in the North West Province had received competition commission approval.
DOH is the largest and most-established general building materials supplier in the Brits area and fills the trading space for Iliad between Tshwane and Rustenburg. DOH's highly capable and experienced management team have been retained, in line with Iliad's philosophy on owner-managed enterprises.
Beneke says the group is now proceeding with the roll out of a further three general building materials stores in the Tshwane and North West region following on competition commission approval. All well-located, the stores in Centurion and Wierda Park will begin trading end November under the well-established Ferreira's Buildware brand name and the third store in Hartbeespoort will trade under DOH.
The acquisitions are expected to add at least R180 million a year to Iliad's turnover from 2010, broadening the retail presence in its general building materials division.
Beneke also noted that, as reported on SENS recently, the group had indicated its intention to extend its current strategic black economic empowerment (BEE) shareholding arrangement with the Women's Private Equity Fund and Vunani subject to shareholder and regulatory approval.
Alliance Group will be bringing two well situated commercial properties to the auction floor on July 15.
SA Corporate Real Estate Fund, one of the country’s largest listed property funds, declared an interim distribution of 14,5 cents a unit, which was in line with expectations of management
Many pundits are saying that the South African property market is overheated and a major downward correction is imminent

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