A decade of corporate semigration and decentralisation fuelled the Winelands commercial sector, with increased demand boosting development, however, this has begun to taper off,

precipitating a number of significant market shifts.

PSG Alpha Investments, a subsidiary of the JSE-listed PSG Group, has acquired a 50% stake in Evergreen Lifestyle, South Africa’s pre-eminent provider of retirement living and a division of the Amdec Group.

The total value of sales in the South African housing market has been steadily increasing, with an 8.3% increase in the value of residential-property transactions from 2014 to 2015.