eProperty News

A number of significant amendments to the City of Cape Town’s Municipal Planning By-laws of 2015 were promulgated this month (3 February), impacting both home owners and property owners in the hospitality industry who offer short-term and holiday accommodation.

For decades, baby boomers ruled the corporate world and, during this time, one of the key hallmarks of a company’s success was always its property; preferably a large, imposing building at a prestigious address where the workers all gathered together daily at the same time to conduct business.

While the overall risk environment has heightened since last year, a strategic focus on balance sheet management and a relentless pursuit on delivering sustained value is providing Redefine with a buffer against the economic challenges.

There is a direct link between the stability of an economy and ongoing development – and currently the local construction and property industries are undeniably experiencing a lull due to reduced expenditure by government on large scale infrastructure projects as well as uncertainty in the private sector investment markets.

JSE listed diversified real estate investment trust Redefine Properties’ today announced that Leon Kok will transition from his current role as financial director to chief operating officer when incumbent David Rice retires from the company on 31 August 2020.

As anticipated, President Cyril Ramaphosa spoke to the urgency for economic growth and the need for a serious and sustainable increase in the employment rate in his State of the Nation address last night. 

Herschel Jawitz has cautiously welcomed President Ramaphosa’s State of the Nation address, which addressed most of the critical issues facing the country but not necessarily in enough detail.

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