eProperty News

Tradehold’s South African business, the Collins Group, delivered outstanding results in the six months to end August, achieving a net profit of £3.3m.

Gerhard Kotzé, MD of the RealNet estate agency group, says that while the real estate sector is currently performing very well in spite of the major contraction in the economy this year, it will be difficult to sustain this momentum without the consumer and business confidence that comes from a growing economy in which new jobs are being created.

The Minister of Finance hit the nail on the head when he said that it is not only investors who need confidence, but also the average South African, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

A senior government official is among 11 suspects expected to appear in the Nelspruit Magistrate's Court in connection with dubious land deals amounting to almost R124 million.

The SA REIT Association (SA REIT or the Association), the representative umbrella body for South Africa’s listed property sector is rolling out a repositioning strategy and additional capacity to support South African REITs adjust for long-term sustainability.

As the country emerges from COVID-19-related lockdowns, the hard lockdown having been in April and May 2020, high frequency data points to quite a lengthy road back to “full” recovery for the economy.

During the third quarter of 2020 (Q3 20), South Africa’s COVID-19 lockdown moved from Alert Level 3 through to Level 1.

MAREF (Momentum Africa Real Estate Fund) received an API Award for Landlord of the Year, from the API (African Property Investments) Summit Virtual.  

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