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In the News this past week

No transfer duties for property valued below R1m.

South Africa’s economy is expected to grow by 0.9% in 2020, National Treasury said.

Equites partners with Shoprite in strategic joint venture arrangement.

Herschel Jawitz, CEO of Jawitz Properties, believes that from a consumer point of view the 2020 Budget is significantly better than that of 2019, especially against what was expected.

Hyprop, a retail-focused REIT listed on the JSE, today reported interim results that demonstrates progress in implementing the Company’s new strategy.

53 Telkom properties coming up for auction

GoIndustry DoveBid SA (GoIndustry) is hosting another massive property auction on behalf of their long-standing client, Telkom.

This online auction will feature approximately 53 properties which are located across South Africa, and will include commercial and industrial buildings, vacant erven as well as agricultural land.

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Spear REIT Limited appoints first female member of Executive Team in leading role

JSE listed Spear REIT Limited announced the appointment of Mrs. Kim Pfaff-Karg as Chief Investment Officer who will join the business on the 1st of March 2020.

Kim will perform a strategic role across the business with a focus on acquisition, disposals, portfolio valuations and other corporate business requirements..

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