Ericsson, the Swedish telecommunications giant, is the latest global tech company to move to Waterfall.

Finance Minister Enoch Godongwana delivered his maiden budget speech yesterday with few surprises. A R181 billion tax windfall, primarily as a result of a commodities boom, has helped to improve the state’s fiscal situation.

Local and international migration have undoubtedly been driving forces in the South African property market during the past decade and their recent resurgence after travel and lockdown restrictions were eased have come as no surprise.

The Passenger Rail Agency of South Africa (PRASA), through its Property Division, PRASA Corporate Real Estate Solutions (PRASA CRES) invites members of the private sector to submit proposals for leasing, upgrading or development of identified properties at various train station across the country.

The new Property Practitioners Act (PPA), which came into effect on 1 February 2022, has been designed for increased support and regularisation of the sales and rental industries and other immovable property professions.

Situated in the heart of Cape Town City Centre just off Long Street, Uxolo on 4 Vredenberg Lane provides a unique combination of long-term rental and short-term lease in modern, design-led micro apartments.

Growthpoint Properties (JSE: GRT) will apply its cross-sector development expertise to the R200m residential conversion of its Riverwoods office park in St Andrews, Bedfordview, in joint venture with Setso Property Fund (49%) and in collaboration with BlackBrick Hotels.

The 13-storey Sunbel building, a landmark in Cape Town’s Bellville Central Business District, is up for sale.

Vukile Property Fund’s (JSE: VKE) 88% held Madrid-listed subsidiary, Castellana Properties Socimi, has acquired a 21.7% shareholding in its market peer Lar España Real Estate Socimi.

According to Yael Geffen, CEO of Lew Geffen Sotheby’s International Realty, the decision by the South African Reserve Bank’s Monetary Policy Committee (MPC) to raise the repo rate by 25 basis points to 4% is not unexpected.