Landsdowne Property Group has welcomed the 25 basis point interest rate cut, viewing it as a significant positive shift in market sentiment for the property market and especially the Johannesburg market which needs rejuvenation.

The South African Reserve Bank's (SARB) Monetary Policy Committee (MPC) has decided to reduce the repo rate by 25 basis points, with effect from 31 January 2025.

Johannesburg’s inner-city is a truly African city and a place of inclusion, economic growth and opportunity. So said Paul Jackson, CEO of TUHF, at the official opening of Fedsure House – the newest property refurbishment project undertaken by Samuel Beyin, the CEO of Focus1 student accommodation and a long-standing TUHF client. Located at 13 Plein Street in Johannesburg’s CBD, Fedsure House is a state-of-the-art student accommodation facility.

Despite the Covid-19 pandemic, inflation-fighting interest rates and slow economic growth, South Africa boasts the largest commercial real estate (CRE) industry in Africa. If recent reforms persist, interest rates continue to lower and key metros stabilise, a long-awaited commercial property boom could follow.

Job creation remains one of the biggest challenges in South Africa and as such developing entrepreneurs offers one opportunity to address this issue.

With R127-billion’s worth of investments earmarked for the Eastern Cape across an array of sectors and spanning a significant portion of districts, Gqeberha is seeing an influx of home buyers and investors, as well as renters, relocating to Nelson Mandela Bay Municipality from Gauteng.

Fairvest Limited announced results for the year to 30 September 2024, with an annual distribution of 138.34 cents per A share and 43.29 cents per B share, ahead of the guidance issued to the market. 

The ongoing strengthening of property fundamentals, combined with rising demand and increased market activity, alongside declining interest rates, will position South African REITs for a strong growth trajectory heading into 2025.

KwaZulu-Natal’s town of Empangeni will soon have a state-of-the-art shopping mall.

The 2024 Greenovate Awards have once again highlighted the remarkable ingenuity of South African university  students in developing sustainable solutions for the built environment.