The official opening of the multi-billion rand Steyn City Lifestyle Resort, north of Fourways in Johannesburg, heralds a new era in South African property circles with the 2 000 acre project representing Africa’s largest residential development to date.

Property Point has already enabled South African small businesses to generate over R217.4 million in procurement opportunities and report revenue growth of 27.5% well above the national average.

This month, 25 March 2015 the global spotlight falls on opportunities and potential for Africa’s built environment as the Royal Institution of Chartered Surveyors (RICS) holds its 2015 Africa Summit in Johannesburg, South Africa.

Nedbank continues its commitment to the development of areas outside South Africa’s major centres, this time in partnership with Neotrend Khala Cose Developers (Pty) Ltd for the first phase of a new value centre in Secunda, Mpumulanga.

Niche retail Real Estate Investment Trust (REIT), Fairvest Property Holdings Limited announced an interim distribution of 7.427 cents per linked unit, a 10.03% increase of the comparable period which is at the upper end of the guidance previously issued of between 9% and 10% growth in distribution.

Greater energy efficiency is now crucial for both business and ordinary citizens, the Green Building Council of South Africa warned in the face of further electricity hikes which have been proposed in the 2015 Budget.

Texton is pleased to announce that it has reached agreement with a broad-based black economic empowerment Consortium to purchase around 20% of Texton shares. 

As an unlisted property-owning company, Pareto welcomes the news of Government’s proposal that unlisted property owning companies should qualify for the same tax treatment as listed REITs (Real Estate Investment Trusts), if they become regulated.

South Africa’s commercial real estate sector welcomed the announcement by Minister of Finance Nhlanhla Nene in his budget speech yesterday that National Treasury is supporting, and working towards, extending South Africa’s REIT (Real Estate Investment Trust) dispensation to unlisted property-owning companies.

South Africa’s gross domestic product (GDP) increased by 4.1% in the fourth quarter of 2014, Statistics South Africa (Stats SA) said.