McCormick Property Development celebrated the launch of its 66^th development with the opening of Katale Square this week.

The R155 million first phase of the new Sky City Mall, catering for the residents of Waterval, Palm Ridge and Kathlehong some 35km south east of Johannesburg in Gauteng’s Ekurhuleni Metro, is trading well since opening its doors to scores of shoppers on 18 April.

Abland is pleased to announce the completion and opening of Soshanguve South View Shopping Centre together with its partners; Melana Developments and Fairvest Property Fund.

Massmart opens its second Builders Warehouse store in Botswana‚ in line with its African expansion strategy.

Soweto will enter a new era of convenient, quality retail when Diepkloof Square community shopping centre opens, fully let, on 29 November 2012.

Situated in the heart of one of the most affluent areas in Soweto, Diepkloof Square community shopping centre is set to transform convenient shopping for this community

Building materials group Cashbuild has reported a 7% decline in diluted headline earnings per share to 664.5c for the year ended June 2011 from 713.7c a year ago.

Cashbuild has reported that revenue for the company for the fourth quarter is up by 5% on the fourth quarter of the prior financial year.

Were it not for a BEE transaction, Cashbuild’s operating profit for thesix months to December 2010 would have risen a rather dramatic 43%, to R167m.

Building materials retailer Cashbuild had been faring admirably throughout the recession.