Amdec’s The Yacht Club breaks ground with 80% of its apartments sold out
Construction has commenced at The Yacht Club, a unique R1.3bn mixed-use iconic development by the Amdec Group, South Africa’s leading developer of New Urban lifestyles.
Building sector confidence regains some ground in Q3
After falling to 34 in 2Q2016, the FNB/BER Building Confidence Index increased by 4 points to 38 in 3Q2016.
The value of new mortgage lending continued its year-on-year decline in Q2, but at a slightly slower pace
2nd Quarter 2016 SARB New Mortgage Lending data showed a 2nd consecutive quarter’s year-on-year decline.
Gross Domestic Product increases by 3.3% in second quarter of 2016
Statistics South Africa (Stats SA) Deputy Director-General Joe de Beer says the country’s headline figure, the real gross domestic product (GDP), grew by 3.3% in the second quarter of 2016.
Globe Trade Centre income grows as portfolio expands
Globe Trade Centre grows its income-generating portfolio 9% in the six months to June.
Murray and Roberts exits construction sector
Murray and Roberts will focus on three core sectors in future — underground mining, oil and gas, and power and water, says group.
Legal costs bite into Sun International’s profit
Sun International’s (SUI) expansion into Latin America helped it grow overall revenue 15% to R12bn‚ but the casino group lost R503m in the year to end-June due to purchasing costs and legal settlements.
Local conditions force Basil Read to look for projects in rest of Africa
Basil Read is on the lookout for prospects in the rest of the continent as the local construction sector remains subdued.
First half of 2016 saw the planning phase of new housing contracting, with the construction phase showing single-digit growth
Building activity in the South African market for new housing showed some divergent trends in the first half of 2016.
Cannon Asset Managers looks at rising stars and fallen angels
Dr Andrew Dittberner, Chief Investment Officer, Cannon Asset Managers, warns of the danger of confusing “Big” with “Great”.
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