Wednesday, 26 June 2013 13:56

Rural retail still tops in Eastern Cape

The Eastern Cape, a region mostly overlooked by commercial property investors when compared with other parts of South Africa, is experiencing a sustained retail and property boom.

Cape Town-based investment company, Eleo Capital, has announced the inception of a new distressed property fund, which will be invested in the residential property market in the Western and Eastern Cape.

The building of the R120m Nkosi Dalibhunga Mandela Legacy Bridge outside Butterworth in the Eastern Cape is on schedule and will officially be opened on May 10 to commemorate the day Nelson Mandela was inaugurated as President.

Forming part of a larger national property portfolio, two office blocks in the Eastern Cape, tenanted by Blue Chip companies, will fall under the hammer on 06 March. 

Generally, in a subdued market, such as that currently experienced in the residential property market, there are areas where good value, facilities, or industry become the drivers for demand, and this is the case in the Eastern Cape

Details on government's planned infrastructure development, South Africa's credit rating and growth forecast are some of the issues business hopes to gain clarity on when Finance Minister Pravin Gordhan tables the 2012 Medium-Term Budget Policy Statement (MTBPS) tomorrow.

Government will require the support of investors to realise the speedy implementation of South Africa's proposed mega infrastructure programme, says President Jacob Zuma.

Friday, 12 October 2012 18:30

SA power supply to remain tight

South Africa's electricity supply is expected to remain tight in summer as Eskom – which will soon submit its next tariff application to the energy regulator - moves to do more maintenance on its plants.

Thursday, 27 September 2012 13:59

Eastern Cape Farm interest improving

The worldwide economic recession has had a severe impact on farm sales countrywide, and the Eastern Cape’s farm sector has suffered accordingly. Gone are the days when buyers arrived with open cheque books and bought whatever they could.

Thursday, 27 September 2012 12:57

Excellerate accelerates

Excellerate Property Services (EPS), which was formed following the Excellerate group’s acquisition of a stake in JHI Properties in 2010, is on a concerted growth path, says Marna van der Walt, CEO of EPS

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