Work is afoot on reconfiguring the South African electricity sector by addressing challenges faced by Eskom, with the board of the first subsidiary of the power utility to be appointed by mid-2019, Treasury said on Wednesday.

Minister Tito Mboweni’s 1st Budget is likely to be a “tough” budget, with economic weakness constraining revenues along with a seemingly endless list of urgent spending priorities, some bordering on crises, giving him little room to manoeuvre.

Herschel Jawitz, CEO of Jawitz Properties, Chris Renecle, MD of Renprop and Dr. Andrew Golding, chief executive of the Pam Golding Property group, do all agree that the residential market is in for an interesting time in 2019 in South Africa.

Consulting Engineers South Africa (CESA) is in full support of President of the Republic, Cyril Ramaphosa’s 2019 State of the Nation Address focusing on ‘Following up on our commitments: Making Your Future Work Better’.

A highlight on South Africa’s political calendar kicks off tomorrow at 17h00.

South Africa’s real estate investment trust (SA REIT) sector is heading for a re-rating; the question is whether the sector will rally this year or next?

The value of outstanding credit balances in the South African household sector increased by 5,7% to R1 630,2 billion in 2018 after rising by 3,8% in 2017.

Private sector-financed building activity (see explanatory note) in the South African market for new housing remained subdued in the first eleven months of 2018, based on data released by Statistics South Africa.

Although the Camps Bay market has responded predictably to the prevailing socio-economic climate with lower sales volumes across the board, it has proven more resilient than most comparable areas this year with a 1.88% increase in the average house price and a diminishing gap between asking and selling prices.

Broll Property Group (Pty) Ltd announced this morning that it has ended its affiliate partnership with US-based CBRE Group, Inc.