Mace has released its latest tender cost update for Sub-Saharan Africa, showing mixed performances for the region’s two most prominent economies.

The Master Builders Association (MBA) North says that the continuing trend of main contractors delaying payment of their sub-contractors – or defaulting altogether – is a symptom of the deteriorating health of the construction industry.

The KwaZulu-Natal (KZN) SA Women in Property Awards (SAWIPA) took place last night at Coastlands Umhlanga in celebration of women in the regional property industry that continue to make significant inroads into the traditionally male-dominated industry.

The planning phase of residential building activity improved in the first half of 2018, but the construction phase contracted sharply.

The opportunity to obtain 10% yields across different sectors has made Francophone Africa attractive for Cornet compared to Europe.

The South African Property Owners Association (SAPOA) executives and members of the board met with the City of Nelson Mandela Bay Municipality yesterday evening as part of its Meet the Mayor initiative.

JSE listed diversified Real Estate Investment Trust (REIT) Redefine Properties remains firmly focused on delivering customised solutions in the industrial property sector despite constrained economic conditions.

Residential building activity in the planning phase improved, with the construction phase contracting in the first four months of 2018.

The announcement on the 15 June 2018 that Basil Read Construction is applying for business rescue is a clear indication of the critical state of the construction industry, says Mohau Mphomela, Executive Director, Master Builders Association North.

The Property Practitioners Bill (PPB) was gazetted for comment in March 2017, and the industry is holding its breath for the 10 000 new jobs that will likely be created with its official implementation, but prospective home buyers must take heed not to trust unqualified service providers.