South African power utility Eskom has moved to allay fears that its Medupi power station was likely to be delayed by two years.

An emerging trend for property investment in China is ‘HOPSCA’, (hotel, office, parking blocks, shopping centres, apartments) and JHI investgates whether they can redirect some of this energy into Africa.

Emira Property Fund has announced a rise of 6,7% in distributions to 108,08c per participatory interest unit for the year to June thanks to a recovery in the global economy.

Emira Property Fund announces a distribution of 108.08 cents per participatory interest (PI) unit for the 12 months ended 30th June 2010 – 6.75% up on the previous year

SOUTH African listed property was the second-best performing asset class last month, returning 6,68%, beaten only by equities, which recorded a total return of 8,05%, but the sector’s outlook for the year is still uncertain.

Government projects, particularly the development of integrated rapid public transport networks in SA are likely to drive the construction sector over the medium term.

Retail development in Mozambique is set to increase significantly over the next few years, says Wayne Wright, business development director for JHI property services company.

A wilderness hotel and two guesthouses in Hermanus were among the lots that were on offer at the Savile Row auction at Summer Place on Wednesday, in a market that is still showing a strong appetite for quality commercial, industrial and residential properties.

The vacant Woodbrook factory of the once prosperous textile company Castellano-Beltrame will go under the hammer at the end of the month.

Sandton City’s refurbishment project has, through a dedicated recycling approach, helped to support a number of charities and communities in the Gauteng area.