Today saw the official launch of the Rugby development by the City of Cape Town, Nedbank and developer, Inframax.  

Inframax Holdings, a property developer active in the middle to upper end of the residential property market, has closed its order book because of the overheated state this sector finds itself in.

Development company Inframax expects a national annual growth rate of 35%, and the turnover of its KwaZulu-Natal division to remain the highest in the group.

This emerged from a two-day workshop held in Durban recently, and attended by the company's senior managers, including MD Willie Els.