In the midst of a rapidly contracting economy in limbo under an extended lockdown, today’s (21 May 2020) announcement of a further reduction of 50 bps in the repo rate will have a positive effect on the residential property market, albeit deferred until potential buyers can begin transacting in earnest, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

There have been signs of significantly improved economy-wide sentiment early in 2018, an improvement that many link to the change in the ruling party’s leadership, which translated into a change in the country’s President too.

AS the Eastern Cape’s largest shopping and entertainment centre, Baywest Mall, marks its second birthday this month (May 21), its performance for owners Rebosis Property Fund suggests consumer appetites for super-regional malls are far from waning.

Wednesday, 07 December 2016 12:13

Metro targets IPTS bus lanes

After building bus lanes for Nelson Mandela Bay’s beleaguered Integrated Public Transport System, the municipality now wants to remove some of the infrastructure to ease traffic flow.

Tuesday, 06 September 2016 14:47

Social housing for inner city

Face of PE's inner city is set to undergo a drastic revamp, with plans to transform some old, rundown buildings into social housing projects.

In a bid to attract new businesses to Uitenhage, Bay municipality and Coega are planning expansion of the R287m Nelson Mandela Bay Logistic Park.

Westbrook mega-development launches in Port Elizabeth

Face of Nelson Mandela Bay is set to change dramatically with South Africa's largest mixed-use housing development getting the green light to build 40000 homes near Coega.

Government has made significant strides in public transport infrastructure development, says Transport Minister Dipuo Peters.

Thursday, 13 June 2013 17:39

Coega IDZ investments reach R1.2bn

Building projects in the Coega Industrial Development Zone (IDZ) have injected over R1.2bn into the Nelson Mandela Bay construction industry over the past two quarters.

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