In line with the National Development Plan, investment in infrastructure remains a policy priority with public-sector infrastructure investment plans totalling R987.4 billion over the medium term.

South Africa’s economy has been revised down to grow at a rate of 0.5% in 2016, National Treasury said on Wednesday.

Finance Minister Pravin Gordhan says National Treasury will take a measured consolidation approach in order to create conditions that will set the country on a path of rapid economic growth.

Ratings agency Standard and Poor’s will today make its decision public on South Africa’s credit rating.

Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.

A prime piece of land in Bantry Bay, once a land claim belonging to the Tramway Trust, is now under development and set to become the biggest development ever in Cape Town.

While much has been made of the proposals contained in the first interim report of the Davis Tax Committee on estate duty, particularly those related to trusts, as well as in this year’s Budget Speech, these structures remain viable and useful instruments.

Adjustments to transfer duty on property in the 2016 national Budget are to impact only the upper end of the residential property market.

A government expenditure review has found that government could save 20% on its current property leases over the next three years.

Government and state-owned companies (SOCs) is set to spend R865.4 billion on public sector infrastructure, over the course of the next three years.