Growthpoint Properties (JSE: GRT) reported distributable income growth of 2.2% to R3.2bn, an increase in dividends per share of 0.2%, and a 14.9% increase in group property assets to R160.2bn for its six-month period to 31 December 2019.

Wednesday, 11 March 2020 20:35

Building the community from the ground up

It is imperative to the growth of the South African economy, and our social responsibility, that big businesses support small businesses within the construction industry, and give back to the community.

The residents of Mzuri, a new residential estate in Somerset West, will not be left in the dark during load shedding, thanks to the developer’s forward-thinking investment in alternative energy options.

Shoppers at Rosebank Mall in Johannesburg can look forward to a world-class supermarket in the fourth quarter of this year when Checkers will open the doors to one of its high-end stores in the ground floor space recently vacated by Edgars.

Bloemfontein is experiencing a surge in residential property transactions concluded by young home buyers, particularly first-time buyers, who are snapping up homes mainly in the price band below R1million, says Ulrich Sirgel, area principal for Pam Golding Properties.

Fairvest Property Holdings Limited (“Fairvest”) today again announced solid results for the six months to December 2019, with above market distribution growth of 5.1%, net property income growth of 2.2%, 5-year lows in vacancy rates and consistently low arrears.

Thursday, 27 February 2020 22:13

Consumers get more than expected

Herschel Jawitz, CEO of Jawitz Properties, believes that from a consumer point of view the 2020 Budget is significantly better than that of 2019, especially against what was expected.

Apart from the tax reprieve announced by Finance Minister Tito Mboweni in the National Budget, with no major tax increases and even personal income tax relief across the board.

Wednesday, 26 February 2020 20:27

Economic growth revised downward to 0.9%

South Africa’s economy is expected to grow by 0.9% in 2020, National Treasury said on Wednesday.

Today, after implementing various sustainable interventions, Vodacom officially launched its newly refurbished Century City building in Cape Town.

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