Durban - Spoornet, along with Rand Merchant Bank and KMM, are hoping talks with the Ghanaian government to take over the running of the country's western railway lines will be successfully concluded by the end of the year.
Grahamstown - The strong rand, high interest rates and weak global economy pushed the Investec purchasing managers' index (PMI) to its worst-ever level in May, indicating that the manufacturing sector has already moved into recession.
Inframax, the property developers currently involved with R155 million worth of development around South Africa have, in joint venture with Colin Plit, bought the Arcadia Shopping Centre in Brighton Road, Kraaifontein. Recently, Inframax also purchased the Lakeside Shopping Centre.
Stuart Chait, one of the founders of Mvelaphanda Property Holdings, the Cape based property company, has left MvelaProp to set up a mezzanine finance and private equity group to assist property developers.
CAPE TOWN International delegates attending conventions in Cape Town spent R1413 a day each 40,4% more than international leisure tourists, a new survey of the convention industry has found.
From today, we will run a column that covers the measurement and management of risk in property investment. Let's start by identifying the various economic risks:
Sol Kerzner's One&Only luxury resort group appears set to secure a 99-year lease over the entire 16ha Inanda Club property, which is just a few kilometres from Sandton and central Johannesburg.
The IPD South Africa hosted a valuation workshop to discus a number of key valuation related issues. We report on some of these discussions as well as reflecting on an international paper posing some alternative thoughts.
Walk is the only shopping centre in the country that has successfully established itself as a true super-regional, according to the findings of research undertaken by Urban Studies.
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