eProperty News

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.

JSE listed Spear REIT Limited announced the appointment of Mrs. Kim Pfaff-Karg as Chief Investment Officer who will join the business on the 1st of March 2020.

Hyprop, a retail-focused REIT listed on the JSE, today reported interim results that demonstrates progress in implementing the Company’s new strategy.

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.

Wednesday, 26 February 2020 20:01

No transfer duties for property valued below R1m

From next month, consumers buying property valued at less than R1 million will no longer be required to pay transfer duties, the National Treasury announced on Wednesday.

The Joe Singh Group, which acquired One Vision (Pty) Ltd in 2013, today announced that the High Court has ruled in its favour regarding the Lahleni Lakes Golf Estate case brought by Mr Singh against former One Vision director, Mr Ralston Smith.

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