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. 

Efforts are being stepped up to alleviate electricity supply constraints, with government preparing to expand the Independent Power Producer (IPP) initiative, said National Treasury.

This is according to Finance Minister Pravin Gordhan who tabled the 2016 Budget during a joint sitting of the National Council of Provinces (NCOP) and the National Assembly, in Parliament, on Wednesday.

Excerpts from The 2016 National Budget tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 24 February 2016.  

The new multi-million rand Tugela Ferry Mall and Jozini Shopping Centre in rural KwaZulu-Natal has been trading very well since opening and both have had an excellent festive season.

According to Catalyst Fund Managers, the yield to maturity on the Long Term Government Bond Index weakened by 5bps to end the month at 8.44% (8.39% - 31st August 2015).

The results represent the first full year performance of Ascension since Rebosis acquired the asset manager of Ascension in February 2014.

Ongoing high municipal rate hikes are harming communities because of a lack of understanding about the far-reaching impacts of these increases reports Marius Muller, CEO of Pareto Limited. 

Nasdaq-listed hotel operator Marriott International will be opening two new branded Marriott properties in Johannesburg’s Melrose Arch precinct in February.