With the South African Reserve Bank’s announcement of interest rates cut of 100 basis points and earlier transfer duty exemption for properties below R1 million by the Minister of Finance, local regulations have made it attractive for first-time home buyers to enter the market.

On 15 March 2020, President Cyril Ramaphosa declared a National State of Disaster in response to the global Covid-19 pandemic.

Consulting Engineers South Africa (CESA) is hosting its annual Infrastructure Indaba on 11-12 March 2020 at the Spier Conference Centre, Stellenbosch.

The South African Gross Domestic Product (GDP) contracted by 1.4% in the fourth quarter of 2019, Statistics South Africa (Stats SA) has revealed.

There is a direct link between the stability of an economy and ongoing development – and currently the local construction and property industries are undeniably experiencing a lull due to reduced expenditure by government on large scale infrastructure projects as well as uncertainty in the private sector investment markets.

As anticipated, President Cyril Ramaphosa spoke to the urgency for economic growth and the need for a serious and sustainable increase in the employment rate in his State of the Nation address last night. 

Concor’s new group CEO Lucas Tseki is confident South Africa’s construction sector is turning the corner, provided there is no further delay in the adjudication and awarding of large infrastructure contracts by government agencies.

Local cement manufacturers are being severely undermined by cheap imports from countries such as China, Vietnam and Pakistan.

The outgoing Mayor of Johannesburg, Mr Herman Mashaba was among a line-up of expert speakers in the property, urban planning and government sectors, assembled to tackle the question of how to unearth inner city potential - making investment more accessible and profitable.

A free advice centre is helping to facilitate formal residential property transactions in Cape Town’s largest township, Khayelitsha.