As the population of Ekurhuleni grows at a rate of between 3% and 4% a year, the area has become one of the largest informal settlements in the country with 119 informal settlements housing 162,000 people.
While the Ekurhuleni Metropolitan Council has admitted at its housing summit that it has performed poorly when it comes to providing homes for its residents, President Jacob Zuma says great strides have been made in delivering basic services to South African communities.
With rising operating costs and the economic slowdown in SA likely to affect commercial property developments within the next few months, it is an opportune time for developers to explore the business case for green buildings, says Nedbank Corporate Property Finance Gauteng Regional Executive Ken Reynolds.
The Green Building Council South Africa has announced the launch of the EDGE rating system - a new green building certification programme for the residential property market - to be utilised for homes in South Africa.
The rental property market appeals to landlords wanting to earn a passive income on their rental properties, but they face the risk of non-payment by tenants, as well as property damage and even theft.
Dihlabeng Mall in Bethlehem, acquired by Investec Property Fund in June 2014, is to get a 5000m2 extension, anchored by a full-line Woolworth's store of over 3000m2. The expansion is scheduled to open for trading in August 2015.
Minister in the Presidency for Planning, Performance, Monitoring, Evaluation and Administration, Jeff Radebe, says government aims to achieve at least 100 convictions against people fingered for corruption in the public service.
Winter in Cape Town often results in a drop in visitors looking for short-term accommodation, while much of Joburg and its surrounds become reminiscent of a ghost town over summer months when residents seek December refuge closer to the beach.
Last week's collapse of yet another proposed multi-billion-rand merger in the R300bn listed property sector raises renewed questions on whether consolidation is necessarily in shareholders' best interests.