1 Oct 2013

Property & Real Estate

From money to Mxit... Michael Jordaan

Michael Jordaan has joined Mxit. Jordaan is the former CEO of First National Bank and a recent recipient of the CNBC Africa Business Leader of the Year for Southern Africa award, and will join Mxit as chairman of its board of directors.

He says, "It is difficult not to have a sense of pride about a home-grown South African company making such an impact in the social media and mobile space. It was an easy decision to join as chairman and I am looking forward to playing a part in the future of Mxit, both in South Africa and internationally."

Little hurts more than coming up with a great product only to see some swine steal it - which is why it's good news that there is help on hand for brand owners in fighting counterfeiting.

And just to prove women have what it takes when it comes to farming, a young female farmer has reaped two awards for her excellent work at Rethabiseng Sustainable farm. Sphiwe Machika (28), from Rethabiseng in Bronkhorstspruit has won the Provincial Female Farmer of the Year Award and the National Female Entrepreneur of the Year Award.

Another winner - well, a few in fact, have been announced... They are the Eco-Logic Award winners.

Finally, as a man who prides himself on his choice in footwear, our tame motoring editor Henrie Geyser reckons the new Astra looks good with a boot.

Rod Baker, Content Director

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Weekly top stories

The impact of technology on real estate
Since the arrival of smart phones, lower cost and faster bandwidth, the internet is no longer a business tool - it's a utility to which every homeowner has easy and ready access. You can communicate with friends and family abroad or around the corner, you can do research, and you can buy things - anything from groceries to movies, from books to computers. But can you use the Internet to buy property? Read more >>

Property & Real Estate
Get a Masters in Publicity
[Issued by Bizcommunity.com] Originally the main function of the Bizcommunity Press Office was as a simple conduit for company news and to distribute press releases, but since it has evolved and expanded into a hub where clients can monitor performance of their publicity and manage their recruitment advertising. Read more >>  visit press office >>


Commercial
Tower Mall opens in Klerksdorp in October
Tower Mall, a 15,400sqm retail centre, will open in Jouberton, Klerksdorp on 25 October 2013. Funded by Dipula Income Fund and developed by Landmark Real Estate Services, the R155 million mall is almost fully let. Designed by VH+S Architects, it is funded by Absa with leasing consultant as Citynet. Read more >>

Joint development of new precinct at Century City
A new joint venture of R423 million has been entered into to develop the new precinct at Century City in Cape Town. Read more >>

New Rockridge development at uMhlanga Ridgeside
Historically uMhlanga Village, with its beautiful beachfront, pavement cafes, open-air pubs and restaurants and more traditional feel, was far away - both literally and figuratively, from its more chic cousin over the hill, the Gateway Theatre of Shopping, said Elwyn Schenk, area principal in uMhlanga and uMdloti of Pam Golding Properties. Read more >>

Mall rat versus the mouse
[Joan Muller] How will speedier bandwidth and increased usage of smartphones and tablets change the way South Africans shop? And will traditional bricks-and-mortar malls become obsolete as e-commerce gains traction? Read more >>

Alberton City Shopping Centre gets a facelift
Alberton City Shopping Centre, situated in the Alberton CBD, is undergoing a R30 million refurbishment. The regional centre, which has served the local community for more than 25 years, was last refurbished in 2008. Read more >>

Property indicator reveals improved performance
The SAPOA/IPD South African Biannual Property Indicator, released yesterday, 25 September 2013, showed that the South African property sector delivered an improved 9.2% total return for the first six months in 2013. Read more >>

Gains in the office sector driven by economy's performance
In light of the low economic growth in South Africa how is the office sector of property performing? Read more >>

Resurgence in Vaal Dam's leisure market
In recent weeks, the Vaal Dam office of Pam Golding Properties (PGP) has reported a marked increase in sales, with eight sales concluded in August alone. Phil Medlock, PGP's area principal said that this represents a 60% increase in unit sales compared with August 2012. Read more >>

Truworths slows drive into Africa
[Zeenat Moorad] Truworths has adopted a cautious and incremental approach to store expansion plans outside SA in order to gain a better understanding of the operating environment and the market potential, the fashion retailer said in its annual report, released last week. Read more >>


Property Management
HVS supports Nairobi Hotel Investment Forum
The siege in Nairobi's Westgate shopping mall has raised obvious concerns over security and safety in a country poised for growth. This was the conclusion of HVS London director Tim Smith, attending the Africa Hotel Investment Forum 2013 in Nairobi this week, following the decision by organisers to go ahead with the conference. Read more >>


Residential
Don Group's loss R3.7m
[Ray Faure] The Don Group has seen a significant improvement in its bottom line since converting all its properties from hotels to rental apartments in 2011. Read more >>

Continued strengthening in residential property prices
ooba's average purchase price has shown a year-on-year price growth of 8.3% to R905 20, while the first-time buyers' purchase price is showing a year-on-year increase of 4% to R686 176. Applications from first-time home buyers remain high, with 51.1% of ooba's intake of bond applications in August from this segment. Read more >>

Home ownership increasingly proving to be a stabilising and social force
The Rawson Property Group's experience over the last two or three years has confirmed that owning a home improves an individual's - and his family's - sense of self-worth and reinforces the breadwinner's determination to earn enough to keep up monthly bond repayments. Read more >>


Upcoming events

Galencia Property Derby
Younique Concepts - 2 Oct 2013 to 6 Oct 2013 Johannesburg
Galencia Property SA Derby afterparty w/h DJ Fresh
Kyalami Park Club - 6 Oct 2013 Johannesburg


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