While the recent PayProp State of the Rental Industry Survey found that the key challenges agents currently face are a shrinking viable tenant pool, lower tenant affordability and high arrears, the Cape Town market continues to march to its own drum according to Lorraine-Marie Dellbridge, rental manager for Lew Geffen Sotheby's International Realty in Cape Town's Southern Suburbs, False Bay and Noordhoek.
The Kaya 959 board of directors is pleased to announce the appointment of Sibongile Mtyali as the new Kaya 959 managing director effective 1 June 2021. Mtyali replaces former managing director who stepped down from his position in December 2020.Issued byKAYA 959
Eskom has sold off two of its non-core properties to the Department of Human Settlements, Water and Sanitation as part of its efforts to raise more than R2bn.
The sale of these two high-rise office buildings in Kimberley and Johannesburg, previously utilised as regional offices, has raised R76.1m for the utility.
“The property disposal process is in line with Eskom’s unbundling process and its bid to raise capital," the state-owned entity said in a statement.
The properties will help relieve some of the accommodation pressures faced by university students and social housing. “The department will therefore convert the Kimberley Trust Centre, the tallest building in the Northern Cape city, and the 26-storey regional office in Johannesburg into residential housing units, which will assist the department towards meeting its mandate of providing social housing,” Eskom explained.
“Eskom continues to explore similar opportunities in other areas where it owns non-core property stock. It is expected that sales of Die Wilge Flats outside the Kusile Power Station at eMalahleni and the Lephalale Stands near the Medupi Power Station will be finalised during the first half of the current financial year.
“Another non-core immovable property is being offered for sale through the government’s process of property disposal.”
SAnews.gov.za SAnews.gov.za is a South African government news service, published by the Government Communication and Information System (GCIS). SAnews.gov.za (formerly BuaNews) was established to provide quick and easy access to articles and feature stories aimed at keeping the public informed about the implementation of government mandates. Go to: http://www.sanews.gov.za
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.