IDC backs The Property Magazine

The Industrial Development Corporation (IDC) recently granted The Property Magazine a financing facility to assist it in expanding further into South Africa. Tony Vaughan, publisher of The Property Magazine says, "We are thrilled that the IDC has recognised the exceptional potential and sound business model of The Property Magazine." Vaughan notes that The Property Magazine has proved so popular since its Cape Town launch, the launch of the Gauteng edition has been brought forward by two months to October 2004. The Durban launch is expected to be early in 2005.