11 Dec 2012

Property & Real Estate

 



Cool Beanz

It's going to be a good festive season for Jelly Beanz after they were handed a cheque for R500,000 by Bernhard Maier, a member of Porsche's executive board. It's the second sizeable donation by Porsche in as many years.

On the agriculture front, farmers and unions have been urged to negotiate in good faith. Agriculture, Forestry and Fisheries Minister Tina Joemat-Pettersson has urged representatives of Agri-SA and unions to negotiate in good faith for the minimum wage demand for farmworkers. That's all very well, but in the meantime perhaps she can also urge farmworkers to remain peaceful and also not damage crops and equipment.

Come fly with me... if you can afford it! IATA says airlines will carry 3,6bn passengers by 2016 - a rise of at least 28% in the coming years to hit 3.6 billion in 2016, with China accounting for nearly one-in-four new travellers. Keeping ticket prices reasonable would go some way towards ensuring that that prediction comes true.

Don't come fly with me...Budgets and mechanical setbacks are hurting SANDF, which is buckling under the strain of crippling budget and mechanical setbacks. We have submarines up on blocks and Gripen fighters flying only a tiny portion of the time they should be flying. So we have all these shiny new weapons platforms... but we can't afford to run them. Brilliant!

Equally brilliant, but in a good way, is our tame motoring editor, Henrie Geyser, who waxes lyrical on the new Honda CR-V, which he reckons has added market traction. And a lot of attractions... in action, and even when not in action.

Rod Baker: Content Director

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Editorial news

Property & Real Estate


New sectional title arbitration panel has formed
A new sectional title arbitration panel has been formed, which will mean that sectional title home owners can look forward to a more affordable and expedient process to resolve the disputes that inevitably arise in complexes. Read more >>

Property management for entrepreneurs
[Mark Souris] Many entrepreneurs who attempt to manage shopping centres underestimate the amount of administration involved in the effective management of a building, not to mention the associated risks. The answer: by retaining the services of a property management consultancy, business owners are able to reap the benefits of their expertise when it comes to the in-depth management functions of shopping complexes. Read more >>

The real estate market, 2013 and beyond
[Jan le Roux] As the end of 2012 approaches buyers and sellers are looking to industry leaders to predict what is to happen in the residential property market in 2013. At present, market analysts from both Absa and FNB predict more of the same: the same stability, the same low growth rates. Read more >>

Commercial


ooba reports highs despite tough conditions
ooba, South Africa's biggest bond originator, achieves record company performance despite the tough market conditions. Read more >>

Growthpoint on Carbon Disclosure Index
Property company Growthpoint Properties has become one of only 12 companies to be included on the JSE 100 Carbon Disclosure Leadership Index (CDLI) after boosting its Carbon Disclosure Project score from 83% in 2011 to 95% in 2012‚ the company said on Monday (10 December). Read more >>

Mixed views on property investments
JSE-listed property is trading at record highs after a solid performance in November, but analysts are divided on whether there is value still to be found in the sector. Read more >>

Ingenuity in Claremont purchase
[Nick Hedley] Ingenuity Property Investments‚ which has a core focus on acquiring and developing properties in the Western Cape‚ said on Friday (7 December) it had agreed to buy two properties in Claremont‚ Cape Town from Annenprop 4 for R82m. Read more >>

Gambling on more punters
While each of their companies had varying degrees of success, the chief executives of three of the major casino groups in southern Africa - Tsogo Sun, Sun International and Peermont - agree that the future looks promising for the sectpr although there are still hurdles some to overcome. Read more >>

Auctioneers say 'market is moving'
This year has been very interesting for the property sector, which had its ups and downs. But the low interest rate environment sparked renewed interest in the commercial property market, particularly through auctions, says Aucor property director Mark Kleynhans Read more >>

Rebosis spends R1bn on office properties
[Nick Hedley] Rebosis Property Fund said on Wednesday (5 December) it had concluded agreements for the acquisition of a portfolio of office properties in Johannesburg and Pretoria for R1bn. Read more >>

Investors benefit from listed properties
[Thabang Mokopanele] At least 14 of the top 100 companies that have earned the most for its shareholders in terms of share price growth plus the amount of income returned over the past five years, are listed property companies, with Resilient Property Income Fund headed by Des de Beer leading the pack with compounded growth of 21.2%. Read more >>

Residential


Houses won't be demolished for new port says Gigaba
No houses will be demolished when the development of a dug-out port south of Durban gets underway says Public Enterprises Minister Malusi Gigaba. Read more >>


International
Nokia sells its head office
HELSINKI, FINLAND: Finnish mobile phone manufacturer Nokia, which faces cash-flow problems, said on Tuesday (4 December) it had agreed to sell and lease back its head office building outside Helsinki for US$222m Read more >>

More International...


Africa
Mugabe now wants 100% of everything
GWERU, ZIMBABWE: Zimbabwe President Robert Mugabe on Friday (7 December) vowed to overhaul business laws to require 100% black ownership of firms, up from 51%. Read more >>

More Africa...


Government
No collusion between DA, Naspers says Madonsela
Public Protector Thuli Madonsela has found no substance to ANC claims that Naspers and the DA colluded to inflate the price of land sold to the city of Cape Town. Read more >>

More Government news...


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