26 Feb 2013

Property & Real Estate

 



At last... Some meaningful action against corrupt officials?

Service delivery is a major problem as it is, but what exacerbates the issue is when those charged with using our tax monies to deliver services too often use it to further their own ends and enrich themselves. So it is to be welcomed that Minister of Justice and Reconciliation Jeff Radebe has announced that the names of those government officials convicted of corruption are to be published.

In a similar vein, National Planning Minister Trevor Manuel says there should be consequences for public servants who do not deliver. Many people might add to that: "What about adding non-performing government ministers and provincial MECs to the mix?"

Writing from the US, Reuben Yonatan tells us what we can expect from VoIP in 2013. As he says, the future is always bright for any kind of computer-related or especially internet-related technology so we can always expect new innovations, but just what sort of innovations can we predict?

It is the government's job to provide the environment in which business can thrive, and it is the job of business to then provide employment. Unfortunately, it appears that in SA much conspires against the establishment and healthy growth of SMEs; a recent study finds South Africa is hostile to SMEs.

Finally, the thought of our tame motoring editor Henrie Geyser in makeup - fancy or otherwise - is, well... deeply disturbing. But the same cannot be said, thank goodness, for Opel's new OPC rocket, which Henrie reckons is a rocket ship with fancy make-up.

Rod Baker: Content Director

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Property & Real Estate

Online express property-selling platform to be launched
Homes2Go, a new "online express property-selling platform" is to be launched in South Africa. It will go live on 4 March, 2013, and will not charge commission. Read more >>


Commercial

Emira reissues commercial paper
Emira Property Fund reissued R400m of three-month unsecured commercial paper‚ for the second time with the interest margin remaining steady at 21 basis points above the three-month Jibar rate. Read more >>

Slow progress on land reform
[Paul Vecchiatto] Land reform is progressing slowly in SA because of a lack of comprehensive systems in the Department of Rural Development and Land Reform and the fact that deeds and other records do not say which race owns what land. Read more >>

SA Corporate's plan paying off
Listed property unit trust SA Corporate Real Estate Fund reported 4.6% distribution growth for the full year ended December‚ with the full year's distribution reaching 30.15c per unit. Read more >>

More buildings completed in 2012
The value of buildings reported as completed (at current prices) increased by 4.6% (R1.9bn) in 2012 Statistics SA (Stats SA) figures showed on Thursday (21 February). Read more >>

Klipriver land sold for R15m
Basil Read Developments‚ has sold part of its Klipriver Business Park to Chinese investor‚ New Hope South Africa for R15m Read more >>

Shoprite plans 136 new stores in Africa
[Zeenat Moorad] Shoprite Holdings is steamrolling ahead with its African expansion - the retailer has 136 stores in the pipeline as it eyes fast growing oil-rich markets like Nigeria and Angola. Read more >>

Grindrod Financial Services buys Proptrax
Grindrod Financial Services has concluded a deal to buy Property Index Tracker Managers from the Resilient property stable for an undisclosed sum, subject to FSB approval. Property Index Tracker Managers' manage the first two JSE listed ETFs, which track the listed property market in South Africa. Read more >>

Property and automotive portals merge to form Africa's largest classifieds concern
[Issued by Private Property] Justin Clarke, CEO of South Africa-based Private Property Holdings, has announced that the company is merging its interests with Kenya-based Cheki Africa Media to form Africa's largest online classifieds group by traffic, page views, ad volume and revenue. The new group will be renamed One Africa Media. Read more >>  visit press office >>


Property Management

ooba stats show good start to 2013
The latest statistics from ooba, South Africa's bond originator, show the average house price reached R894 510 in January 2013, up 5.2% from R850 589 in January 2012. Month on month, the average house price increased 3.4% from R865 164 in December 2012. Read more >>


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2013 Biz Trends Report


93 pages
49 contributors
41 contributions

New people on biz

Ryan Kauffman
Real Property Management Triad
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Tech Park
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Real Estate Developers
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Masco Appliance & Air Conditioning, Inc
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