26 Mar 2013

Property & Real Estate



Pule pummels paper

Via the Department of Communications, the communications minister Dina Pule has come out firing on all barrels and has taken on the Sunday Times over what the department claims is a smear campaign against her. The final straw was apparently the newspaper's call on Sunday to Zuma to fire Pule.

On a happy note, and this is not an April Fool's joke so there's not need to check the calendar, Bizcommunity.com has instituted a price freeze on most of our rates for 2013!

Also on a happy, more melodious note (pardon the pun), the 19th Annual MTN South African Music Awards has announced this year's nominees.

Ford is doing its bit for the environment, and to combat water shortages, has cut its global water use by 62% since 2000. Now, what about other companies following suit?

Feeling like a holiday? Try one or more of Harvey World Travel's top destinations for South Africans.

Rod Baker: Content Director

Submit your company news to propertynews@bizcommunity.com. Exclusive contributions may be sent to contributors-property@bizcommunity.com.

Top stories

Repo rate - good news for homeowners, time to reduce debt
Wednesday's decision by the Monetary Policy Committee to keep the repo rate stable was generally anticipated by market commentators, says Dr Andrew Golding, CE of the Pam Golding Property group. Absa's reaction to the Reserve Bank's MPC decision is that it is good news for homeowners and those holding debts. Read more >>


Editorial news

Property & Real Estate
Why you need to pay into your bond now
[Jan le Roux] Much has been said about the current, worldwide economic climate as well as the pressures that people are feeling locally. Currently, the debt-to-income ratio in South Africa stands at 76% - lower than the 82% high in 2008 - but still worryingly high. Read more >>

Bizcommunity April 1 price freeze is no joke
[Issued by Bizcommunity] Believe it or not, we've made the decision to freeze most of our rates for 2013! This is not an April Fool's prank but a strategic decision in line with our core objectives to assist businesses to grow and thrive via our portfolio of publishing platforms. Read more >>  visit press office >>


Commercial
Stanlib to develop malls in Nigeria, Kenya
Stanlib is planning to open its Stanlib Africa Direct Property Development Fund in May or June, as it seeks to capitalise on Africa's growing retail sector. Read more >>

Commercial property prospects strong
[Nick Wilson] After several years of strong price growth in the listed property sector, most property pundits believe SA can expect slower - albeit solid - growth this year from listed property stocks. Nevertheless there are still major opportunities for investors who want an investment that offers a steady income stream. Read more >>

Investec Properties invests R318 million in acquisitions
Investec Property Fund yesterday, 19 March 2013, announced the acquisition of four properties in Gauteng and one in Cape Town, comprising one prime office building, two business properties, a motor dealership and an industrial property, totalling R318 million. Read more >>

Fortress buys some Resilient centres
[Nick Hedley] Listed property loan stock company Fortress Income Fund said on Friday (22 March) it had concluded agreements to buy various retail properties from Resilient Property Income Fund‚ for R1.1bn. Read more >>

Repo rate - good news for homeowners, time to reduce debt
Wednesday's decision by the Monetary Policy Committee to keep the repo rate stable was generally anticipated by market commentators, says Dr Andrew Golding, CE of the Pam Golding Property group. Absa's reaction to the Reserve Bank's MPC decision is that it is good news for homeowners and those holding debts. Read more >>

Building plans up by 40.6% in January
The value of building plans passed‚ at current prices‚ increased by 40.6% (R1.71bn) in January according to figures released by Statitsics SA (Stats SA) on Tuesday (19 March). Read more >>


Property Management
Swedes are finding value in the Western Cape
[Brendan Miller] The high cost of living in Sweden has long been a fact of life for the country's residents who accept high taxation levels in return for some of the best regarded public services across education and health care in the world. Read more >>

Growthpoint adds R150 million development to Gauteng
Mining opportunities in its Gauteng properties, Growthpoint Properties has launched a programme of client-driven industrial property development and redevelopment valued at R150 million. Read more >>


Rental
Don Group surviving on rentals
[Nick Hedley] The Don Group‚ a hotel operator turned residential letting group‚ on Friday (22 March) reported a narrowed headline loss per share to 2.22c from 5.85c for the six months ended December‚ helped by an increase in rental revenue. Read more >>


Residential
Tribal land to be used for development
[Orlando Chauke] Giyani - Co-operative Governance and Traditional Affairs Minister Richard Baloyi has witnessed the signing of an agreement that will see the Giyani local municipality in Limpopo using tribal land for development. Read more >>

Loss of commercial farmers hurts SA
It is "worrisome" that South Africa is losing many of its commercial farmers to countries to the north of it, academic and businesswoman Mamphela Ramphele said on Sunday (24 March). Read more >>


Government
Call to make municipalities more professional
[Khulekani Magubane] Municipalities have to focus on improving their human resources capabilities to address challenges and to reduce spiralling debts of about R81bn owed to them for services they have delivered. Read more >>

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2013 Biz Trends Report

93 pages
49 contributors
41 contributions

New people on biz
Jason Lopez
The Storage Company
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CEO at Rooms2rent
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CEO at Lew Geffen Sotheby's International Realty Atlantic Seaboard

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