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Weekly top stories


Transfer duty and the 2015 budget
[David Warmback] Commentary from David Warmback of Shepstone & Wylie on some interesting changes proposed to the transfer duty rates and brackets announced in the 2015 Budget Speech... read more>>

Lift takes Redefine up to the next level

When Redefine got into the landlord business, they marketed themselves as not being landlords...

Read more >>



Durban's R3bn 'best-kept property secret'

Wealthy holiday-makers can expect to shell out anything from R5,000 to R10,000 a night for two- and three-bedroom apartments during peak season at the luxurious Pearls of Umhlanga...

Read more >>



Tshwane development has makings of African super city

Tshwane's swift development is causing the boundaries of Pretoria and Johannesburg to become increasingly blurred with the two regions predicted to become one immense "super city", and the continent's undisputed powerhouse within several years...

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Property
South Africa's Budget 2015: the full text
Read the full text of South African Finance Minister Nhlanhla Nene's inaugural national Budget speech, the fifth in the country's democratic Parliament, delivered on 25 February 2015... read more>>
Commercial
Competition Commission approves Growthpoint-Acucap deal
Growthpoint Properties and Acucap Properties announced that the Competition Commission had approved the acquisition of Acucap by Growthpoint without conditions. The two property groups said in a joint statement the Competition Tribunal had yet to give the deal its blessing. Early last week, Acucap shareholders accepted the Growthpoint offer. Source: I-Net Bridge
Rebosis makes offer to acquire Ascension
Rebosis Property Fund on Tuesday announced its firm intention to acquire the entire A and B linked unit capital of Ascension Properties that it did not already own... read more>>
Ascension boosts H1 A-linked and B-linked distribution

Issued by I-Net Bridge

Delta expects FY distribution to rise 15.01% and 16.93%

Issued by I-Net Bridge

Intu FY underlying earnings up 15% to GBP162m

Issued by I-Net Bridge

Hospitality H1 distributable earnings per combined linked unit down 7.4% to 82.45c

Issued by I-Net Bridge

Commercial Property
Dipula magnifies portfolio with new acquisitions
JSE-listed REIT Dipula Income Fund announced on 2 March 2015 that it has entered into agreements to acquire UMzimkhulu Shopping Centre in KwaZulu-Natal as well as Corporate Industrial Park in Polokwane from two different vendors... read more>>
Property Management
Redefine targets UK and Germany

Alistair Anderson

Redefine International raised about R1.27bn on Friday by placing 131-million shares at R9.70 each. The group announced a share placement as it looked to fund more investments in the UK and Germany... read more>>
Government news
Electricity war room focused on keeping the lights on
The "electricity war room" is focusing all its energy towards implementing government's five-point plan, Rural Development and Land Reform Minister Gugile Nkwinti said on Tuesday... read more>>
GDP increases by 4.1% in fourth quarter of 2014
South Africa's gross domestic product (GDP) increased by 4.1% in the fourth quarter of 2014, Statistics South Africa (Stats SA) said on Tuesday, 24 February... read more>>
More Government news
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