South Africa’s commercial real estate sector welcomed the budget announcement that National Treasury is supporting, and working towards, extending South Africa’s REIT (Real Estate Investment Trust) dispensation to unlisted property-owning companies.
Major retailers tie up long-term exclusive leases with shopping centres which, in effect, blocks competitors. And less competition means higher margins.
It is no surprise that loud echoes are now beginning to reverberate around the South African Property Owners’ Association (SAPOA) call last week on Government to unravel the” unnecessary bureaucracy’ and other delaying factors that have resulted in a R20-billion hiatus in the property development sector that could leave a R3-billion-plus dent in GDP and … Read more
Deputy President Cyril Ramaphosa marked the launch in Soweto last week of Public Service Day with a call on public servants to, well, serve the public. While it was clearly basic service delivery to communities that was on his mind – and rightly so – his point would have been equally appropriate in any number … Read more
Johannesburg 27 August 2014 – BizNews. The multiple award-winning Cradlestone Mall in Krugersdorp won the prestigious overall Spectrum Award in the recent South African Council of Shopping Centre’s (SACSC) annual Retail Development & Design Awards (RDDA) in Cape Town. Presented to the best new shopping centre development in the country, the award is another feather … Read more