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Rand breaks through R15/$ after positive local GDP data

The rand broke through the R15/$ handle for the first time in almost a month on Wednesday morning, lifted by positive local economic news, as well as positive development related to protests in Hong Kong.

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Real estate investments fall short of growth expectations on crawling economy

It’s almost six months since the real estate sector exited recession in the first quarter of 2019 but not so much has changed for the lagging industry as investors are yet to see a meeting point between their investments and projected growth.

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AAIL cuts sod to begin school project.

AngloGold Ashanti (Iduapriem) limited has cut the sod for work to commence on a six unit classroom block for Awuda Methodist Basic School in the Prestea Huni-Valley municipality.

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27-floor mixed-use complex to be constructed in Nairobi, Kenya

A 27-floor luxurious hotel cum residential mixed-use complex is set to be constructed in Nairobi, Kenya by a private developer. The building will accommodate 375 apartments and 251 parking slots on the two plots located on the junction between Karuna, Peponi and Lower Kabete roads in Westlands.

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South African economy expands 3.1% in second quarter

South Africa’s economy grew 3.1% in the second quarter, following a revised 3.1% contraction in the first three months of the year, Statistics South Africa data showed on Tuesday.

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Redefine set to ‘sell’ Nigerian office tower stake

Redefine Properties is in advanced discussions to ‘sell’ its 37.1% stake in the landmark Oando Wings office towers development in Nigeria’s largest city, Lagos, to Growthpoint Investec African Properties (Giap).

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Sandton Central ideal for office property development

Sandton Central, South Africa’s financial capital, continues to attract investment and new real estate developments from businesses who want to be in the area. The latest research from the South African Property Owners Association (SAPOA) Office Vacancy Survey for Q1:2019 shows that while Sandton is home to most of the new development in South Africa […]

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Africa’s Free Trade Agreement

The African Continental Free Trade Area (AfCFTA) came into effect last May 30, with 54 states signing the agreement at the time of writing. This pan-African agreement was made in the hopes of bolstering local economies by breaking down existing trade barriers and reducing tariffs for regional exchange.

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South Africa’s rand strengthens slightly before second quarter GDP data

South Africa’s rand strengthened slightly in early trade on Tuesday in the build up to the release of second quarter economic growth figures.

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Fortress lowers outlook for B-shares after R560m impairment

Fortress, a diversified property company cleared on Monday of charges of share price manipulation, has trimmed its outlook for its B-shares by about 5% after a hefty R560m impairment to a logistics facility in KwaZulu-Natal.

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