News by Country
Published stories attached to South Africa.
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Average property sale prices in the Table View police precinct have risen 25% to cross R2 million for the first time, while recorded crime climbed 5.7%, pushing pensioners out of the Cape Town suburb.
The Masingita Group of Companies secured land-use approval for its planned Malamulele Mall in Limpopo in just seven days, a timeline now at the centre of a dispute over land allegedly earmarked for a local high school.
Stellenbosch University provides beds for about 7,500 of its more than 30,000 students, leaving the majority to compete for private rental housing in a town where industry estimates put South Africa’s student accommodation shortfall at 500,000 to 780,000 beds.
Fibre network operator Dark Fibre Africa says it will use new commercial and residential property developments as a channel to expand coverage, after completing the first phase of an R800m network upgrade.
The average transaction price in Hout Bay has climbed to around R8.5 million as limited supply and competition between local and international buyers push luxury values sharply higher, according to Seeff and Propstats data.
Durban hospitality business Mojo's Investment CC has secured a nine-year and 11-month lease to run a municipal property at 17 Erskine Terrace on the city's beachfront after a legal challenge to the tender award was withdrawn.
Public Works Minister Dean Macpherson says the government will ask the Western Cape High Court next week to contain the occupation of about 2,000 hectares of state land at Knoflokskraal, where plots are allegedly being sold illegally and holiday homes built.
South Africa is releasing about 2.5 million hectares of state-owned land to black farmers with title deeds under the Proactive Land Acquisition Strategy, President Cyril Ramaphosa said in his weekly newsletter.
JSE-listed Attacq and Tricolt Group have started construction on Aspire Waterfall City, a R624 million residential development of 217 apartments and penthouses in Gauteng, with more than three quarters of the units pre-sold.