Downsizing may no longer guarantee a cheaper retirement for South African homeowners. Grant Smee, CEO of Only Realty Property Group, warns that weaker demand for larger inland homes and rising prices for secure retirement properties are reshaping the traditional retirement plan. With living costs also exceeding expectations for many retirees, property decisions increasingly need to be made…
South Africa’s rental market is expanding as more households rent and buy-to-let investment rises, but landlords must understand their legal obligations. Seeff Property Group warns that the Rental Housing Act applies to all residential rentals, requiring written leases, monthly invoices, proper deposit handling, inspections, maintenance and respect for tenant rights. Specialist rental agencies can…
A penthouse at The Marlow on Mill in Newlands has sold for R15.9 million, setting a new apartment record for Cape Town’s Southern Suburbs. Bought by UK purchasers for use during visits to South Africa, the sale highlights strong demand for secure, high-quality sectional title homes. The 281-unit development has already achieved nearly R350 million in sales, driven largely by investors and leisure…
As South Africa’s tourism sector prepares for a busy summer, rising costs are putting pressure on hospitality businesses to improve efficiency without compromising guest experience. Jeffrey Madkins, Marketing Manager at Unilever Professional SA, explores how smarter laundry operations, from reducing water and energy use to extending textile life and using AI-driven analysis, can help accommodation…
A Western Cape High Court appeal has clarified the limits of construction adjudication under JBCC contracts. In City of Cape Town v Pro Khaya Construction, the court ruled that an adjudicator’s jurisdiction is fixed by the notice of adjudication and cannot be expanded through later submissions. New claims introduced afterwards fall outside that mandate, while late responses do not waive genuine…
Vukile Property Fund (JSE: VKE) has officially opened a R76.1m extension and refurbishment at Nonesi Mall in Komani, Eastern Cape. The fully pre-let expansion adds 3,100sqm of retail space, taking the centre's gross lettable area to nearly 31,000sqm, and consolidates Nonesi Mall's position as Komani's leading shopping destination. The post Vukile opens R76.1m Nonesi Mall extension, strengthening…
South Africa’s listed property sector opened the third quarter positively, with the J803 All Property Index returning 2.24% in July and 26.11% over twelve months. Stronger balance sheets, distribution growth and active capital raising continue to support the sector. However, higher interest rates, softer retail footfall and pressure on consumers are creating uncertainty, making tenant performance,…
A home loan can be more than a monthly expense when managed strategically. By paying extra, using an access bond and borrowing carefully against property equity, homeowners can reduce interest, shorten repayment periods and access lower-cost finance. BetterBond’s Bradd Bendall says these facilities can support investments, renovations and major expenses, but cautions against funding lifestyle…
Jackie Van Niekerk, Chief Executive Officer of Attacq, has succeeded Growthpoint’s Estienne de Klerk as Chairperson of the SA REIT Association. The planned handover comes as the listed property sector enters a renewed growth phase, supported by stronger balance sheets, rising investor confidence and increased capital activity. Van Niekerk will lead a streamlined, delivery-focused operating model…
South Africa’s listed property sector strengthened in June, with the All Property Index gaining 3.78% and ending the second quarter 10.47% higher. However, rising interest rates and refinancing pressures are sharpening the focus on balance-sheet strength, debt maturities and offshore exposure. While operational fundamentals continue to improve, investors are increasingly differentiating between…