GCR Ratings affirms Vukile issuer rating
July 24 2026 16:30 SOUTH AFRICA GCR Ratings this week released a credit rating announcement in which retail landlord Vukile’s credit rating has remained unchanged and GCR has affirmed the national scale issuer rating of AA+(ZA) and A1+(ZA), for the long and short-term respectively, with a stable outlook. GCR said the issuer rating reflected Vukile’s […]
Iran and US reach tentative peace deal
June 15 2026 14:30 Staff Writer UNITED STATES Iran and the US reached an initial agreement early on Monday June 15 2026, to open the Strait of Hormuz and extend a ceasefire in the Iran war, potentially allowing oil and natural gas to reach the global market. Details of the deal were not immediately released […]
Record-breaking launch for ‘The Charles’ signals strong demand for premium apartment living in Somerset West
March 30 2026 16:40 WESTERN CAPE, SOUTH AFRICA During the recent online launch held on March 18 2026, Pam Golding Properties concluded the sale of 124 studio, one-, two- and three-bedroom apartments, and a penthouse, in the new residential development, ‘The Charles’. The development is situated within the landscaped grounds of the grand Lord Charles […]
The state’s R155bn property company plan is optimistic and crying for support
March 25 2026 22:00 JOHANNESBURG, SOUTH AFRICA You can throw any cliched word around Dean Macpherson and his team’s plan to energise the state’s plethora of buildings and other real estate assets. The plan to create a state property company with some R155bn worth of assets is ambitious, admirable and, probably necessary. But it needs […]
Vukile expands into Barcelona, acquiring 50% of Splau Shopping Centre
March 19 2026 22:40 Vukile Property Fund (JSE: VKE) said its 99.7% owned subsidiary Castellana Properties will acquire a 50% stake in the Splau Shopping Centre in Barcelona, Spain, advancing its strategy of investing in dominant, high-performing retail assets, it said, The 50% stake in Splau will be bought from Unibail-Rodamco-Westfield (URW), the owner, developer and […]
The simple pool maintenance mistakes that could cost homeowners thousands
March 17 2026 16:01 Rowen Armstrong, Builders Buyer: Pool, Pesticides and Garden Hardware SOUTH AFRICA Across South Africa, swimming pools are central to summer living. They are where families cool off, children play and friends gather on hot afternoons. But what many homeowners do not realise is that small maintenance mistakes can quietly turn that […]
SA REITs surge 8.1% in February, breaking R350bn market cap milestone
March 5 2026 16:20 Institutional investors pivot to overweight positions as the South African real estate investment trust sector cements its status as a global outperformer South African real estate investment trusts (Reits) delivered another standout month in February 2026, surging 8.1% and pushing the sector’s total market capitalisation past the R350bn mark. The impressive […]
Kidax Ai’s FaceTrace Technology identifies Interpol-wanted drug trafficker operating undetected at Cape Town gym
March 4 2026 12:20 CAPE TOWN, SOUTH AFRICA Kidax AI has announced the launch of FaceTrace, an AI-assisted identity verification platform designed to support businesses in strengthening their onboarding and risk management frameworks. The launch follows a recent case widely reported in South African media involving an individual subject to an international law enforcement notice […]
Spear Reit raises guidance as Western Cape portfolio strengthens
February 27 2026 15:10 CAPE TOWN, SOUTH AFRICA Western Cape-focused Spear Reit reported improved operations momentum in its financial year 2026 pre-close presentation on Friday, driven by portfolio expansion, solid financial performance, high occupancy levels and strong cash collections. In January 2026, management revised its distribution per share (DIPS) guidance for the year ending 28 […]
Growthpoint to redevelop Walmer Park Shopping Centre
February 27 2026 15:00 GQEBERHA, SOUTH AFRICA Growthpoint Properties (JSE: GRT) has announced the R75m redevelopment of the Edgars premises at Walmer Park Shopping Centre in Gqeberha. This investment will reinforce Walmer Park’s position as a retail destination by introducing a new internal link mall and expanding the variety of retail offerings. The project aligns […]