Property Flash


TUHF – 20 years of believing in people who believe in our cities

May 17 2024 18:00 Paul Jackson, CEO and founder of TUHF looks back on a fulfilling 20 years at the helm of the commercial property finance group and explains how TUHF is set for stellar success going forward. TUHF hasn’t had it easy trying to raise capital so that previously disadvantaged micro-to-small developers can make […]

The countries with the least expensive freelancers – South Africa ranks 13th 

May 13 2024 20:28 This is a guest piece for  New research has found the most countries with the least expensive freelancers, with South Africa placed 13th.  The study, conducted by invoicing software company Bookipi, used freelancing platform Upwork to find how much freelancers in 40 different countries charge on average per job. They […]

Partnership launched to empower previously disadvantaged real estate firms andyouth learners

April 19 2024 10:30 Eskom, Claremart, Property Sector Charter Council (PSCC), and Property Practitioners Regulatory Authority (PPRA) have joined forces to launch a partnership for previously disadvantaged real estate firms and youth learners. This initiative aims to use Eskom’s retired non-core properties to create opportunitiesfor previously disadvantaged real estate firms and empower youth learners, ultimately […]

Pravin Gordhan to retire from politics after the May 20224 election

March 9 2024 Business Day newspaper reported that Public Enterprises Minister Pravin Gordhan has announced his retirement, so that he can focus on his health and family. The National Elections on May 29 will mark the end of the 74-year-old’s political career. He has been involved with politics since the 1960s and has served in […]

Investment opportunities abound amid changing buyer behaviour

March 6 2024 Hayley Ivins-Downes, head of digital at data and research provider Lightstone says South Africa’s residential market has potential to excel if the correct ingredients are used to manage it. South Africa’s residential property market needs the right political and economic conditions to fulfil its potential and the low interest rates of 2021 provided […]

Apex Group responds to FATF’s decision on Namibia

February 28 2024 Responding to the recent announcement by the Financial Action Task Force (FATF) that Namibiahas been added to the ‘grey list’ due to strategic deficiencies in its anti-money launderingframework, Alan Keet, Regional Head of Middle East & Africa at Apex Group said: “It is unfortunate to see Namibia has been placed under increased […]

Sars sues Sasfin for R4.8bn around unpaid taxes by former bank clients

This legal process is expected to take years and ultimately fail, according to legal opinion obtained by Sasfin. February 27 2024 Sasfin Holdings announced today that its subsidiary, Sasfin Bank received a civil summons, “unprecedented in South African law”, for a total amount of R4.87bn plus interest and costs, in the form of a damages […]

National Budget for February 2025 fiscal is lukewarm for real estate industry

February 21 2024 The budget which was tabled on Wednesday didn’t really impress SA’s real estate sector, especially the residential side including estate agents. Lew Geffen Sotheby’s International Realty CEO Yael Geffen said Finance Minister Enoch Godongwana’s attempt to “present a silk purse from the economic pig’s ear on his plate was laudable”, but “fell […]