Aspen Pharmacare CEO spends more than R100m on shares post share tanking
May 8 2025 17:30 Stephen Saad, picture supplied CEO and founder of Aspen Pharmacare, Stephen Saad, has acquired two tranches of shares worth R46 154 431.65 and R55 628 698.00 respectively. This is according to the JSE’s stock exchange news service. Saad is a billionaire entrepreneur who has bought shares when JSE-listed Aspen Pharmacare’s price […]
Mayor of Johannesburg seems to be without a paddle
May 7 2025 23:04 GAUTENG SOUTH AFRICA Johannesburg Mayor Dada Morero, picture courtesy of the City of Johannesburg The Mayor of SA’s seemingly richest city, Johannesburg, Dada Morero, delivered his State of the Nation Address on Wednesday to much disappointment. He blamed systemic service delivery backlogs for the city’s struggles and said R3bn would be […]
Sapoa raises concerns about the proposed budget of the City of Cape Town for 2025/26
May 7 2025 15:55 WESTERN CAPE SOUTH AFRICA Neil Gopal, CEO of SAPOA (the South African Property Owners association) has continued to raise concerns about the Mother City’ proposed 2025/26 budget. He said in a press release to members and the media: SAPOA has taken part in the legislated public participation process embarked on by the […]
Cape Town homeowners up in arms at potential property rates hike
April 23 2025 16:55 CAPE TOWN, SOUTH AFRICA Cape Town homeowners are gearing up to challenge the City’s proposed new municipal tariff structure, which will be implemented on 1 July. They have until May 2 2025 to submit their input on the City’s proposed budget for 2025/26. This budget includes new tariff proposals for homeowners based on […]
Johannesburg launches inner-city revitalisation plan, calls in private buyers
April 8 2025 08:30 SOUTH AFRICA The City of Johannesburg launched a “comprehensive inner-city revitalisation plan to transform derelict and unsafe buildings into ‘secure, functional spaces’ while reviewing its property portfolio by identifying buildings to sell to private investors”, it said this week. As part of the initiative, the municipality said it would rehabilitate buildings […]
SARB keeps interest rate on hold, Tyson Properties responds
March 25 2025 10:10 This is a guest article for Tyson Properties. SOUTH AFRICA An intricate balancing act is how Tyson Properties CEO, Chris Tyson, describes the current state of play within South Africa’s property sector following today’s decision by the South African Reserve Bank Monetary Policy Committee to pause interest rate cuts, leaving the benchmark rate at 7.5% and […]
Time to be bold with this week’s interest rate cut, and provide 50bps relief, says Seeff
March 18 2025 09:05 Samuel Seeff, chairman of the Seeff Property Group SOUTH AFRICA The time to be bold with an interest rate cut, and to take advantage of the positives is now, chairman of the Seeff Property Group, Samuel Seeff said. It is imperative that the interest rate adjusts to the economic realities, he […]
Joel Pollak seems to agree with Trump’s vitriol which says the US can kick people out of Gaza and turn it into a piece of desirable real estate
February 7 2025 10:00 Donald Trump lives in a movie or maybe in an episode of a reality show, and it’s not The Apprentice. He enjoys saying controversial things to rile people, businesses, and often countries up. He’s a felon but also a cheat at golf and a liar. You just can’t believe much of […]
How the Latest Rate Cut Will Shape Homebuying in 2025
February 6 2025 23:30 A guest article by ooba, the bond originators The announcement of a 25 basis point rate reduction marks an improvement for the residential property sector, lowering the repo and prime lending rates to 7.50% and 11.0%, respectively. This news concludes the third rate cut in a period of less than six […]
SAPOA and JCCI to collaborate in finding solutions to assist the City of Joburg with the municipal infrastructure situation
February 4 2025 07:40 The South African Property Owners Association (SAPOA) and the Johannesburg Chamber ofCommerce and Industry (JCCI) have signed a memorandum of understanding (MoU) to outline the arrangements for a closer interaction and support between the two entities in the interestsof jointly identifying initiatives that seek to have a positive contribution to the […]