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Rescue plan for Blythedale property development

The two main players in the failed Blythedale Coastal Resort (BCR) project - the community and eLan Properties, headed by businessman Mark Taylor - are considering a fresh partnership to develop the R10 billion upmarket housing estate on the North Coast.

Posted at 05:05AM Jul 24, 2014 by Editor in Market  | 

Building projects face lagged strike effects

Many building projects, particularly those requiring steel and aluminium products, could be delayed by a further eight weeks or more because of the strike by about 220 000 workers in the metals and engineering industry.

Posted at 05:54AM Jul 23, 2014 by Editor in Market  | 

Crude night caller upsets estate agents

Estate agents have become the target of a 'heavy breather' who calls them in the middle of the night to crudely harass them.

Posted at 08:30AM Jul 22, 2014 by Editor in Market  | 

Blythedale Coastal Resort investors to consider rescue plan

Investors and creditors, owed almost R358 million in the failed Blythedale Coastal Resort (BCR) project, will meet this week to vote on a proposed business rescue plan.

Posted at 07:57AM Jul 21, 2014 by Editor in Market  | 

Buying into gated estates - avoid the pitfalls, know the rules

Living in gated estates has become popular and buyers are often prepared to pay a premium for the privilege.

Posted at 06:16AM Jul 21, 2014 by Editor in Market  | 

Banks raise their interest rates

Banks hiked their prime lending rates to 9.25 percent yesterday after the repo rate was increased by 25 basis points.

Posted at 06:45AM Jul 18, 2014 by Editor in Market  | 

SA builders affected by metalworkers strike

The metal sector strike has disrupted the supply of building materials to contractors.

Posted at 05:56AM Jul 18, 2014 by Editor in Market  | 

Minister mulls end to free housing

Human Settlements Minister Lindiwe Sisulu is determined to eradicate the 2.3 million housing backlog before thoughts may turn to long-term considerations of a possible end to free government housing - although not state-subsidised housing.

Posted at 09:34AM Jul 17, 2014 by Editor in Market  | 

'Operation Bring Back' set to reclaim many of state's properties

Public Works is moving to recover 'stolen state property' from individuals who are claiming buildings, properties and even farms as their own without being able to prove acquisition, which in some cases dates to before the 1994 democratic transition.

Posted at 09:32AM Jul 17, 2014 by Editor in Market  | 

Public works renegotiating fraudulent property leases

The scandal-prone Public Works Department is out of ICU and is no longer 'bleeding profusely'.

Posted at 09:30AM Jul 17, 2014 by Editor in Market  |