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IOLProperty - South African Property For Sale
Friday Apr 20, 2012

Distress as property owners feel the pinch

Despite a slight improvement in the property market and interest rates remaining unchanged at 9 percent for several quarters, the high number of urgent sales because owners are in financial difficulties is a serious concern.

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Owner of Mandela Rhodes Place provisionally liquidated

The company that owns most of Mandela Rhodes Place, one of Cape Town's flagship developments, has been provisionally liquidated over a R219 million debt.

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Presidential town on the rise

Bongiseni Bhengu is under pressure. It is tough enough being a municipal councillor constantly harassed to speed up service delivery and development, but when your ward is home to the president of the country, that pressure is tenfold.
The president's homestead at Kwanxamalala in Nkandla in 2009.

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Government plans more investment in public transport

Transport Minister Sibusiso Ndebele has unveiled a R173 billion bidding process for Metrorail's stock fleet renewal programme.

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