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.[Read More]
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.[Read More]
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.