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The offshore-focused property stocks from JSE are making more better the South African based property stocks certainly for the year to date.   The offshore-focused property stocks includes companies like Redefine International‚ Capital and Counties Properties (Capco)‚ New Europe Property Investments (Nepi) and Rockcastle Global Real Estate Company.  This could be well understood from the statistics gathered from property analysts Catalyst Fund Managers. The global listed property and South African review details for...

Latest CPA Annual Report states that among 1208 Communal Property Association’s (CPAs) existing in South Africa only 8 have received proper support from the rural Development and Land Reform Department. It is rather a painful situation that these communities did not receive sufficient assistance from the state, according to the CPA Act. This states that in some situations CPAs do not have the support to help in legal and financial transactions.CPAs were mainly established to enable communities to form juristic persons in order to gain,...

The South African property sector is all set to become a place of attraction for investors along with the acceptance of international measurements standards. The country will take a move to increase buyers confidence and will look forward to enhance consistency to improve property asset value which is an issue for developers, investors and occupiers.Changing floor investments are widely known to harm capital growth, rental prices and maintenance costs. Neil Gopal the SAPOA chief executive officer explained Moneyweb: Global Investors, users...

South Africa still practicing the ancient method of construction. Hence it is much behind than other developed and developing countries in the world w.r.t construction of multi storied buildings - according to the precast concrete supplier, Echo Group.The major economic advantage which European, American and Asian countries believe is through the excessive and proper use of the hollow core concrete slabs and other precast concrete elements. Precast concrete is the most preferred medium of multi storey superstructures in most parts of the...

South Africa’s biggest listed property company Growthpoint Properties has launched an American Depositary Receipt (ADR) programme to attract the US investors The programme was launched on the over-the-counter (OTC) market in the US on Monday through a sponsored ADR programme with BNY Mellon, and in turn giving the US investors the opportunity to buy dollar denominated shares in a South African based diversified property company that distributes its net rental income every half year. Each of the Growthpoint depository represents two...

Recent results in the property sector states that the performance of the property stocks are sustained only due to the mercy of the bond markets, which is been seen generally weak and unstable since mid-May. According to some analysts- Major imbalance in the property stocks is due to the close relationship between the returns of the nominal bonds and the property stocks. Since past few years a close correlation is generated between the bonds and the listed property  due to the global “search for yield”.In May the US Federal...

The South African Reserve Bank kept its interest rate unchanged at 5%, along with a warning that the local currency will remain unstable while investors guess at the Federal Reserve’s plans for withdrawing economic stimulus. These interest rates have again remained steady following the three day meeting of the Reserve Bank’s Monetary Policy Committee (MPC).Gill Marcus - the SA Reserve Bank governor said on Thursday that the MPC once again had kept its key repurchase rate unchanged at 5%. Due to this the prime lending rate also...

SAPOA is at the forefront of a new initiative to create global property measurement standards for property investors and users like a part of the international Property Measurement Standards Coalition (IPMSC).SAPOA was established at a meeting in New York held in 2012 which was hosted by World Bank. SAPOA is one of the twenty founding members and the only African Organisation represented.IPMSC has set up its Standards Setting Goal Committee (SSC) consisting of 19 property experts covering the property sectors in fifty different countries...

Some important and essential changes were made in the Limpopo Provincial Government by the cabinet’s recent announcement and a new administration consisting of five departments has been invited by the South African Property Owners Association (SAPOA).These five provisional government department would include education, treasury, public works, health and roads and transport  which will be placed under section 100 (1) (b) of the Constitution since December 5, 2011 in order to prevent bankruptcy.SAPOA responded positively upon this...