SARB has announced an unchanged repo rate of 3.5% with the prime lending rate sitting at 7%. Adrian Goslett, Regional Director and CEO of RE/MAX of Southern Africa believes that with house price appreciation and rental escalations remaining subdued for some time, this would have been enough to...
Funds advised by Kasada Capital Management have announced the first transaction made through the debut fund, Kasada Hospitality Fund, acquiring a portfolio of Sub-Saharan African hotels from AccorInvest. This landmark deal is one of the largest cross-border hospitality mergers and acquisitions in...
Akani Properties, a 100% black-owned property development, management, and investment company, has won a bid to develop a R350 million hotel and conference facility in Middelburg, a growing mining and farming town in the Steve Tshwete Local Municipality in Mpumalanga. The 150-key room hotel and...
While 2020 was a year of unprecedented challenges and uncertainty, 2021 promises to bring exciting shifts and investment opportunities. John Jack, CEO of Galetti Corporate Real Estate, says this will not be without its share of disruption. The sector has pivoted to meet the changing demands of both...
Cloud 9, a luxury boutique hotel, and spa, situated in Cape Town’s trendy Tamboerskloof, has recently reopened its doors after an extensive six-month renovation and expansion. Located at the foot of Table Mountain, Cloud 9 Boutique Hotel blends away in heritage and luxury with a touch of modern...
