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Jacques Du Toit Absa Hoam Loans
February 23, 2017

Minor adjustments to transfer duty on property in the 2017 Budget

in Office, Retail, Industrial, Hotels and Residential
The 2017 national Budget was tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017.
Pravin Gordhan Finance Minister
February 22, 2017

Pravin Gordhan raises transfer duty threshold from R750 000 to R900 000

in Office, Retail, Industrial, Hotels and Residential
The raising of the threshold for transfer duty on properties sold for less than R900 000, up from R750 000, as announced in today’s National Budget, is positive news as it provides some relief for first time home buyers, says Dr Andrew Golding, chief executive of the Pam Golding Property group.
Lesetja_Kganyago_SARB_Governor
February 22, 2017

GDP to average 1.3% in 2017, SA needs to boost investment

in Office, Retail, Industrial, Hotels and Residential
South Africans can expect growth of 1.3% in 2017, which is expected to improve moderately to over 2% in the medium term, Finance Minister Pravin Gordhan said on Wednesday.
Pravin Gordhan Finance Minister
Feb 22, 2017

Good news for affordable housing market

As Finance Minister Pravin Gordhan tabled what appeared to be a pro-poor budget, he has announced that relief will be…
Dawie Roodt
Feb 22, 2017

South African economy for retailers with Dawie Roodt and the South African Council…

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Maerua Mall Namibia
Feb 21, 2017

Maerua Mall begins interior upgrade

Maerua Mall, established in 1990, is Windhoek’s original shopping centre. Located close to the heart of Namibia’s…
Solar Lights
Feb 21, 2017

Energy efficient ways to light up your garden

The sun might be setting a little earlier than it did at the beginning of the year.
Stor Age CEO Gavin Lucas
Feb 21, 2017

Stor-Age close R500 million acquisition

JSE self storage REIT, Stor-Age, today announced that it had raised R400 million in a significantly oversubscribed book…

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Company Profile

Ability Recruitment

Property Staffing Services Ability Recruitment provides staffing solutions for companies in Property Management, Construction, Development and Property Asset Management. Finding qualified talent for property positions can be an ongoing challenge for any…

Property Leader

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Lindie Engelbrecht

Ms. Lindie Engelbrecht, CA(SA) served as the Chief Executive of the Institute of Directors. Ms. Engelbrecht has advised, consulted and presented to boards and audit committees in the public and private sectors and to tertiary institutions on corporate, legal…
Thursday, 09 December 2010 02:00

Transnet revises pipeline costs to R23.4bn

Written by eProp Commercial Property News
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Transnet has revised the cost of its new multi-product pipeline to R23.4bn, the parastatal said.

Chris WellsTransnet has revised the cost of its new multi-product pipeline (NMPP) to R23.4 billion, the parastatal said on Wednesday.

This is up from the initial forecast of R11.1 billion in 2008.

In 2009 the cost was put at R12.67 billion and in November 2009 the cost increased to R15.4 billion.

Chris Wells, Transnet's acting chief executive attributed the revision to a number of reasons "including engineering and changes in scope, too tight a construction schedule at the outset and significant increases to steel and equipment costs compared to the original estimates".

The pipeline will replace the old line from Durban to Johannesburg that was built 45 years ago and which is nearing the end of its design life.

Wells added that the NMPP was being funded off Transnet's balance sheet "just as we have done with other projects".

Turning to Transnet's bond issuance, Wells noted that the preparatory work had been done and it was preferred that the bond be issued in dollars.

"We can afford to be opportunistic though in issuing the bond as we don't really need money right now."

The bond was to have been issued around six months ago but Wells said that the Greek sovereign debt crisis had broken out which had halted the process.

 

Last modified on Wednesday, 30 October 2013 08:32
Nedbank Property Finance is a market leader in commercial property finance, enabling you to realise your property opportunities through a diverse range of financing solutions.

Listed Property, REIT, Real Estate Funds

Stor Age CEO Gavin Lucas

Stor-Age close R500 million acquisition

February 21, 2017 Listed Property, REIT, Real Estate Funds eProperty News
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Office, Retail, Industrial, Hotels and Residential

Jacques Du Toit Absa Hoam Loans

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February 23, 2017 Office, Retail, Industrial, Hotels and Residential eProperty News
The 2017 national Budget was tabled in the South African Parliament by the Minister of Finance, Pravin Gordhan, on Wednesday, 22 February 2017.

Green Building and Sustainability

Rosebank Link

Redefine Properties announces plans for new 15-storey office tower in Rosebank

February 14, 2017 Green Building and Sustainability eProperty News
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Commercial Property Auctions

Norman Raad CEO Broll Auctions Sales

Prime located buildings in Cape Town & Pretoria sold on auction

December 12, 2016 Commercial Property Auctions eProperty News
Ending the year on a high note, the November 2016 auction held by Broll Auctions and Sales proved a great success with a number of noteworthy sales taking place.

Africa, International Property News

Xander Nijnens Senior Vice President

Increasing liquidity in Sub-Saharan Africa hotel real estate market

February 10, 2017 Africa, International Property News eProperty News
Investment grade hotel assets on the continent are traditionally tightly held due to the dominance of owner operators, high net worth individuals and family offices.

Construction, Energy and infrastructure

Keshav_Padaruth_RICS_Fellow

Mauritius produces the youngest ever RICS Fellow in Africa

December 12, 2016 Construction, Energy and Infrastructure eProperty News
Firmly established on the global map as a progressive business hub with a thriving economy, Mauritius is becoming a breeding ground for professionals, this despite the fact that this small island in the Indian Ocean only has a population of about 1.3 million…

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