The budget deficit for the 2018/19 financial year is expected to widen to 4.3% of the Gross Domestic Product (GDP) – which is higher than the 2018 Budget estimate of 3.8%.

South Africa’s growth outlook has been revised downwards to 0.7% in 2018, said National Treasury on Wednesday.

The SA REIT (Real Estate Investment Trust) sector is updating its best practice recommendations to make financial reporting of South African REITs even clearer and more comparable.

South Africa is likely to exit its technical recession in the third quarter, the Bureau of Economic Research (BER) said on Tuesday.

Tuesday, 04 September 2018 17:29

Downgrade risk returns as SA enters recession

Poor GDP figures released today revealed that South Africa has entered a technical recession following two consecutive quarters of negative economic growth, heightening the country’s risk of suffering yet another credit downgrade in the second half of the year, says Citadel Chief Economist and Advisory Partner Maarten Ackerman.

The township retail and shopping centre market in South Africa is growing at a rapid pace.

If private- and public-sector land investment in our cities concentrates on keeping the haves away from the have-nots, urban sprawl will be encouraged, Professor Edgar Pieterse, told Green Building Convention 2017 delegates at Century City in Cape Town last week.

Bryte Insurance, a proactive business risk specialist, today released its Construction Activity Monitor for the period ending June 2017.

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported sound results for the financial year ended 28 February 2017, declaring a dividend of 97.24 cents per share, up 7,1% on the prior financial year and in line with the Group’s growth forecast. 

The International Monetary Fund (IMF) has raised South Africa’s growth forecast to 1% this year.

Page 1 of 5

Most Popular

Property market will trend positive in 2019, says Berry Everitt

Jan 09, 2019
BERRY EVERITT
“South Africa’s residential market is in for an interesting time in 2019, but our…

How to beat the January financial blues

Jan 09, 2019
RUDI BOTHA
No-one wants to default on their bond instalments or other account payments, but often in…

Texton’s shareholders cast clear vote against share repurchase, putting the REIT on a firmer footing

Jan 09, 2019
MARIUS MULLER
Shareholders of Texton Property Fund have voted against the repurchase of shares in terms…

Moody's affirms Nepi Rockcastle's BAA3 long-term credit rating and changes outlook to stable

Jan 09, 2019
ALEX MORAR
Moody's Investors Service has affirmed NEPI Rockcastle’s long-term credit rating and…

PKM Developments opens three new value centres in Central and Eastern Europe

Jan 09, 2019
BAIA MARE
In November and December 2018, PKM Developments, the joint venture between MAS Real…

Please publish modules in offcanvas position.