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Property
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April 29, 2019

Herman Mashaba has ‘conflict of interest in property evaluations’

The Good party has asked for Johannesburg mayor Herman Mashaba to be investigated in connection with a potential conflict of interest arising from property valuations in the city.

The party said it sent a letter to the City of Joburg’s integrity commissioner‚ Daniel Rampai‚ on Wednesday requesting an investigation.

Good secretary-general Brett Herron said the party was approached by a whistle-blower with information about the alleged undervaluing of commercial properties by the city.

“Good is concerned that while ordinary‚ middle- and low-income home owners are being asked to pay rates pegged against the real value of their homes‚ commercial property owners get [...]

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April 29, 2019

SA’s consumers hit by second-highest fuel prices on record

Less than two weeks before what is set to be the most competitive election of the democratic era, SA’s consumers will be hit by the second-highest fuel prices on record, a little more than 2% off records reached in late 2018.

The price of a litre of unleaded 95 octane petrol would jump 54c to R16.67 on Wednesday, the Central Energy Fund said, citing higher international fuel prices, which countered gains by the rand in the review period between March 29 and April 25. Prices jumped to R17.08 in October 2018.

 

Source: https://www.businesslive.co.za/bd/economy/2019-04-29-sas-consumers-hit-by-second-highest-fuel-prices-on-record/

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April 23, 2019

AC Hotel by Marriott debuts in Cape Town

AC Hotels by Marriott has opened in Cape Town, its first property in Africa and the Middle East.

The 188-room AC Hotel Cape Town Waterfront is situated at the Yacht Club development of the V&A Waterfront, opposite the new cruise terminal and 400m from the Cape Town International Convention Centre.

Speaking at the opening ceremony, Marriott International Global President and CEO, Arne Sorenson, said: “There is so much about the future of Cape Town that is exciting. With the right kind of tourism policy, we should see arrivals into Cape Town and South Africa continue to grow. We very much want to be part of that.”

Middle East and Africa President and MD, Alex [...]

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April 1, 2019

There will be affordable inner-city housing in Cape Town, but only when the plans are finalised

Inner-city affordable housing is on the cards for Cape Town if the provincial Department of Human Settlements has its way. On Tuesday, MEC Bonginkosi Madikizela revealed plans to build housing in the Cape Town inner city — but could not provide specific timelines for when construction would begin in areas his department has identified. However, the civil society group Ndifuna Ukwazi is cautious of promises made close to an election.

There are plans for affordable housing in Cape Town’s inner-city areas — the CBD, Bo-Kaap and the wealthier suburbs of Oranjezicht and Tamboerskloof — which will provide 10,000 housing opportunities, but Human Settlements MEC Bonginkosi Madikizela says [...]

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