Noxolo Majavu

3 days ago | businesslive.co.za | Noxolo Majavu

Octodec Investments has lowered its projected growth in distributable income per share from 3-5% to 2-4%, citing geopolitical uncertainty, local economic pressures and the City of Tshwane’s planned office space exit.

4 days ago | businesslive.co.za | Noxolo Majavu

Meanwhile, the group’s residential property development segment dominated the financial performance, with nine active projects in Gauteng and the Western Cape boosting both revenue and profitability. The range of homes spans from fully subsidised to premium properties over R3m. “With a robust pipeline, we are contributing to addressing the housing shortage, with 36,000 residential opportunities secured at the end of the financial year.

4 days ago | businesslive.co.za | Noxolo Majavu

Residential developer Balwin Properties has reported mixed results, with a stronger second half hinting at recovery, though high interest rates and political uncertainty weigh on demand. The 75 basis point interest rate cut offered limited relief, while optimism after the June 2024 government of national unity (GNU) formation had faded amid policy divisions and global volatility, the group said in results for the year ended February.

5 days ago | businesslive.co.za | Noxolo Majavu

Salt Rock has emerged as the best-performing segment on KwaZulu-Natal’s north coast, accounting for almost half of all residential sales between March 2024 and February 2025. Alongside Ballito, which also continues to record strong sales, the area is outpacing KwaDukuza NU in total sales, highlighting a clear shift in buyers towards these coastal hotspots. The latest report from Rainmaker Marketing shows that Salt Rock accounted for 47% of property sales between March 2024 and February 2025.

5 days ago | businesslive.co.za | Noxolo Majavu

Collins Property Group will sell its properties in Durban, Roodekop and Gqeberha to Trident Steel for R649.7m. The sales will be undertaken by subsidiary Dimopoint. Trident Steel has rented the sites for more than two decades. The deal is part of Collins’ broader strategy to recycle capital, with the proceeds set to fund new investments in the Netherlands, the group said.