Latest News & Developments
sapoa
Crumbling infrastructure, deteriorating municipalities, threaten property sector
Speaking to Independent Media Property recently, Neil Gopal, CEO of SAPOA (South African Property Owners Association), said despite recent positive trends in the property market, the ongoing issues at the municipal level threaten to possibly derail the commercial and industrial property sector’s recovery.
Multi-stakeholder efforts to deal with construction mafia in Cape Town
Property developers have teamed up with the City to tackle the construction mafia, as they highlighted the challenge of identifying legitimate businesses from underworld organisations operating across the metro.
Hefty rate hikes: How commercial properties are valued in SA
Property valuers conduct a valuation of commercial and industrial properties based on a number of factors.
Run on Numbers: Food deserts are on the rise in the US
One of the key components of someone’s risk of poverty is their location. Regarding many aspects of life, location is everything, especially when it comes to the accessibility to food resources. A food desert is an area in which someone does not have close access to a food source, such as a supermarket. In urban areas, the US Department of Agriculture considers a food desert an area with no ready access to a store with fresh and nutritious food options within one mile. In rural America, a food desert is defined as 10 miles or more from the nearest market. Unfortunately, food deserts are not few and far between – “it’s estimated there are more than 23 million people, more than half of them low-income, live in food deserts”.
New shopping centre planned for Durbanville set to open by end of next year
There’s a new shopping centre planned for Cape Town which should be open by the end of next year.
Millions owing: Sapo’s medical aid woes
The state-owned entity recently confirmed in response to a parliamentary question that it owes the medical scheme R561. 7 million for outstanding medical aid contributions.
Ruan Jooste’s Rants and Cents: Owners face steep increases in property rates
FNB expects national property values will be adjusted upwards, prompting businesses to migrate in search of better deals.
Medical aid buy-out will help: Sapo
Pensioners say they are not willing to negotiate yet, as the benefit has stood them in good stead, especially in their old age.