

Cape Winelands airport set to soar: A visionary aviation hub in the making
In a transformative endeavor set to redefine aviation in Cape Town, the Cape Winelands Airport (CWA) is emerging as a beacon of innovation, sustainability, and global connectivity. The ambitious project, backed by a dedicated team of experts and partners, aims to establish a world-class aviation hub that will link cultures and places across the globe.

Atterbury’s premium mixed-use development drives Cape Town’s commercial growth
Atterbury continues to strengthen Cape Town’s commercial landscape with its flagship Richmond Park development, setting new standards for mixed-use properties in the Western Cape. This multi-billion rand development along the N7 highway in Milnerton represents the company’s commitment to creating integrated business environments that serve diverse commercial needs.

Office parks reimagined: When sustainability meets market leadership
In an era of unprecedented environmental and operational challenges, South Africa’s office parks stand at a critical juncture. Energy insecurity, water scarcity, and ageing municipal infrastructure are no longer distant concerns but immediate challenges that demand innovative solutions.

Estates rank among the best performing neighbourhoods
An influx of buyers from Gauteng and international buyers from the UK and Northern Europe has also boosted demand for estates in the KZN North Coast area with sales mostly in the R13 million to R15 million. High-end estate homes are now listing for up to R40 million.

Riverstone Mall nears opening
Alley Roads Group has confirmed that the construction of its Riverstone Mall has been completed, with occupational handover to tenants being finalised before the mall’s opening at the end of the month.

Repo rate stays the same
While it is unfortunate that the Reserve Bank has decided to hold the repo rate steady, three previous cuts have had a noticeable impact on the property market

MPC’s decision to hold rates firm and vat increases could put the brakes on recovery in residential property demand
In an environment of rising living costs, affordability remains a major factor. The MPC’s decision to hold interest rates and concerns over economic growth will likely impact investor sentiment in the short term, as buyers adopt a wait-and-see approach.

Rate hold still bodes well for homebuyer confidence
Rhys Dyer, CEO of the ooba Group provides his comments in the release below, maintaining the decision is still a positive signal for homeowners and buyers, and that current market conditions may support a 25 basis point rate reduction in May.

Unchanged interest rate a missed opportunity
The decision by the Monetary Policy Committee of the SARB to retain the interest rate at the current level of 7.50% (prime rate at 11%) is disappointing and a missed opportunity to provide vital relief to consumers and property buyers and a boost to the economy, says Samuel Seeff, chairman of the Seeff Property Group.

Unchanged repo rate disappointing news for home buyers
“With the February 2025 consumer inflation rate unchanged at 3.2% – below market expectations – the Monetary Policy Committee’s decision not to reduce the repo rate disappointed existing mortgage holders and aspirant home buyers,” says Andrew Golding, chief executive of Pam Golding Property Group. This means that the SA Reserve Bank repo rate remains 7.5%, while the prime lending rate stays at 11.0%.

Crumbling infrastructure, deteriorating municipalities, threaten property sector
South African Property Owners Association (SAPOA) said the ongoing deterioration at municipal levels not only put strain the financial viability of property owners but also create an environment of uncertainty that could drive investment away from South Africa’s real estate market

Cape Town opens electricity grid to energy traders after successful pilot
The City of Cape Town officially opened the electricity grid to energy traders after a year-long “wheeling” pilot project. Equites is proud to have been involved as one of three participants in the pilot and will remain a partner to the City in this initiative.

Rode Publications concludes a strategic capital raise with REdimension
Rode Publications & Media is thrilled to announce a strategic investment from REdimension Capital, marking a major milestone in our journey to becoming South Africa’s premier real estate market intelligence platform

SA REIT Association expects steady sector growth in 2025
The South African Real Estate Investment Trust (REIT) sector is poised for growth in 2025, driven by improving investor sentiment and property fundamentals, rising consumer confidence and falling interest rates.

Hyprop achieves double-digit income growth – year ending 31st December
Hyprop Investments has reported double-digit growth in distributable income of 14.5% to R765 million for the year ended 31st December 2024 with a 14.4% increase in distributable income per share to 201.4 cents per share.

Vukile acquires flagship Spanish mall in EUR305 million deal
Vukile Property Fund (JSE: VKE), the leading specialist retail real estate investment trust (REIT), through its 99.5% held Spanish subsidiary Castellana Properties, has acquired the largest shopping centre in Spain’s Valencia province, the iconic Bonaire Shopping Centre, from multinational retail REIT Unibail-Rodamco-Westfield.

Growthpoint’s positive financial outlook enhanced: Half-year results delivered
Growthpoint Properties Limited delivered stronger-than-expected results for its six-month interim period ending 31 December 2024, reporting distributable income per share (DIPS) of 74.0cps, up 3.9% from HY24, while maintaining its distribution payout ratio at 82.5%.

One of Africa’s most iconic buildings Ponte City on tender – closing date: 10 april 2025!
Ponte City is one of the most iconic buildings in Johannesburg, standing out as a prominent feature of its famous skyline. This remarkable structure has a unique design, featuring a cylindrical shape with an open and hollow centre that serves several different purposes.

Transfer duty exemption threshold increase, a golden opportunity for first-time buyers
The increase in the transfer duty exemption threshold to R1.21 million presents a golden opportunity for first-time homebuyers, according to the Seeff Property Group. This follows the upward adjustment of the transfer duty tables by 10% in this year’s Budget 2025, with the result that the exemption threshold for transfer duty is increased to R1.21 million.

Multi-Million Rand opportunity for bank to accelerate property transactions
The property transfer process is an intricate web of communications and approvals, historically bogged down by legacy systems and paper-based interactions. Thanks to the digital transformation and solutions that automate cumbersome processes, property transfers happen faster and far more efficiently than ever

Prferential launches AI-driven app to revolutionise tennant screening in SA
As South Africa’s property management landscape becomes increasingly complex, the demand for innovative solutions that can simplify and streamline operations has never been greater. Preferental, a leader in property management innovation, has responded to this challenge with the introduction of its new tenant screening app.

Mall of Mthatha: A new name for a new era of retail in Mthatha
Since its acquisition in May 2024 by Flanagan & Gerard Property Group and leading retail REIT Vukile Property Fund (JSE: VKE), Mall of Mthatha (formerly BT Ngebs City) has undergone significant enhancements aimed at elevating the shopping experience and reinforcing its position as the region’s leading retail destination.

FPG Fund acquires Sandown
FPG Property Fund has announced the successful acquisition of Sandown Retail Crossing, a prominent 30,948m² retail asset prominently anchored by Checkers Hyper.

SA buyers zoom in on Dubai, Mauritius, Zimbabwe property
South Africans and Expats working in the country have become an attractive market for property in neighbouring African countries, and also for the Mauritius and Dubai property markets.

Shaftsbury Capital PLC and Norges Bank Investment management establish Covent Garden partnership
Further to the announcement dated 19 March 2025, Shaftesbury Capital PLC (“Shaftesbury Capital” or the “Group”) is pleased to announce that it has formed a strategic, long-term partnership (the “Partnership”) with Norges Bank Investment Management (“NBIM”), the Norwegian sovereign wealth fund, in respect of its Covent Garden estate.

Burstone Group JV expands fund management strategy in Australia with growth of industrial and logistics platform alongside TPG Angelo Gordon
The Burstone Group’s Australian joint venture (JV) with the real estate fund manager, Irongate Group, has established an agreement with TPG Angelo Gordon, a diversified credit and real estate investing platform within TPG, with approximately US$91 billion assets under management. TPG is a leading global alternative asset management firm.

JSE Listings Requirements: Simplification Project – proposed amendments to the valuation report provisions
JSE Listings Requirements: Simplification Project – proposed amendments to the valuation report provisions

Airbnb and Sectional Title: Navigating the rules and regulations for short-term letting
As more Airbnb and short-term letting options come to the fore, concerns from property owners and tenants in complexes, estates and apartment buildings are growing, with issues related to noise, parking, property damage and security coming to the forefront.

Property sector showdown: Sakeliga challenges South Africa’s PPRA regulation
South Africa’s property industry faces a significant legal battle as the business interest group Sakeliga takes on elements of the Property Practitioners Act of 2022. The group argues that the Act enforces excessive regulatory control and compels Broad-Based Black Economic Empowerment (B-BBEE) compliance in unwarranted ways. A successful challenge could have widespread implications for numerous businesses, offering them more operational freedom without mandatory BEE certifications.
Click on the cover of the
Rode Retail Report
to view the publication
In this edition, we report that retail sales rose significantly in the last quarter of 2024 compared to the same quarter a year earlier. This increase was driven by a slowdown in inflation, reduced interest rates, and two-pot retirement withdrawals. Regarding the availability of shopping space, Rode’s data indicates that the new supply of malls will rise sharply in 2025, reaching the highest level since 2019.
Click on the cover of
the Rode Report 2024:4 to view the publication
It’s been quite a dynamic start to 2025, hasn’t it? With Donald Trump back in the spotlight, his policies and statements have undoubtedly stirred the pot on the global stage, and even South Africa has faced criticism.
What are we to make of all the noise?
Click on the cover and find out!
Click on the cover of
the new look Rode SA Property Trends to view the publication
Welcome to another issue of Rode SA Property Trends. This publication provides a six-year outlook for the South African property sector until 2029, using two macroeconomic scenarios.
