property Archives - Page 2 of 3 - AfricaBusiness.com

22Sep

By Africa BusinessNo Comments

Low interest rates fueling property buying boom: Finder.com’s economist panel

59% of panellists say the property buying boom will last for at least another year 54% say the boom is negatively impacting the rental market 97% say the SARB will hold the repo rate this week South Africa’s property buying boom isn’t going to slow down anytime soon, according to Finder.com’s SARB repo rate forecast report. 59% of Finder’s panel say the boom will sustain itself for at least another year, with 30% saying the trend will continue until the end of 2022 and 29% saying it will last even longer. Meanwhile, just two panellists (7%) think the market will slow down by November. Alexander Forbes chief economist Isaah Mhlanga thinks the boom will last for another year due to the historically low repo rate. “House prices have declined during the pandemic and due to the re...

14Dec

By Africa BusinessNo Comments

Interview, Real Estate, South Africa News

Outlook for Cape Town property landscape – Where to invest

“As we end 2019, and reflect on some of the highlights, it’s heartening to note that banks were lending up to 105% and aggressively competing for business – to this end the sentiment was that this was a bullish move by the banks and likely to have been based on a sense that the market had bottomed out and that there is confidence in a market comeback in the future,” says Mike Greeff, CEO of Greeff Christie’s International Real Estate. “The repo rate was decreased and remained there, which we in the industry welcomed,” he adds. Greeff says that sentiment improved post election, and adds that Greeff Christie’s International Real Estate experienced a significant uptick in buyer activity. “Currently there is a noticeable increase in buyer interest and this has been the case following the Rugby...

How Industry 4.0 tools can aid property development

28Oct

By Africa BusinessNo Comments

Real Estate, South Africa News

How Industry 4.0 tools can aid property development

The property sector has a great knack for changing with the times. When the internet boomed almost twenty years ago, property development companies quickly integrated it into their services. We have evolved and are thriving in this digital space. Auctioneering, in particular, has seen vast changes online, from merely posting properties up for auction to platforms such as our new Broll Auctions Online Platform that we launched earlier this year, whereby bids can take place in real-time. Today, we are facing different beasts, that of artificial intelligence, big data automation, virtual reality and the Internet of Things. And we would be wise to integrate these emerging technologies sooner rather than later. Just how these technologies will change property auctioneering is uncertain. But it...

22Apr

By Africa BusinessNo Comments

Africa Travel, African News, Nigeria News

Carlson Rezidor announces the Radisson Blu Hotel, Port Harcourt, Nigeria

The Carlson Rezidor Hotel Group – born in early 2012 – is one of the world’s largest and most dynamic hotel groups. The portfolio of the Carlson Rezidor Hotel Group includes more than 1,300 hotels, a global footprint spanning 80 countries, a powerful set of global brands (Radisson Blu, Radisson®, Country Inns & Suites by CarlsonSM, Park Inn by Radisson, Hotel Missoni and Park Plaza®). In most of the group’s hotels, guests can benefit from the loyalty program Club Carlson, one of the most rewarding loyalty programs in the world. The Carlson Rezidor Hotel Group and its brands employ more than 80,000 people. The Carlson Rezidor Hotel Group is headquartered in Minneapolis, USA, and Brussels, Belgium. http://www.carlsonrezidor.com; http://www.rezidor.com The Carlson Rezidor H...

4Dec

By Africa BusinessNo Comments

Energy, Green Energy

SunPower Corporation to Supply Toshiba with 20.1 Percent Efficiency Solar Panel for Japanese Market

New 20.1 Percent Efficiency Module Continues Toshiba’s High Efficiency Leadership in Japanese Residential Market SAN JOSE, Calif., Dec. 4, 2012 /PRNewswire/ — SunPower Corporation (NASDAQ: SPWR) today announced that it will supply Toshiba with its new world-record efficiency solar panel beginning in December, extending Toshiba’s solar efficiency leadership in the Japanese residential market. SunPower’s new E20/250NE solar panel features a 20.1 percent efficiency rating delivering 250 watts per 72-cell module, and will be marketed exclusively by Toshiba in the Japanese homes segment. The module features the all-back contact Maxeon™ solar cell designed and manufactured by SunPower Corporation which offers world-record efficiency. Since SunPower first partnered with Toshiba in 2010, it has de...

17Nov

By Africa BusinessNo Comments

African News, South Africa News

Affordable housing rental market looks increasingly attractive

The South African residential market offers an attractive opportunity in the affordable housing rental segment largely driven by low and middle income earners who do not qualify for bonds and increased demand for housing located closer to areas of economic opportunity. Gerhard Zeelie, Head Real Estate Finance (Residential) at Standard Bank South Africa, says: "Investors who select good locations, efficiently manage their assets and look after their tenants can reap good returns from affordable housing rentals. Rentals in the affordable housing rental market can typically offer returns of between 8.5% and 9% after tax, assuming conservative gearing and taking moderate capital ...

12Nov

By Africa BusinessNo Comments

African News, Nigeria News, South Africa News

Standard Bank Group leads US$550m Shoreline Natural Resources facility

Standard Bank Group, as mandated lead arranger and bookrunner, has closed a US$550,000,000 syndicated bank guarantee and bridge facilities for Shoreline Natural Resources. This is one of the largest finance deals completed in Nigeria so far in 2012. Shoreline has used the facility to acquire 45% in OML 30, an oilfield in the Niger Delta of Nigeria, from 1 November 2012. China Development Bank joined Standard Bank Group as mandated lead arranger. They were joined by lead arrangers Ecobank Nigeria and First City Monument Bank. The facility was fully underwritten by Standard Bank Group. It was signed with Shoreline on 29 June 2012, has a 12+6 month tenor and is structured as a bank ...

10Nov

By Africa BusinessNo Comments

African News

Professional Indemnity Insurance in South Africa

NEW YORK, Nov., 2012 /PRNewswire/ -- Reportlinker.com announces that a new market research report is available in its catalogue: Professional Indemnity Insurance in South Africa http://www.reportlinker.com/p01028856/Professional-Indemnity-Insurance-in-South-Africa.html#utm_source=prnewswire&utm_medium=pr&utm_campaign=Insurance Professional Indemnity Insurance in South Africa is a report about the South African market for and distribution of policies covering professional liability. For 2007, 2011 and with a forecast for 2015, the study breaks down the market for professional indemnity insurance on a standardised basis by professional group with 12 categories considered as follows: accountancy and finance alternative medicine architecture and engineering br...

7Nov

By Africa BusinessNo Comments

African News

Sarama Resources announces $500,000 private placement

TSX-V Ticker: SWA SWA.WT VANCOUVER, Nov., 2012 /PRNewswire/ - Sarama Resources Limited ("Sarama" or the "Company") announces a private placement (the "Private Placement") for the issuance of 555,556 units (the "Units") at a price of $0.90 per Unit to raise gross proceeds of approximately $500,000. Each Unit will be comprised of one common share of the Company and one-half of one common share purchase warrant (each such whole warrant, a "Warrant"). Each Warrant will entitle the holder to purchase one common share of the Company at a price of $1.20 at any time prior to 5:00 p.m. (Toronto time) on October 17, 2014. The Private Placement will be conducted on a non-brokered basis and is subject to regulatory approval. The proceeds of the Private Placement will be used principa...

6Nov

By The African Press OrganizationNo Comments

Science

Oncobiologics and Boston Oncology Team Up to Deliver Biosimilar Therapies for Cancer and Immune Disease to Middle East and North African Markets

CRANBURY, N.J. and CAMBRIDGE, Mass., Nov. 6, 2012 /PRNewswire/ — Oncobiologics, Inc. and Boston Oncology, LLC today announced a strategic partnership that will allow Boston Oncology to license, manufacture, and commercialize four of Oncobiologics’ biosimilar therapies for cancer and immunological disease in the Middle East and North African (MENA) regions. Under the agreement, Boston Oncology—a pharmaceutical company that localizes advanced technologies and manufacturing expertise in the developing world—will provide Oncobiologics with upfront licensing payments and development milestone payments, along with royalties after the medicines are commercialized. Boston Oncology plans to oversee clinical trials and the development of manufacturing facilities for these therapies in various MEN...