South-African residential property developers have had a tough time in the past four years. Commercial Director of Asrin Property Developers, Shiraaz Hassan, said that “when the foundations for a new scheme have begun, over a third of the work it entails has already been done.”
What he meant was that the investigations and the planning of processes with government parastatals, interested parties and municipal authorities should be dealt with before the project’s inception.
He also stated that a lack of depth and thoroughness has played a huge role in causing delays, thus …

Property giant Growthpoint and the Government Employees Pension Fund (GEPF) recently announced that all conditions related to the purchase of the landmark V&A Waterfront in Cape Town were successfully fulfilled.
The new owners also announced that the redevelopment of the Clock Tower precinct worth R500 million had already commenced and that it would be completed over the next four years. This South African property development will be one of the biggest business developments since the inception of the V&A over two decades ago.
Arthur Moloto, Chairperson of Government Employees Pension Fund, believes …