Rebosis Property Fund founded by Sisa Ngebulana has entered business rescue following the board’s decision that the group is financially distressed in terms of the Companies Act, 71 of 2008.

Worrying moments ahead as Rebosis Property Fund goes into business rescue

There is still no respite for commercial property landlords as one of South Africa’s Real estate investment trusts, Rebosis Property Fund, which owns Baywest Mall in Gqeberha and East London's Hemingways Mall, went into business rescue.

Gauteng >>

The Radisson Red hotel is conveniently situated at Oxford Parks in Rosebank.

Rosebank's Radisson Red Hotel achieves a 5-Star Green Star rating

The Radisson Red Hotel at Oxford Parks has achieved a 5-Star Green Star Custom Hotel v1 certification, making it the fourth only project to be certified under this tool.

Western Cape >>

Architectural rendering of the Takealot distribution centre in Richmond-Park, Cape Town.

Takealot takes occupation on its new flagship collection facility in Cape Town

Takealot, South Africa's online retail giant, recently opened its flagship collection facility situated at Richmond Park — a brand-new multi-billion rand mixed-use development in Cape Town.

Mpumalanga >>

Trade and Industry Minister Rob Davies approved a licence for the establishment of the Nkomazi special economic zone (SEZ) in Mpumalanga.

R7bn to boost Industrialization in Mpumalanga’s Nkomazi

The recent designation of the Nkomazi Special Economic Zone (SEZ) in Mpumalanga will contribute significantly to the economic and industrial development of the Nkomazi region and the province at large.

Economy >>

Standard & Poor’s (S&P) upgraded its outlook on South Africa’s credit rating to positive from stabl

South Africa’s credit outlook upgraded by S&P

Standard & Poor’s (S&P) upgraded its outlook on South Africa’s credit rating to positive from stable while affirming the long-term foreign and local currency debt ratings at ‘BB-’ and ‘BB’, respectively.

Construction & infrastructure >>

The former SizweNtsalubaGobodo partner, Felicia Msiza has been appointed the new chief executive officer of infrastructure development firm Raubex.

Construction development group Raubex responds to Transformation calls

Raubex (JSE: RBX), South Africa’s infrastructure development, and construction materials group has responded to transformation calls by appointing Felicia Msiza as its new CEO.

Infrastructure >>

Appearing before Parliament’s Standing Committee on Public Accounts (Scopa) on Tuesday, Public Works and Infrastructure Minister Patricia de Lille unveiled the department’s plans to address the climbing Eskom debt.

Public Works resolving Eskom municipal debt

The Department of Public Works and Infrastructure (DPWI) has begun reconciling and verifying debt owed to Eskom by the country’s 257 municipalities.