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Zim outlaws SA Rand and US Dollar, opts for own Currency

Zimbabwe has effectively outlawed the use of a multi-currency payment system, which is seen as an attempt to stop the country's ever-rising black market exchange rate. ... Full story

Africa gets its first Canopy by Hilton hotel brand

Hilton (NYSE:HLT) announced the signing of a management agreement with Growthpoint Properties, South Africa’s largest REIT, to open a hotel under its lifestyle Canopy by Hilton brand. ... Full story

A snapshot of the property market in Zimbabwe

Even though the Zimbabwe property market faces many challenges, it has always been characterized by a high demand and a corresponding low supply – ensuring that the market has always been very active. ... Full story

SA’s $8 billion Megacity development dead in the water

South Africans were caught up on an ambitious smart-city development less than 20km away from Sandton, dubbed the ‘New York of Africa’, which didn’t progress beyond computer-generated artist impressions. ... Full story

SA retailer Edcon gets $191m from public, landlords and lenders

Edcon, the largest non-food retailer in South Africa which owns Edgars, Jet and CNA, has secured $191 million from lenders, landlords and the Public Investment Corp. ... Full story

New Nedbank app incorporates a lifestyle enhancing virtual assistance

New home-buying kit and HeyNed virtual personal assistant makes the Nedbank MoneyApp about much more than banking. ... Full story

South Africa's land reform advisory panel makes progress

With a deadline of 15 March 2019 on the horizon, a ten-member expert advisory panel held its second colloquium on land reform to present, debate and suggest ideas on how to deliver an effective, productive and just reform policy. ... Full story

Budget 2019: No quick fix for South Africa, but there’s some hope

In what was arguably one of the most closely watched National Budget speeches in recent years, Finance Minister Tito Mboweni outlined Government’s plan to boost growth, increase tax collection and reduce debt, with strong attention paid to Eskom and SOEs. ... Full story

Property players worried as Malema renews call for Land Expropriation

South African property players are taking a cautious approach as Economic Freedom Fighters (EFF) leader Julius Malema renews his call for land expropriation without compensation. ... Full story

Bank lending remains positive despite 2018’s sluggish property market

2018 was a challenging year for the South African property market, with negative real price growth in the residential property market and slowing market activity. ... Full story

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