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Gauteng remains South Africa’s largest housing market

Gauteng remains South Africa’s largest housing market, with just over a third of the nation’s total housing stock. ... Full story

SA Reserve Bank maintains interest rates

South African Reserve Bank (Sarb) Governor, Lesetja Kganyago on Thursday announced the bank decided to keep the repo rate at 6.75% — with prime lending interest rate at 10.25%. ... Full story

Namibia may delink currency from volatile South African rand

The government in Windhoek is weighing options to amend the currency arrangement or forge a new path for the Namibian dollar, according to Namibian finance minister Calle Schlettwein. ... Full story

Marriott's AC Hotels brand makes its debut in Africa

NASDAQ-listed Marriott International recently announced the official opening of the AC Hotel Cape Town Waterfront at The Yacht Club, marking the debut of the brand first in Africa. ... Full story

Botswana's economy slows in third quarter of 2018

Botswana’s economy grew at a slower pace of 0.5 percent in the third quarter of this year after growing 2.5 percent in the second quarter, data from the statistics office showed on Friday. ... Full story

A sigh of relief as SA retailer Edcon approved recapitalization plan

Owners of South African malls can now breathe a sigh of relief as the Edcon board recently approved the structure of a proposed recapitalization plan and in response, lenders have extended waivers to allow time for the company to turn itself around. ... Full story

$13m Vic Falls shopping mall underway in Zimbabwe

The $13 million Sawanga Shopping Mall in Victoria Falls is well under-way and promises to offer a brighter shopping experience for local residents and tourist visiting Zimbabwe's beauty. ... Full story

South African retailer Edcon battles with Rent

Clothing giant Edcon has asked owners of South African malls in which it operates for a 41% reduction in rent as its seeks to secure funding to stave off liquidation ... Full story

Namibian-based property firm Tradehold considers restructuring

Namibian-based and JSE-listed Tradehold has announced it will unbundle its financial services assets, as it aims to invest solely in property. ... Full story

Property developer on track with mall in Mozambique’s Pemba

Property developer and investor Atterbury has completed the first-phase development of its $20m Pemba Shopping in Mozambique’s port city of Pemba, the capital city of the Cabo Delgado province. ... Full story

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