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A sigh of relief for S.Africa’s Property Buyers as Transfer Duty reduced

Home buyers in South African can breathe a sigh of relief as Finance Minister Nhlanhla made announcement in his 2015 budget speech, which will see reduction in transfer duty that may provide some relief and incentive for aspirant buyers in the lower end of the market. ... Full story

SA Property Owners strongly denounce ban of Foreign Land Ownership Bill

Johannesburg — The proposal ban of foreign nationals from owning land in South Africa announced by President Zuma last week, has placed in doubt and disappointed the South African Property Owners Association (SAPOA). ... Full story

South Africa tightens up Land Ownership for Foreigners

In his State of the Nation Address (SONA) on Thursday to Parliament, President Jacob Zuma said foreign nationals will be barred from owning land in the country, but they will be allowed to enter into long-term lease contracts. ... Full story

Nedbank backs Maseru Mall in Lesotho

Nedbank has provided a syndicated development facility and long term debt funding of R181 million for a major 32,000m² retail centre that launches in Lesotho’s capital, Maseru, today. ... Full story

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