Excellerate Property Services (EPS), which was formed following the Excellerate group’s acquisition of a stake in JHI Properties in 2010, continues on its focused, strategic growth path, says Marna van der Walt, who was appointed CEO of EPS in October 2012.
Last year it saw growth skyrocketing, influenced largely by the launch of oil production at its Jubilee oil field in November, sending GDP soaring by nearly 15 percent. But that growth rate is expected to nearly halve to 8.2 percent this year as oil production has averaged 80,000 bpd as opposed to the 250 000bpd that was anticipated for 2013. Either way it’s all growth and the spinoff for the rest of the economy is worth taking notice of
Global retailers had been coming in to South Africa to look at what pushed the world's biggest retailer into spending $2.4 billion for control of South Africa's Massmart
Beryl Holdings has announced that the joint venture between its Smart Dynasty, and Liberty Properties has secured a property development deal in the DRC worth R5bn.
MKB Design, an independent Johannesburg company that is affiliated to the MKB Group, recently completed an extensive refurbishment of the Le Grande Casino in Kinshasa in the Democratic Republic of Congo (DRC)
Shoprite is steadily advancing its presence on the continent, with two supermarkets planned for the Democratic Republic of Congo and an initiative in place to find suitable sites in Nigeria
The hotel in the Rwandan capital which served as a refuge during the country's 1994 genocide and was made famous in a Hollywood film has been sold to a Congolese businessman of Rwandan origin.
The Democratic Republic of Congo will invite tenders worth $270-million in April, kicking off a massive donor-funded programme to rebuild its war-shattered infrastructure, officials said on Friday.
The Rwandan government has contracted South Africa's Southern Sun Hotels to manage two new hotels for 15 years
A 50% DROP in foreign direct investment in Africa's main recipients SA, Angola and Morocco was the main reason for the 13% drop in foreign direct investment inflows into Africa last year, with the continent now accounting for less than 1% of global flows.