These are the most delicious cities in the world, as voted for by you in this year’s Readers’ Choice Awards There are many reasons to visit a new city, but diving into the local food scene has to be one of the highlights. Whether it’s authentic street food, innovative experimentation, Michelin stars, classic cookery or…
Author: Richard Hardie, Director of Hardie Property. Since this was typed 24 hours ago, the latest news came out. The 2024 Condé Nast Traveller Readers Choice Awards is the 27th edition of the annual awards, which are based on reader ratings. The yearly awards span a wide range of categories, including finest hotels and airlines.…
The South African Reserve Bank (SARB’s) Monetary Policy Committee has elected to cut South Africa’s interest rates by 25 basis points. This marks the first time since May 2023 that the committee has changed rates, and it is in line with economist and analyst expectations. The repo rate is now sitting at 8.00%, and the…
South Africa’s City of Cape Town secured a R2.8 billion loan from the World Bank’s private investment arm to boost its water, sanitation, power, and road infrastructure. The 18-year loan from the International Finance Corp. will support investment in Cape Town, which has a 10-year pipeline worth about 120 billion rand, the city said in…
In a letter to Rebosa CE, Jan le Roux, the PPRA chairperson, Dr Steven Ngubeni, has announced that “After careful consideration and consultation with our legal advisors, we have resolved that the term “valid” in the context of BEE certificates does not imply “compliant”. This decision aligns with the recent legal opinion received by our…
Business group Sakeliga says it is preparing to launch a legal challenge against the Property Practitioners Regulatory Authority (PPRA) over the latter’s BEE enforcement policies that could see businesses forced to shut down. The issue relates to a new policy that came into effect in April 2024, where Fidelity Fund Certificates (FFCs)—required for property practitioners…
The city’s credit rating upgrade follows massive investment into infrastructure and improved revenue collection efforts. Here’s more … Cape Town is leaving the rest of South Africa in its wake, following a credit rating upgrade from Moody’s. This upgrade by the agency’s investor services sees the City of Cape Town jump from ‘stable’ to ‘positive’, reports Business Live .…
The industry is on the brink of a crisis as the PPRA persists in its stance on requiring ‘compliant ‘, not just valid, BEE certificates. Numerous agencies face the prospect of not obtaining compliant certificates and consequently losing their FFCs in 2025. The industry, already grappling with escalating interest rates and a stagnant housing market,…
We recently reported the PPRA’s intention to require valid, compliant BEE certificates to be submitted with the next round of FFC renewal applications in 2025 and with new applications with immediate effect. Every business property practitioner has needed to submit a BEE certificate to obtain their FFC since 2022. The issue now is that this…
There’s a clutch of new spots to try out! From an open-fire boma and a sizzling-hot Peruvian hotspot in the innercity to lazy lunches in the Winelands, Cape Town’s impressive foodscape continues to bulge, with new eateries popping up in and around the CBD, in the suburbs and as far afield as the Winelands. We’ve…