Bruce Zungu

Instant provides a comprehensive guide for businesses looking to navigate the shifting landscape of South Africa’s #CRE market and uncover new opportunities in outsourcing. Check it out now: https://lnkd.in/d6zDbx92

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SAfm Market Update with Moneyweb | “South Africa’s REIT sector is showing significant growth potential, driven by a combination of lower interest rates and rising demand for office space,” notes John Jack, CEO of Galetti Corporate Real Estate. Post-pandemic, the market has seen companies downsize and optimize, leading to reduced vacancies and improved performance, particularly in coastal regions. Even the office sector, once hard-hit, is now presenting strong opportunities. “With the strengthening rand and a renewed focus on operational efficiency, REITs are well-positioned for continued growth,” says John Jack. Listen to the full interview:  https://lnkd.in/drQ5dp9c #Galetti #REITs #PropertyNews #RealEstateInvesting #OfficeSpace #InvestmentOpportunities #RealEstateTrends #InvestorInsights #CommercialRealEstate #PostPandemicRecovery

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📢Attention Financial Planners📢 Discover the Power of Partnership with Private Clients by Old Mutual Wealth. In the face of a challenging economic landscape, Old Mutual Wealth’s Private Clients has emerged as a beacon of growth and stability. Despite a weak currency and subdued business activity in South Africa, Private Clients has achieved remarkable success in 2023. Why Private Clients?  Private Clients offers a unique blend of bespoke global wealth and investment solutions, meticulously crafted to meet the intricate needs of high-net-worth individuals (HNWI). Their approach is not transactional but transformational, fostering enduring partnerships with financial planners and their clients. Read more about how Private Clients can transform your practice and help you achieve unparalleled success on Blue Chip Digital here ⬇️ https://lnkd.in/dJPtD_be #PrivateClients #FinancialPlanning #InvestmentManagement #FiduciaryServices #Partnership #Premiumisation #CFPs #Financialplanners

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Growthpoint Properties, South Africa’s largest JSE-listed REIT, is pioneering sustainability in commercial real estate. Committed to environmental, social, and governance (ESG) principles, the company is transforming South Africa's energy landscape. Initiatives include a Power Purchase Agreement (PPA) with Etana Energy and the e-co2 green energy scheme. Starting July 2025, Growthpoint will provide green energy to over 85 buildings. Asset interviews Estienne de Klerk, Werner Van Antwerpen, and Paul Kollenberg about how these efforts will cut carbon emissions and benefit tenants, contributing to a carbon-neutral future by 2050. Find out more in the September issue of Asset - https://lnkd.in/dvtz5iiF #Powerpurchaseagreement #greenenergy #carbonfootprint #hydroelectricpower #sustainability #renewableenergy Support Asset, the magazine that supports our property industry.

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SA REIT Association and Nedbank Corporate and Investment Banking have launched a sustainability and best practices guide for REITs: https://bit.ly/4epYEYp #reit #sustainability #industryinsights #industrybenchmarking #ESG #JSE #shareholders #listedcompanies #propertyfund #assetmanagement #realestatenews #commercialrealestate #propertyowners #landlords #realestateinvestment

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Everything Property | "Improved investor confidence, a stronger rand, and recent interest rate cuts have sparked a strong recovery in South Africa’s REIT sector," says John Jack, CEO of Galetti Corporate Real Estate. After years of volatility, the market is seeing significant gains, with top REITs like Growthpoint Properties , Fortress Real Estate Investments Limited , and Attacq Limited posting impressive growth. Growthpoint Properties's R4.5 billion investment in the V&A Waterfront and a focus on student accommodation are just a few highlights of the sector’s recovery. “REITs continue to gain ground because of an anticipated decline in interest rates and a positive sentiment created by the GNU.” adds John. Read the full article: https://lnkd.in/dJkY8dGG #PropertyNews #galetti #REITs #SouthAfricanEconomy #GrowthPoint #InterestRates #PropertyInvestment #CommercialRealEstate #PropertySectorRecovery

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" Who says the repo rate will be cut in September? For a start, Nedbank, Standard Bank, Absa, Bloomberg, Bank of America, Investec, the Bureau for Economic Research, Prescient Investment Management … we can go on and on. In the property sector, we’re hearing from all the major national property agencies. Everyone is anticipating a cut and, in fact, demanding it. Speaking at REIS, Dr Roelof Botha, an economist affiliated with the Gordon Institute of Business Science (GIBS) and a former advisor to the National Treasury, is somewhat more optimistic, predicting a 50-basis point drop to start, highlighting that New Zealand made that leap, taking many by surprise. He has been vocally critical about the cost of restrictive monetary policy. It may be that the country has been battling high inflation, but at what cost? What is Botha’s question? “The average home price, adjusted by the inflation rate, has dipped over the past two years. This doesn’t mean the property market is dead and buried; it’s just become a little bit tough.” He also referenced household debt to support the difficulties faced in the property sector: “As a percentage of income, it’s at 9,2%, the highest in 15 years. This is a significant number: R2.1 trillion, 85% of which is mortgage loans, followed by credit cards and overdrafts. “Total household credit is worth less in real terms than ten years ago. This is frightening. The economy has never been able to grow at high sustained rates unless household credit is growing.” The prime rate frustrates Botha. He pointed out that from the second quarter of 2022, when SA’s growth was stabilised at 2%, the real prime rate sat at 3%. “The country was exactly where it should be. But, for some reason, after that, the decision was to increase the prime rate … almost every single month.” Botha, obviously like us all, wants the interest rate to drop … “Very far because then we can grow this economy” and follow his passion, job creation. “We need to create jobs, so this is the only economic policy priority this government should have. The minute you do that, you broaden the tax base and combat poverty. Unemployment is a huge problem. We need to get back to creating at least one million jobs a year in the formal sector from 2025 onward.” “Now we have the GNU and, along with it, the hope that economic policy will come to fruition,” said Botha. “We have a free enterprise democracy. Our constitution is our barometer of that, and I’m convinced that we are going to have at least 3.4% yield growth in 2025. “The market is still alive; it’s very tight, though. The minute interest rates start dropping, the property industry will slowly, but surely, start lifting its head and likely face a shortage of houses,” said Botha." – Property Professional 9 November 2024

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According to the MSCI South Africa Bi-Annual Property Index for the six months ending June 2024, the industrial property sector remained the top performer, delivering a return of 7.3%, driven by robust occupier demand and low vacancy rates. The index’s total return for the period included an income return of 4.1% and positive capital growth of 0.8%. #IndustrialProperty #PropertyDemand #IndustrialPropertyReturns #Occupiers #CapitalGrowth

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According to The Rode Report, South Africa’s commercial real estate market is projected to grow from $8.68 billion in 2023 to $14.5 billion by 2028. Our latest white paper explores the opportunities within South Africa’s evolving commercial real estate market: - https://lnkd.in/dSXYYVhN

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🚨 Breaking Barriers in the Property Sector: Key Insights from the WECONA Property Sector Research Study Desktop Findings 🚨 Thrilled to share some powerful insights from the recently concluded WECONA Property Sector Research Study Desktop findings. As we continue to drive the agenda of women’s economic empowerment within South Africa’s property sector, one critical area that demands #immediate attention is women’s participation in the #supply_chain. 🔍 Key Finding: Despite numerous initiatives aimed at promoting gender equality, women remain significantly underrepresented in the property sector’s supply chain. This gap is not just a statistic—it’s a missed opportunity for inclusive growth, innovation, and economic resilience. 💼👜 Why It Matters: The supply chain is the backbone of the property sector, influencing everything from procurement to project completion. Yet, systemic barriers continue to prevent women-owned businesses from fully accessing and benefiting from this critical component. Limited access to capital, entrenched gender biases, and lack of visibility in decision-making processes are just a few of the hurdles that must be overcome. ✨ Our Call to Action: We must act NOW to dismantle these barriers. It is essential to create targeted programmes that support women entrepreneurs in navigating and thriving within the supply chain. This includes equitable procurement policies, capacity-building initiatives, and fostering an ecosystem where women-owned businesses are not just participants but leaders. The WECONA Property Sector is committed to turning these findings into actionable strategies that will reshape the business landscape for women in the property sector. Let us build a more inclusive and prosperous future for all and let us continue to push boundaries and drive change. The time to act is now! 👏🏽 #WECONAPropertySector #WomensEconomicEmpowerment #PropertySector #SupplyChain #EconomicEmpowerment #GenderEquality #NSPGBVF #WomenInBusiness

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Earlier in the year James Turp, Sanlam Investments, Sanveer Hariparsad, CFA, CAIA, Sentio Capital Management, and Jean-Pierre du Plessis, Methodical Investment Management (Pty) Ltd discussed the local #FixedIncome landscape👉 https://lnkd.in/drXeSnG4 Our panel of experts also looked at rate cuts from the Fed and how South Africa’s #Bonds compare to other #EmergingMarkets, and a market rally.

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We bring 20+ years of specialized expertise to the property sector. Here's why partnering with us can elevate your business: ✅ Deep industry knowledge ✅ Tailored financial strategies ✅ Comprehensive services including:    - Cloud-based bookkeeping    - Detailed management accounts    - Expert tax planning and compliance    - VAT services    - B-BBEE assistance    - Strategic business structuring We offer personalized support and proactive advice, seamlessly integrating with your operations through our cloud-based solutions. Don't let complex financials hold you back. Whether you're a property owner, estate agent, developer, or managing agent, we're here to handle the numbers so you can focus on growth. Let's connect to discuss the options. #PropertyAccounting #RealEstateFinance

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Evan Robins, Old Mutual Investment Group, Imdaad Nana, Catalyst Fund Managers, and Rahgib Davids CA(SA), CFA, M&G Investments Southern Africa explore the local and global #Property landscape👉 https://lnkd.in/ehwtGuuZ The panel discussed the impact that #ArtificialIntelligence has had on the property sector, stocks in portfolios, stocks to avoid, and some of the factors to price in when looking at property.

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Bizcommunity.com | "The adoption of green energy and stronger public-private partnerships is helping to reshape South Africa’s commercial property industry," says John Jack CEO of Galetti Corporate Real Estate. In 2024, reduced load shedding, interest rate cuts, and growing investor confidence have accelerated the industry’s recovery. South Africa’s increasing photovoltaic capacity is driving this momentum, with the country projected to rank as the tenth-largest solar energy market globally. John Jack highlights how this shift makes businesses more resilient and puts the power in the private sector’s hands. "After several challenging years—even before the pandemic—there is a renewed sense of optimism and collaboration," adds John Jack. Read the full article: https://lnkd.in/duVH-3sZ #PropertyNews #RealEstateNews #RealEstateTrends #GreenEnergy #CommercialPropertyTrends #SouthAfricaREITs #SustainableDevelopment #GalettiCorporateRealEstate #SouthAfricanEconomy

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Catch our GCA Miyelani Holeni on SABC, The Full View today with Bongiwe Zwane, sharing insights on economic growth ahead of the MTBPS. #MTBPS2024 #EconomicGrowth #BudgetInsights #NtiyisoConsultingGroup

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The Outlier's #BigNumber: How long does it take to sell a home? Residential properties spend about three months – or an average of 92 days – on the market in South Africa’s five biggest metros. It’s an increase from the 69 days in 2015, according to a survey of estate agents by property analysts Lightstone Pty Ltd. Properties in Johannesburg spend an average of 28 days longer on the market than those in Cape Town (75 days). Lightstone says Cape Town’s market moves faster because of the increasing migration of professionals to the city. #BigNumber #PropertyMarket #RealEstate #Lightstone #MarketTrends #RealEstateInsights #PropertyAnalysts #DataViz #Semigration #SouthAfrica #Johannesburg #CapeTown

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Our latest chart book is here, showcasing positive trends in the local REIT market. Despite global challenges and elevated inflation, South African REITs have shown resilience, maintaining prices above year-end levels. Attacq Limited emerges as a notable standout, experiencing a remarkable 11% surge in March, fuelled by results that exceeded market expectations. Moreover, Fairvest Limited B shares and Vukile Property Fund delivered impressive returns, underscoring the sector's potential for further growth. Explore more insights here: https://bit.ly/3WmUH1m #REITs #RealEstate #ListedProperty 

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Preanka Naidoo, Head: Corporate Solutions at Sanlam Investments Multi-Manager, shares her insights on the crucial role of ESG in Absolute Return funds. Preanka unpacks how ESG considerations align with the objectives of these funds, stating that, “Asset managers factor environmental, social and governance (ESG) considerations into their investment processes, either to benefit from a return-enhancing opportunity or to mitigate risks in their funds. Both return-enhancing opportunities and risk mitigation fulfil the mandate for Absolute Return funds by capturing the upside and minimising the downside.” Read the full article here: https://bit.ly/3ZUygCv #AbsoluteReturnFunds #ESG #Sustainability

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