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Property

Property sector poised for positive turn

POLITICAL changes in the country are expected to bring better fortunes to Zimbabwe’s property sector, which has for years been characterised by depressed sales, falling rental rates and massive vacancies, a report by the Real Estate Institute of Zimbabwe (REIZ) says. The report prepared by REIZ researcher, Francis Chinjekure, for…

Why investing in property is your best bet

THE recent disaster that befell the Steinhoff share price is a prime example of the risks of investing your hard-earned money in shares. Imagine the horror of waking up to discover your investment is worth less than half of what it was the day before.  While Steinhoff shares were, until…

What determines property prices in South Africa?

WHAT are the main issues that affect property prices in South Africa? “The answer is more complex than it would seem at face value,” says Paul Stevens, CEO of Just Property. “There are various factors at play, the most important being market conditions which affect so many elements, including the cost of loans.” “The…

Harare-Bulawayo road dualisation resumes

THE Harare-Bulawayo highway dualisation project has resumed after it ended at Norton four years ago, The Financial Gazette can report. The dualisation is part of a project linking Plumtree and Mutare. The tender was awarded to Infralink, a joint venture between the Zimbabwe National Road Administration and Group Five International…

PPC seeks to invest more in Zimbabwe

SOUTH Africa’s largest cement and lime manufacturer, PPC, is eyeing more investments in Zimbabwe following the political transition in the country. President Emmerson Mnangagwa took power through a military takeover and popular protests that ousted long time ruler Robert Mugabe last month. Many are expecting the 75-year-old leader to implement…

Cresta Hotels in major upgrade

CRESTA Hotels continues to undertake upgrading and renovation work at its various hotels in southern Africa, including Zimbabwe, recently completing project work at Cresta Churchill in Bulawayo and announcing project work for 2018 at Cresta Oasis and Apartments in Harare. When it comes to hospitality in Zimbabwe, there are few…

Government rents out flats

GOVERNMENT has decided to rent out State-built apartments in Willowvale that have since 2012 been embroiled in controversy. The flats have been mired in controversy for the past five years, after government’s attempt to sell the flats to individuals raised a stink, following corruption allegations. Beneficiaries of the two-bedroomed flats…