Web Bytes

Web Bytes 054

Agents 'can help state on land reform'
Business Day - South Africa
AFGRI Pam Golding Commercial Farms, the joint venture between listed agricultural services company Afgri and Pam Golding Properties, says it wants to assist government with its land redistribution programme and will meet the agriculture and land affairs departments to discuss proposals.

Carl Bezuidenhout, MD of Afgri Pam Golding Commercial Farms, says the group will be "delighted to assist government" by sharing its wealth of information on farms available for sale in SA.
Business Day

e-conveyancing a step further following Land Registry deal
Publictechnology.net - UK
Land Registry and the Institute of Legal Executives (ILEX) have agreed to develop a new e-conveyancing operation - a major e-government initiative.

The two organisations have pledged their commitment to improving the conveyancing process in England and Wales by signing a Memorandum of Understanding (MoU).

Peter Collis, Chief Land Registrar and John Wells, National President of ILEX, signed the formal document at Land Registry's Head Office in Lincoln's Inn Fields on Wednesday 3 August. The MoU officially seals the working relationship between the two organisations, outlining objectives in developing a fully electronic conveyancing service.

Property - the latest dud
Moneyweb - South Africa
You don't need to be a property economist to realise there's trouble looming for some investors in the residential market.

Cape Town and Johannesburg are teeming with "for sale" and "to let" signs, while cranes and building sites hint that there's still much more stock to come.

Estate agents are reporting lower turn-outs at show days and properties are staying on the market for longer.

In Cape Town's city centre, the much-vaunted Manhattan-style lofts are coming on to the market thick and fast, judging by all the space devoted to newly-refurbished units on offer in the city's fat property advertising supplements.

'SA can learn from Zimbabwe's land reform'
Business Day - South Africa<br> SA could learn about land reform from neighbouring Zimbabwe, Deputy President Phumzile Mlambo-Ngcuka said yesterday.

The South African government wants to settle all land-restitution claims in the next three years, and transfer 30% of agricultural land to the previously disadvantaged by 2014.

Speaking at a distance-education conference in Pretoria yesterday, Mlambo-Ngcuka said many South Africans believed that land reform was too slow, too structured and required "a bit of oomph".

"We learned a few lessons from Zimbabwe - how to do it fast," she told the delegates, to muted laughter.
Business Day

Offshore end game
NetAssets - South Africa
Property is the world's most popular investment today, no doubt about it. Investors piling into residential and commercial property have pushed investment returns to record lows.

Experts' warnings of price bubbles are becoming more strident. US Federal Reserve chairman Alan Greenspan has recently alerted his country to "speculative fervour" in some cities.

Yet billions continue to pour into property as he speaks. Much of that money is crossing borders as investors look for more diversification and higher returns than they can get in their own countries. As house prices peak, they turn to commercial property.

Leave a comment:

Security Picture (click to change)
Word shown in picture:
menu close

Search Articles