Page 4 - Balwin Properties News Today

Balwin Properties told shareholders it was investing in backup and renewable energy solutions in order to provide a more attractive offering.

JSE-listed property developer Balwin Properties has increased revenue by 6% to R3.3-billion and group profit by 20% to R437-million for the year ended February 28. The company also declared a final gross dividend of 14.1c a share, bringing the total dividend for the year to 24c, up from 20.9c a share in the 2022 financial year.

And spiking interest rates…

Balwin and residents of its estates are in court over alleged problems at the JSE-listed company's luxury apartments in the Waterfall City.


The court interdict against residents from Munyaka Estate who were protesting being without power since Sunday restrained them from blocking any authorised activity in the building.

The High Court in Johannesburg has granted an interdict to Munyaka Residents Association and Balwin Properties amid protests by angry residents.

Balwin properties told angry residents of Munyaka estate who had no electricity for 4 consecutive days to direct their frustrations at Eskom.

Angry residents at the Munyaka Waterfall Estate have staged a protest after enduring power outages for a fourth consecutive day, but Balwin Properties says it is not their fault, blaming Eskom.

A housing project expected to yield thousands of jobs has been delayed after the government failed to provide more than R1bn it had committed for the provision of bulk infrastructure.

President Cyril Ramaphosa has launched the Mooikloof Mega Residential City in Tshwane, Gauteng, which is geared to address the housing needs of the “missing middle”.