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The other 50% stake in Fourways Mall is effectively owned by the Georgiou family. However, Accelerate’s CEO Michael Georgiou is listed as a major shareholder in the JSE-listed fund.
Accelerateâs latest R660 million write-down brings the total devaluation of its property portfolio to R1.66 billion over the last two financial years (FY 2020: just over R1 billion).
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Lefakane co-founded the Youth in Property Association to help drive transformation in SAâs broader property industry. 00:01
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SUREN NAIDOO: With June being Youth Month, in this episode we are speaking to Monedi Lefakane, the co-founder and current chairperson of the Youth in Property Association. The organisation, or Yipa, as it is also called, promotes youth entering South Africa’s property sector. It’s quite a youthful body, being only a few years old and run virtually entirely by young people. One of them is Monedi Lefakane.
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Sandton City had its best March in five years, showing that shoppers are back and that not all mega malls are struggling. The CEO of Liberty Two Degrees shares her views …
May 28, 2021
Companies across South Africa have stepped up this National Energy Month to bring their corporate innovation capabilities forward, in line with government’s call to find urgent solutions to the country’s energy crisis.
Some of the clear-cut solutions available to South Africa lie in the conversion of waste and refuse into energy; property portfolios committing to green, energy-efficient buildings; land-use sustainability and reduced plastic in packaging in the production of food – as some key examples.
Creating a circular economy
For its part, the government is committed to redirecting waste from landfills and in support of this, new laws have been legislated and regulations are being rolled out – all aimed at cleaning-up South Africa and reducing the negative environmental as well as health impacts caused by waste.
Liberty reports mortality claim spike, looks at pandemicâs third wave
By Dineo Faku
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JOHANNESBURG - JSE-LISTED financial services group Liberty Holdings yesterday reported a spike in mortality claims and announced plans to assess its pandemic reserve at the end of next month on the possibility of a third wave of Covid-19.
Liberty, whose subsidiaries include Stanlib, Liberty Life and Liberty Two Degrees, flagged that significant uncertainty related to the evolution and impact of the pandemic.
âThe reserve will be assessed at June 30, 2021, taking account of the possibility of further waves and other developments relating to the pandemic,â said the group in its operational update for the quarter to the end of March.