MortgageMax Digest I 28 March 2025

Dear Business Partners,

Welcome to your weekly roundup of newsworthy articles. Please share with your clients and developers so that they’re kept up to date with what’s happening in the market.

Your suggestions and comments are always welcome – we’d love to hear from you.

Enjoy!

The MortgageMax Team
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Western Cape overtakes Gauteng in building plans

‘All the talk about privatisation, all the talk about closer cooperation with the private sector … seems to be only talk. They really need to get on with this because the private sector at large stands between what is happening in Africa now and disaster in future’ – Dr Roelof Botha

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Joburg plans to refurbish Metro Centre to tune of R800m, says mayor

Johannesburg Mayor Dada Morero’s wish for his office to be housed in a refurbished Usindiso building – the former shelter where a fire claimed the lives of 76 residents in 2023 – may no longer come to pass.

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Employment statistics highlight gains and losses across key SA industries

Statistics South Africa has released the latest Quarterly Employment Statistics, indicating a modest rise in total employment across the country as 2024 drew to a close.

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01

SA construction continues to recover, index shows


Activity in SA’s construction industry continued to improve for a third consecutive quarter.


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02

Nedbank joins the chorus of warnings in South Africa

In a fraud alert to customers, Nedbank said that fraudsters use vishing calls to scam customers out of their money.

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03

Plans confirmed for Gautrain Limpopo extension

The government of Gauteng says that the expansion of the Gautrain “remains a strategic priority” as its passengers numbers have dropped significantly in the last five years.

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04

Gauteng’s R97 million housing project lies in ruins

ActionSA has sounded the alarm over the shocking abandonment of the R97 million Tembisa Mega Housing Project, which has stood unfinished and neglected for nearly five years.

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05

Goodbye Cape Town – semigration shift hits South Africa

Although the Western Cape has dominated SA’s property market for several years with masses of ‘semigrants’ leaving Gauteng behind, this trend may finally be reversing.

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06

City of Tshwane uncovers R10 million municipal fraud ring

An employee from the COT’s Finance Department was suspended on Tuesday following internal investigations that implicated him and two colleagues in a fraud scheme.

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Upcoming Events

Western Cape Property Developer Forum 12th Annual Conference

The 2025 Conference will be held at the CTICC in Cape Town, on Wednesday 4 and Thursday 5 June.

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The Reside Conference Sandton

The 3rd Annual Residential Investment & Development Summit is SA’s opportunity to bring together the entire residential value chain to share knowledge, collaborate and do business.

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