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Suren is a passionate young South African business journalist with a keen interest in property, tourism, retail, media and sports.
Kennedy Bungane appointed new African Bank CEO

Kennedy Bungane appointed new African Bank CEO

15 Apr 2021 /  Suren Naidoo   4
The appointment has been approved by the Prudential Authority of the South African Reserve Bank
Over R3bn in Covid-19 rental relief from SA Reit landlords

Over R3bn in Covid-19 rental relief from SA Reit landlords

15 Apr 2021 /  Suren Naidoo   1
Association CEO Joanne Solomon says 80% of the relief provided was in the form of non-recoverable discounts.
Astral secures high court order against government in service delivery battle

Astral secures high court order against government in service delivery battle

14 Apr 2021 /  Suren Naidoo   10
Group says 'untenable’ situation at Lekwa municipality is negatively impacting its operations.
Eskom to raise over R2bn through sale of non-core properties

Eskom to raise over R2bn through sale of non-core properties

13 Apr 2021 /  Suren Naidoo   8
Total disposals to date is around R600m, following the latest sale of two high rise office buildings in Kimberley and Johannesburg.
Phumelela Gaming’s old Nelson Mandela Bay racecourse on the auction block

Phumelela Gaming’s old Nelson Mandela Bay racecourse on the auction block

13 Apr 2021 /  Suren Naidoo   1
Sale of prime land forms part of the business rescue plan of SA’s largest horse-racing and tote-betting operator.
Rebosis surges over 34% on news of possible rescue deal

Rebosis surges over 34% on news of possible rescue deal

8 Apr 2021 /  Suren Naidoo   4
Cautionary announcement fuels speculation that embattled property counter could be delisted and ‘taken private’.
Growthpoint’s healthcare fund tops R3.2bn with Cintocare Hospital acquisition

Growthpoint’s healthcare fund tops R3.2bn with Cintocare Hospital acquisition

UPDATE
7 Apr 2021 /  Suren Naidoo  
Specialist facility in Tshwane is Africa’s first green-rated hospital.
Flight prices surge and some hotels are fully booked for Easter

Flight prices surge and some hotels are fully booked for Easter

1 Apr 2021 /  Suren Naidoo   5
Last-minute domestic bookings give a much-needed boost to the travel industry.
Exit from office sector for SA Corporate Real Estate

Exit from office sector for SA Corporate Real Estate

UPDATE
30 Mar 2021 /  Suren Naidoo   1
As the group’s office vacancies hit 16.9% and CEO predicts more pain to come.
Mr Price hits 52-week high as R1.6bn Power Fashion acquisition approved

Mr Price hits 52-week high as R1.6bn Power Fashion acquisition approved

29 Mar 2021 /  Suren Naidoo   
Deal gets green light on condition both retailers boost local procurement through the Department of Trade Industry and Competition’s clothing sector masterplan.
Reserve Bank sends strong signal rate-cutting cycle is over

Reserve Bank sends strong signal rate-cutting cycle is over

26 Mar 2021 /  Suren Naidoo   5
And touts possible increase as early as the second quarter of this year.
Sarb holds repo rate at 3.5%

Sarb holds repo rate at 3.5%

UPDATE
25 Mar 2021 /  Suren Naidoo   8
Decision unanimous.
Nelson Mandela Square gets ‘one of the largest tower clocks in Southern Hemisphere’

Nelson Mandela Square gets ‘one of the largest tower clocks in Southern Hemisphere’

UPDATE
24 Mar 2021 /  Suren Naidoo   19
New attraction at Sandton Central shopping and tourist hot spot.
Attacq’s flagship Mall of Africa devalued by over R1bn in 2020

Attacq’s flagship Mall of Africa devalued by over R1bn in 2020

UPDATE
24 Mar 2021 /  Suren Naidoo   9
But with new lettings even amid the fallout of Covid-19, fund maintains that valuations will recover in time.
Resilient declares half-year dividend of over R2 a share

Resilient declares half-year dividend of over R2 a share

UPDATE
23 Mar 2021 /  Suren Naidoo   4
While many of its listed property peers are withholding interim dividends.

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