Real Estate Investor Magazine South Africa March 2014 | Page 37

REI Commercial

LEISURE AND HOSPITALITY

RETAIL

“Over the past two years, there has been a wave of new shopping-centre development
across the country, supported by retail expansion and backing from banks creating
intense competition among shopping centres.”
SA Commercial Property News

“The 2013 fourth quarter results of the Tourism Business
Council of South Africa (TBCSA) FNB Tourism Business
Index (TBI) show that the industry experienced another good
quarter with an above average performance of 114.6 against
the 110.8 it expected. This positive result consolidated a year
in which only one quarter, Q2, saw performance marginally
below normal.”
Property24

INDUSTRIAL

Statistics South Africa (StatsSA) has announced that the seasonally adjusted real Gross
Domestic Product (GDP) at market prices for the fourth quarter of 2013 increased at an
annualised rate of 3.8 percent, the main contributors to the increase in economic activity
were the manufacturing industry (1.8 percentage