Property vs Equities (and Bonds)

Special Report Podcast: Paul Stewart – MD, Plexus Asset Management - Boardroom Talk with Alec Hogg

It is interesting that Moneyweb have chosen to go with the sub-heading "We are closer to the period of time when property perhaps underperforms for a period of time".

This heading is a little misleading as to the contents of the Podcast. If you look at the transcript, it is clear that historically property has outperformed equities and bonds and tends to rise with a rise in either of these sectors, thereby "enjoying the best of both worlds".

The question is therefore posed as to whether such performance is sustainable. I say - History repeats itself and therfore Property should be an important part of any long-term strategy.

Gareth Shepperson

Continuing Saga of Pickvest, PIC, Sharemax, etc.

Asset management boss in R1.2bn fight with property billionaire - Special investigations | Moneyweb

Prieur du Plessis, the founder and executive chairman of Plexus Asset Management, appears in a R1.2bn battle with the Georgiou family. Regular readers will be familiar with apparent billionaire Nic Georgiou’s involvement in troubled syndication scheme Pickvest (formerly PIC Syndications).

SA’s only office dominated property portfolio lists

SA’s only office dominated property portfolio lists

Vunani Property Investment Fund listed on the Johannesburg Stock Exchange (JSE) in a week where eight of the 11 initial public offerings due to take place on US markets were cancelled and one slashed its deal size in order to get the transaction done.

Seller must keep in full touch with the transfer process

Seller must keep in full touch with the transfer process

I have posted this article from Moneyweb to remind all parties to a property deal (Sellers, Buyers & Agents) that the deal does not end when they sign the Offer to Purchase and that therefore, neither should their involvement.

We send out detailed and comprehensive weekly reports on all our Transfers, knowing full well that some parties may choose to ignore them. Everyone should remember that signing an Offer to Purchase is only the first step in a process that culminates in registration in the Deeds Office (and frequently goes beyond that).

We sometimes need to secure possession of a registered deed in a quicker time period than the Deeds Office usually takes to process it. We sometimes need to follow-up at municipalities for clients when the registration in the Deeds Office is not reflected in the Municipality's records. Our involvement therefore often goes beyond registration. The parties should also be involved until every last aspect is finalised.

We aim to be of service from start to finish and report to everyone on a weekly basis. This should be an invitation to all the parties to participate and actively engage in the process. Don't just sit back once the Offer is signed because we welcome your input.

Gareth Shepperson

Property market depressed not dead - Seeff - Property | Moneyweb

Property market depressed not dead - Seeff


"There is movement in the market, but this is lateral only as recovery continues to be affected by rising costs. Credit remains a significant stumbling block. There has been an increase in first time buyers as at the second quarter of this year, but according to FNB, still not enough to absorb the over-supply of stock."

New R650m development for Sandton

New R650m development for Sandton - Property


The multi-million rand ten-storey development will go up on the corners of West and Katherine streets in Sandton, opposite the Sandton Gautrain station. It is due for completion in 26 months’ time and will consist of eight stories of sectional title office units and seven rooftop penthouses. Of these, the smallest, at 223m², could cost you around R9m. The larger unit at 483m² will set you back by R18m.

Standard Bank`s new R1.6bn Rosebank building

Standard Bank`s new R1.6bn Rosebank building


Absa already spent R1.8bn on a new building, while Old Mutual is in a R3.8bn HQ project.

Standard Bank is building a new office development in Rosebank Johannesburg at a construction cost of R1.6bn, an initiative that the bank says will allow for consolidation of occupancies in leased premises in the greater Johannesburg area as well as for growth in staff numbers.