SA Property’s next Growth Cycle: Where capital will flow

Standard Bank CIB’s Andrew Robinson on SA property’s shift from balance-sheet repair to growth, and where capital will flow next.

Standard Bank CIB’s Andrew Robinson on SA property’s shift from balance-sheet repair to growth, and where capital will flow next.

TUHF Capital’s Justine Pillay on building a lasting property business: why cheap isn’t value, protecting cash flow and matching tenant demand.

A R27 million Melrose sale by Pam Golding Properties shows lasting demand in Melrose, Dunkeld and Westcliff, where scarce stock and long ownership hold value.

Growthpoint completes its 23-hectare Meadowdale industrial estate with a 6,518m² cross-dock facility for DPD Laser, as e-commerce drives logistics demand.

Newlyn Group’s first 10,000m² warehouse at its 150,000m² Gqeberha logistics park is due in December 2026, with a second starting in October. Specs, fire safety and the investment case.




























Repo rate (SARB)
Monetary Policy Committee rate · 19 Oct 2026
7.25%
+0.25pp on 25 Sep 2026
Prime lending rate
Standard bank variable rate · 19 Oct 2026
10.75%
+0.25pp on 25 Sep 2026
Inflation (CPI)
Consumer price index (YoY) · Aug 2026
4.4%
+0.1pp from 4.3% in Jul 2026
Rand / US dollar
ECB reference rate · 19 Oct 2026
R16.43to $1
−0.64% vs 12 Oct (R16.54)
National house price growth
(Lightstone Index, YoY) · Sep 2026
5.9%
Average national rent
(All residential properties) · Q2 2026
R9,715per month
+4.6% YoY (Q2 2026)
National rental growth
(All residential properties, YoY) · Q2 2026
5.2%
+0.5pp QoQ (Q2 2026)
Western Cape rental growth
(Private residential, YoY) · Q2 2026
9.7%
+0.6pp QoQ (Q2 2026)
SA REIT sector
Total return (September 2026)
+1.6%
SA REIT sector
Total return (2026 YTD)
+4.0%
SA REIT distribution growth
Rolling 12 months (YoY) · Sep 2026
11.09%
SA REIT forward yield
(SA REIT Association) · Sep 2026
7.03%
Cover story
eXp Realty South Africa & Laureus: A Partnership Changing Futures Through SportBy Khanya Gundwana
Inside this issue

Residential

New Developments

Commercial

REITs

Listed Property

Offshore

Student

Offices

Retail

Industrial

Green Buildings

Mixed Use

Apartments & Flats

Hospitality

Senior Living

Affordable Housing

Luxury Residential

Business Broking

Multi Family
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Expert Insights
Could you become SA’s next property developer?
Research ReportsSA house prices rose 8.2% in May, but John Loos sees signs of a slowdown. See which markets are still rising and where momentum is starting to fade.
Asset ManagementFindHomes data on 156,600 live rentals shows almost a quarter of Western Cape listings have cut asking rents, typically by 7.1%, as demand meets affordability.
Asset ManagementPayProp's Q2 2026 Rental Index: national rents rise 5.2% to a record R9,715, the Western Cape surges 9.7% to R12,561, and arrears edge up to 16.9%.
Research ReportsSouth Africa’s house price growth hit 7.1%, led by the Western Cape, but rising inflation and global risks could slow momentum in 2026
Research ReportsCape Town’s new GV2025 property valuations could raise municipal rates from July 2026, making it vital for homeowners to check and object if needed