Money Finance ZAR

Money Finance ZAR Money Finance ZAR’s primary focus is on finance and business news in South Africa and other SADC countries when necessary.

This is made possible by our team of seasoned writers, journalists, and researchers.

Watergate Centre Mitchells Plain Acquired for R442 Million in Major Property DealWatergate Centre, one of Mitchells Plai...
17/04/2026

Watergate Centre Mitchells Plain Acquired for R442 Million in Major Property Deal

Watergate Centre, one of Mitchells Plain’s most prominent community shopping destinations, has been acquired for R442 million in a transaction that signals continued institutional appetite for well-located township retail assets in South Africa.

The deal, reported this week, represents one of the most significant commercial property transactions in the Western Cape’s Cape Flats region in recent years. It adds to a growing list of major mall acquisitions across South Africa as real estate investment trusts and property funds accelerate their pursuit of township and community retail centres.

Link to read the full article is in the COMMENT section:

Eskom Wage Increase 2026: Workers Secure 7% Annual Raise More Than Double InflationEskom has formally concluded its 2026...
17/04/2026

Eskom Wage Increase 2026: Workers Secure 7% Annual Raise More Than Double Inflation

Eskom has formally concluded its 2026 wage negotiation cycle, securing a 7% annual salary increase for workers across the power utility, effective from 1 July 2026. The agreement covers a three-year period and is binding on all employees within the Central Bargaining Forum, including those affiliated with unions that did not sign the deal.

The 7% wage hike for 2026 onwards is more than double the current inflation rate, which sits at around 3% and is projected to reach between 3.2% and 3.5% for the year.

Link to read the full article is in the COMMENT section:

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