Wesgro has attracted investment worth R820 million to the area in the past 11 months and the total investment is projected to grow to R1.187 billion by the end of March.

Wesgro is the Western Cape investment and trade promotion agency.

Angelo Manzoni, Wesgro chief executive, speaking at a ceremony on Monday to announce the planned opening in August of the five-star Blaauwberg Beach Hotel, in which property company Realcor is investing R600 million.

He said Wesgro had been in talks with Realcor since last year and had helped to speed up the various approvals needed for the development as well as helping to access finance and government incentives.

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“Spring Tide”, situated only 100m from the beach, will be fully complete by 1st February 2010.  It comprises eight units of which six are sold, leaving only two units with two bedrooms each to be signed for – both of which are priced at R1,098 million.

One of these, said Abrahamse, is on the ground floor with its own private garden.  The other is on the first floor.  All the apartments share a communal garden with a landscaped braai patio.

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” The Best of Blouberg. Exquisite Penthouse occupying 2 full levels with 360 deg. views. Underfloor heating and air-conditioning throughout “

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Emigration may have slowed, but there’s still a lot of “edugration” going on in SA and it can be expected to increase as parents do their best to get their children into good schools, says Tjaart van der Walt, CEO of the RealNet property group.

The matric results released last week have once again shone a spotlight on the success of certain schools, and this combined with the recently-revived Sunday Times Top 100 Schools survey will no doubt prompt more families to move to live closer to such institutions.

And this will of course have growing implications for the residential property market. As it is, homes in the suburbs that contain State and private schools with a reputation for excellence are always in demand, and able to command better-than-average prices even in a depressed market. Examples of such areas are Kensington, Parktown and Bryanston in Johannesburg; Rondebosch, Newlands and Claremont in Cape Town and Glenwood, Hillcrest and Westville in Durban.

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Rezidor Hotel Group this week announces that it plans to expand with 10 new hotels in Africa as part of its continental development strategy for 2009. President  & CEO of The Rezidor Hotel Group Kurt Ritter said during a media briefing at the grand opening of the new Radisson Blu Hotel Sandton in Johannesburg that the group will not falter in its commitment to Africa, amid the global economic slowdown.

“Rezidor’s global business development strategy is to introduce our world-class brands in emerging markets such as Africa and Russia, which are upcoming destinations for business and leisure travellers.  We are confident that Africa’s tourism will reach new heights during and after the 2010 FIFA World Cup next year, which will unlock the world’s appreciation of this continent’s unscathed beauty and offering as a world-class destination.”

In March 2009 Rezidor will open the Radisson Blu Hotel Port Elizabeth and in 2010 the group will open its second Radisson in Sandton and a Radisson in Blaauwberg, Cape Town which will compliment the very established and successful Radisson Blu Hotel Cape Town Waterfront. Rezidor plans to announce more hotels in the Cape Town, Durban and Gauteng area over the next 12 months under either its first class Radisson brand or mid-market Park Inn brand.   Rezidor will open Radisson hotels in Ethiopia, Egypt, Nigeria, Senegal and Zambia during 2009.

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