Mamatjena-Potra
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Mamatjena-Potra
@Mphonce
Member of “O tla nyela dollface” twitter😉 | @sunelmusicianza Stan Account.
South Africa Katılım Ocak 2010
560 Takip Edilen2.4K Takipçiler
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Foreign buyers are increasingly purchasing high-end property in South Africa, particularly in the Western Cape, and now account for nearly 40% of residential sales above R10 million.
dailyinvestor.com/property/12450…
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Building your own amortisation schedule on excel and take it with you. Never accept a bad deal.
nThabsie@Nthabsng
What's the best trick for negotiating a good deal at a car dealership?
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Always be willing to walk away.
nThabsie@Nthabsng
What's the best trick for negotiating a good deal at a car dealership?
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Western Cape High Court has ordered a stepfather to pay maintenance to the tune of R40 000 and continue covering a range of expenses including rent capped at R35 000, children’s medical expenses and other household costs while the divorce is still ongoing.
enca.com/top-stories/wh…
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The tech trailblazer who died only weeks after selling his company for R2.7 billion
Former Business Connexion founder and CEO, Benjamin Mophatlane, died after suffering cardiac arrest a few weeks after selling his company for R2.7 billion.
mybroadband.co.za/news/business-…
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Universities need to be stricter.
KUTTTHROAT⚔️@Kgothatsoxo
Proposing at a graduation ceremony?? Nah he hates her😭
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🇿🇦How did SAPO go from being debt free with R10,65bn in cash and financial assets in 2019 to writing off R7,4bn of debt in 2024, despite a further R2,3bn capital injection in 2023?!🇿🇦 news24.com/business/econo…
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The City Lodge Hotel in Newtown, Johannesburg, is closing after more than a decade, and the building will be auctioned by the end of the month.
The hotel was built in 2015 and initially cost R146 million to develop. It includes:
• 148 rooms
• Restaurant
• 2 boardrooms
• Gym and swimming pool
• 55 basement parking bays
City Lodge says the decision not to renew the lease is unrelated to staff performance, the brand, or the broader Johannesburg market.
The group has operated for more than 40 years and has 58 hotels across South Africa, Namibia, Botswana, and Mozambique.
But the reality is, this hotel stopped turning a profit.
And that says something more about hospitality in Johannesburg right now.
Over the past few years, I have toured, written about, and presented on multiple hotel developments across the city, and one trend keeps coming up.
Most visitors enter through OR Tambo, the busiest airport in Africa, yet we are not seeing the same wave of new hotel developments that we see in Cape Town.
Johannesburg is still a business-driven city before it is a leisure destination.
Corporate travel drives demand for 4 and 5-star hotels, and these are high-frequency travellers with high expectations.
Instead of flooding the market with new supply, we are seeing the optimisation of existing stock in Johannesburg.
Newtown made sense at one stage. It was positioned as a cultural precinct near the CBD, with significant public investment and high expectations for regeneration.
But the guests have changed, and so have their expectations.
Many visitors now choose Sandton, Rosebank, Melrose, Waterfall or Fourways, where there is stronger security, newer infrastructure, and integrated business and retail nodes.
The closure of City Lodge Newtown is not just about one hotel. It is a sign of how the hospitality market in Johannesburg is being reshaped.

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