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Renico Construction (Pty) Ltd.
EMAIL NEWSLETTER - Jul 2023
Message from the Managing Director
MESSAGE FROM THE MANAGING DIRECTOR

After 12 months of rising inflation rate figures there was a slight turn in the tide last month with inflation dropping to 6,2% . Although still outside the SA Reserve Banks target of 3-6%, it is definitely a move in the right direction. However, Reserve Bank Governor, Lesetja Kganyago, voiced his concerns and recently said that South Africans should expect higher interest rates for longer. With the Monetary Policy Committee meeting later this month, consumers should brace themselves for yet another interest rate hike of at least twenty-five basis points.

Although at a slower pace, sales at all five of our current projects are still being concluded... See More
Featured Residential Developments

We are getting closer to completing our show units within the Rainhill residential development situated on Bram Fischer Drive in Linden. Once completed, the show units will be furnished to give prospective clients an idea on layout options and show them innovative interior decorating ideas.

With all two-bedroom homes now sold at our Ndalo estate in Albertsdal, only three-bedroom homes remain available to purchase. Here purchasers still have all the benefits of purchasing a brand-new property directly from the developer without the pitfalls usually associated with an off-plan purchase. Ndalo also has a fully functioning body corporate that represents the forty-three resident families with the daily running of the complex.

With secured sales contracts in place on all 83 Brendavere Estate homes, this development is now officially Sold Out! When we initially broke ground in 2021 during the construction of the first show homes, we still had to wear face masks in public due to Covid regulations. Although most will agree that it feels as if a lifetime has past since then, it has only been a year since the face mask regulations were lifted.

New Exclusive Residential Estate in Craigavon
This is an opportunity not to be missed! 83 Luxury full title homes being developed in close proximity to the Fourways Mall which recently became the largest mall in Africa! With over 94% of homes ...

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Latest News
The value of owning a rental property; tax requirements to consider when investing.
As interest rates continue to rise (hitting a 14 year high at 8.25%) and challenging economic conditions prevail, home buying has slowed, according to Antonie Goosen, Principal and Owner of Meridian Realty.

In May, the South African Reserve Bank's Monetary Policy Committee raised the repo rate by a further 50 basis points to 8.25%, leaving the prime lending rate at 11.75% - the highest it has been since 2009.

At the time, Samuel Seeff, chairman of the Seeff Property Group, said the...
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Launching Shortly

We are almost ready to launch our iThemba residential homes in Albertsdal on the East Rand.

As we get closer to the sold-out mark at our Ndalo project, iThemba will be launched. Construction to this ninety-six-home simplex development will commence later this year with the occupation date currently planned for later in 2024.

Latest Listings
R4,320,000
186m² Office For Sale in Randpark Ridge
Have you outgrown your current office space or would just you like to upgrade? This is one of the last ...

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R10,250 pm
3 Bedroom Apartment To Let in Wilgeheuwel
The ground floor North facing and fully tiled property offers three bedrooms with two bathrooms, modern kitchen fitted with granite ...

See More
Regards
RENICO Construction (Pty) Ltd
Tel 011 794 1177
Fax 011 794 1159
Email info@renicoconstruction.co.za
WWW.RENICOCONSTRUCTION.CO.ZA
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