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Renico Construction (Pty) Ltd.
EMAIL NEWSLETTER - Aug 2025
Message from the Managing Director
MESSAGE FROM THE CEO

Fresh off another 25-basis point reduction in the repo rate, South Africans are back to interest rate levels last seen in 2022. However, with growing uncertainty as to what effect the recently imposed 30% tariffs to be levied on all South African goods shipped to the United States will have on our economy, I believe it might be a while before we see another interest rate cut by Governor Lesetja Kganyago and his fellow members of the MPC.

Although Gauteng has for many years severely suffered under the mismanagement of the Provincial Government and municipality managers, it remains the economic powerhouse of the country. With its contribution to the GDP greater than... See More
Featured Residential Developments

All homes in the current phase of the Riverspray Lifestyle Estate in Vanderbijlpark were completed during July and we have seen an uptick in sales as the homes neared completion. With only four of the homes in this phase still available for purchase, I have instructed our contractor to commence with the following phase, and am hoping to have them completed and ready for occupation by year-end.

During the past month steady progress with both construction and sales was again made at iThemba in Albertsdal. All contractors on site are fully committed to having the project completed well before the projected completion date of 1 December. The construction of the Melokhule Estate entrance was also completed in the past month, and the access-control specialist is already in the process of installing the state-of-the art access control system.

The appointed civil contractor at the Elemente in Potchefstroom is set to officially hand over the site during August, which will then give clients access to their fully serviced full title stands overlooking the Potchefstroom dam. I have already seen a few concept plans of proposed homes for the estate, and all have been spectacular. Elemente is bound to become one of the most prestigious residential estates in Potchefstroom and surrounds.

This past weekend our next group of residents also took occupation of their brand-new Fernhill homes in Bryanston. With only nine homes still unsold, and selling quickly, it will not be long before all homes within this stunning security complex will be sold and occupied.

Luxury Living in the Heart of Bryanston
Fantastic opportunity to secure a duplex home within the heart of Bryanston. Fernhill is located at 28 Homestead Ave, Bryanston and offers 28 modern, 4 bedroom 2.5 bathroom double storey homes, with a choice of ...

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Latest News
South Africa's property market: Resilience, realism and shifting trends.
The residential property market remains a cornerstone of economic stability, serving as a haven in uncertain times.

Recent data reflects a market in fluxm - one where realism, affordability, and shifting demographics are shaping the landscape, according to Yael Geffen, CEO of Lew Geffen Sotheby's International Realty .

According to FNB, the average time homes spent on the market improved slightly in Q4 2024, dipping to 11 weeks from 11.2 weeks in Q3. However, by Q1 2025, this figure had...
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Launching Shortly

Although our Uitsig project in Potchefstroom was launched some time ago, we are now able to commence with the construction of the show unit.

Once completed, clients will have an opportunity to view the fully furnished simplex home while the construction of the remaining homes within the project commences.

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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