The South African luxury suburb where average house prices tripled to R30 million in five years

House prices in Cape Town’s luxury Southern Suburbs have more than doubled to as much as R30 million over the past five years. View online Thursday, 4 June 2026 Your daily update The South African luxury suburb where average house prices tripled to R30 million in five years House prices in Cape Town’s luxury Southern Suburbs have more than doubled to as much as R30 million over the past five years. Dark clouds gather over South Africa’s oldest state-owned company The Post Office is edging closer to liquidation as the state withholds a R3.8 billion bailout, leaving the entity unable to complete its turnaround plan despite years of restructuring, cost-cutting, and financial support. Money flooding into South Africa Following a sharp sell-off in March and parts of April and May, foreign investors' appetite for South African bonds seems to have returned. SARS has a new plan to get R300 billion more in taxes through a national crackdown SARS hopes to recover an additional R300 billion in tax revenue per year by cracking down on the trade of illicit goods in South Africa. Business and Technology News United States bringing more tariff pain for South Africa following investigation The United States Trade Representative is proposing new tariffs on South Africa and other countries, following a Section 301 investigation launched earlier this year. Good news for people who watch rugby and soccer on DStv in South Africa DStv owner Groupe Canal+ announced on Wednesday that it had signed agreements for the Rugby World Cup, Vodacom United Rugby Championship, and Premier Soccer League. Must read 105-year-old South African company building the largest factory of its kind in the Southern Hemisphere Tiger Brands is nearing the completion of its super bakery which will be the largest facility of its kind in the Southern Hemisphere. The real winner in Amazon and Takealot’s war Amazon has upped its game in the local e-commerce market with the launch of Prime, putting players like Takealot under pressure. One group is set to benefit the most as this battle heats up. One South African company losing much more money than it makes by selling its products Despite reducing its 2026 operating loss, Copper360 remains unable to profitably produce copper and is overhauling its operations to cut costs and focus on higher-margin production. Time is running out to save 134-year-old South African business from liquidation Tongaat Hulett's liquidation hearing date is fast approaching, with multiple parties set to oppose the company's potentially disastrous shutdown. Partner content AI, Regulation, and the Future of Advice The question for advisers is no longer whether AI will affect their practice; it's how to engage with it deliberately, and on your own terms. More stories

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