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Renico Construction (Pty) Ltd.
EMAIL NEWSLETTER - Jun 2024
Message from the Managing Director
After many years the winds of change have again brought reform to the South African political landscape. If there is one lesson to be learned by all politicians, it is that future votes can never again be taken for granted. Our 2024 election will go down in the history books as the first election where voters voiced their dismay at the ballot stations. Hopefully, this will be a lesson for all political leaders, current and future, that mediocracy will no longer be tolerated. And even though we are entering uncertain times, change was needed. This change will bring new challenges, but I am hopeful that it will also bring new opportunities.

With a large drop in fuel prices predicted this... See More
Featured Residential Developments

Most of our contractors have now moved off site from the Brendavere Estate project in Craigavon as the final finishes are applied to the last completed homes and the communal areas. I expect that all site work will be completed this month, and we will be completely off site by month-end.

We currently have a plastering team at Fernhill in Bryanston attending to the plaster finish of the boundary walls. I am also incredibly happy to report that our sales have now breached the 25% mark. This has taken us yet another step closer to the required number of sales needed before construction of the remaining homes may commence.

We have also surpassed the 10% sold out milestone at our iThemba project in Albertsdal. Although construction to the homes will only commence once we have reached 20% of the total sales possible, we plan to commence with the construction to the boundary walls and complex entrance far sooner.

The final finishes are being made to the first eight homes at the Riverspray Lifestyle Estate in Vanderbijlpark, and the construction team has already moved onto the next six homes in the following phase. We will be hosting an open day at the Riverspray Lifestyle Estate on the 23rd of June where the public is invited for a tour of this stunning estate and to view the homes built to date. There will be a jumping castle for the kids and the first two hundred visitors will receive a boerewors roll and refreshment drink on us. I hope to see you there!

Living the Lifestyle!
Owning a home in the Riverspray Lifestyle Estate must be comparable to life on a holiday resort. Both residents and visitors are met by courteous security personnel upon arrival at the main entrance. Once inside, ...

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Latest News
Unchanged repo rate: Disappointing for the economy and property, but not surprising.
The SARB's Monetary Policy Committee decided to keep the repurchase rate at its current level of 8.25% per year, meaning that the prime rate holds steady at 11.75%. The decision was unanimous. 

Lew Geffen Sotheby's International Realty CEO Yael Geffen says the Monetary Policy Committee's (MPC) decision to keep the repo rate unchanged at 8.25% is "expectedly disappointing".

"This means the prime lending rate will have been at a 15-year high of 11.75% for more than a year, because the...
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Launching Shortly

With the civil works to the Van Der Hoff Park Ext 72 in Potchefstroom nearing completion, we will add no less than five new residential sites to the area, two of which we will be developing ourselves. I have made mention of both the Elemente and Uitsig developments in my previous newsletters. More will be shared once we are ready to commence with construction of both these exciting developments.

Latest Listings
R3,620,000
3 Bedroom Cluster For Sale in Fourways
!! If you were searching for a unicorn, this might just be it !! Not only does this brand new ...

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R5,170,000
278m² Office For Sale in Randpark Ridge
Fully fitted A-Grade office space available for immediate occupation. This landmark office park has two available suites with one offering ...

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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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