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News24
a few seconds ago
- News24
Pogacar wins Tour de France for 4th time
Tadej Pogacar closed out a supreme 21-day performance to win the Tour de France in Paris on Sunday, crushing his rivals in the 3,400km slog to rack up a fourth title. Wout van Aert won the final-day cliffhanger on the cobbled roads of Montmartre, but Pogacar was spared any late challenge when rain forced times to be neutralised, but he gamely tried for the stage win anyway before Van Aert dropped him on the last climb.
IOL News
a few seconds ago
- IOL News
Soaring demand make Cape Town and Durban investable logistics and industrial markets
Brackengate Business Park in Cape Town. Image: Supplied Cape Town and Durban have emerged as two of Africa's most investable logistics and industrial markets due to their resilience, adaptability and strong investor appeal, according to Cushman & Wakefield | BROLL. Cape Town continues to outperform, with rising rents and declining vacancies underpinned by a period of semigration, operational stability and constrained industrial land. 'Demand is being driven by a flight to quality, semigration from other provinces and growing e-commerce,' said Shane Howe, the head of Western Cape Industrial Broking at Cushman & Wakefield | BROLL. Strong governance and functioning infrastructure position the city as a low-risk node compared to Gauteng. 'The Cape market is supported by limited stock availability and escalating demand, especially for modern industrial parks,' said Howe. Development hotspots such as Brackengate and Richmond Park are expanding, while gentrification in older nodes like Epping and Parow unlock additional opportunity. 'Against this backdrop, investors and occupiers must thoroughly align busines Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Next Stay Close ✕ s strategy with location and asset selection to ensure long-term sustainability,' he said. In Durban, chronic land shortages and rising operational costs have created a landlord-favoured market. Anthon van Weers, Full Status Property Practitioner at Cushman & Wakefield | BROLL, said, 'There has been no meaningful release of flat, flood-free land in over a decade. Most viable land is tied up in Tongaat Hulett's portfolio and development remains stalled by topography and financial constraints." Vacancy rates are at historic lows. 'Units, especially mini-units and large distribution centres (DCs) are snapped up almost immediately,' said Van Weers. Triple net rentals for A-grade DCs currently range between R105/m²–R110/m² with further rental escalation likely if supply remains constrained. However, high municipal rates double that of Cape Town or Johannesburg deter some tenants. Still, Durban remains attractive to owners. 'Despite high costs, Durban is a low-risk investment market because of stable demand and long-term leases from logistics operators near the port. Proximity to port infrastructure offers a decisive cost advantage,' said Van Weers. Cushman & Wakefield's global data shows a 43% surge in logistics investment over the past decade, driven by urbanisation, e-commerce and supply chain reconfiguration. Globally, more than half of logistics markets are projected to experience rental growth through 2027, driven by strong occupier demand. South Africa is on the same path but with an added urgency due to land scarcity around key Cape Town nodes and the Durban port. Rental growth is accelerating in both cities, particularly in high-demand, low-supply zones, signalling a unique opportunity for climate-conscious and future-proof investment. According to Cushman & Wakefield's Climate Risk report, climate-resilient assets are now achieving stronger lease uptake and longer tenures, with facilities in lower-risk zones commanding higher rentals and lower incentives. Yet, many markets have ignored climate risk, leaving assets exposed and underscoring the need for smarter development. In addition, climate risk is now central to asset valuation and investment due diligence. From capital expenditure planning to leaseability and compliance, assets that embed mitigation strategies early attract stronger investor interest and pricing premiums. This is mirrored locally, with tenants, especially multinationals factoring in resilience, water security and energy independence when selecting sites. South Africa's Western Cape corridors and select Durban nodes are emerging as premium options, according to Cushman & Wakefield | BROLL. Global trends point to e-commerce, 3PLs (third-party logistics) and last-mile delivery as major sector drivers. E-commerce alone has surged 289% globally in the past decade and is now the leading demand driver in the Americas and EMEA regions (Europe, the Middle East, and Africa). Locally, the Western Cape's infrastructure, lifestyle appeal and political stability are reinforcing this trend. In Durban, mini-units and small-format warehouses measuring 100sqm to 500sqm are in high demand as small businesses shift from traditional retail to fulfilment-based industrial space. 'Some retailers are closing stores and shifting to warehouse models to meet online demand,' said Van Weers. 'Decentralised nodes like Cato Ridge, Shongweni and Tongaat, however, have struggled to gain traction due to high logistics costs.' BUSINESS REPORT
TimesLIVE
a few seconds ago
- TimesLIVE
Trump says Israel will have to decide on next steps in Gaza, pledges more aid
US President Donald Trump said on Sunday Israel would have to make a decision on next steps in Gaza, adding that he did not know what would happen after the collapse of ceasefire and hostage-release negotiations with the Hamas militant group. Trump underscored the importance of securing the release of hostages held by Hamas in Gaza, saying they had suddenly "hardened" up on the issue, and said the US would provide more aid to the war-torn Palestinian enclave. "They don't want to give them back, and so Israel is going to have to make a decision," Trump told reporters at the start of a meeting with European Commission President Ursula von der Leyen at his golf property in Turnberry, Scotland. "I know what I'd do, but I don't think it's appropriate that I say it. But Israel is going to have to make a decision," he said, while also claiming, without evidence, that Hamas members were stealing food coming into Gaza and selling it. Dozens of Gazans have died of malnutrition in recent weeks, according to the Gaza Health Ministry in the Hamas-run enclave. The ministry reported six new deaths over the past 24 hours due to malnutrition, bringing the total deaths from malnutrition and hunger to 133 including 87 children. Trump and Israeli Prime Minister Benjamin Netanyahu both appeared on Friday to abandon Gaza ceasefire negotiations with Hamas, saying it had become clear that the Palestinian group did not want a deal. Netanyahu said Israel was now mulling "alternative" options to achieve its goals of bringing its hostages home from Gaza and ending Hamas rule in the enclave, where starvation is spreading and most of the population is homeless amid widespread ruin. Trump said he believed Hamas leaders would now be "hunted down", telling reporters: "Hamas really didn't want to make a deal. I think they want to die. And it's very bad. And it got to be to a point where you're going to have to finish the job." US to provide more aid, Trump says Trump on Sunday said the US would provide more humanitarian aid to Gaza, where concerns are mounting about the worsening hunger, but wanted other countries to participate as well. He said he would discuss the issue with von der Leyen. "We're giving a lot of money, a lot of food, a lot of everything," he said. "If we weren't there, I think people would have starved, frankly. They would have starved, and it's not like they're eating well." He said he had spoken with Netanyahu and discussed a number of issues, including Iran. He said and British Prime Minister Keir Starmer would also discuss Israel when they meet at Trump's golf property in Turnberry on Monday. Trump also noted said the United States was not acknowledged for earlier food aid for Gaza. "No other country gave anything," he said, calling out European countries in particular. "It makes you feel a little bad when you do that and, you know, you have other countries not giving anything... Nobody gave but us. And nobody said, Gee, thank you very much. And it would be nice to have at least a thank you."
