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The unprecedented step by the U.S. president, who has been pressuring the independent policy body over not lowering interest rates, could test the boundaries of presidential power....

Absa Group Ltd., South Africa's third-biggest lender, is seeing surging interest among real estate investors in East Africa and plans to bolster its balance sheet to meet demand for financing....

Cape Town, Africa's most expensive city for real estate, plans to make it easier to develop homes as thousands flock to the metropolitan for a better quality of life, putting pressure on its 1.2 trillion rand ($64 billion) residential property market....

South Africa's Public Works Minister Dean Macpherson, 40, said he plans to create a state-owned company that will manage the government's real estate portfolio and entice private investment into infrastructure projects....

Douw Steyn, a South African insurance tycoon and luxury property-estate developer, died at 72....

S.Africa's Growthpoint Properties posts 10% slump in annual distributable income...

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