The stadiums are lit, the teams are ready and excitement is in the air! The World Cup is now just around the corner and at MSP, our hope is not just for a successful tournament, but for one that helps unite South Africa and the world across all divides. Sport really has the power to do this - that's why MSP is so proud to announce our R400 000 sponsorship of the Legends Cup; a programme to introduce 5 000 school children to rugby, and encourage the game in Cape Town's townships. Read on for more on this uplifting tournament, as well as newsbreaks about MSP's latest developments. The home market is looking up, and now is the time to get in on the property game. MSP wishes all our readers a great World Cup experience.

In this Report:

A new residential development in Blue Downs, in Cape Town’s Northern Suburbs, is set to alleviate the need for affordable housing in the area. MSP Developments recently announced the launch of Belladonna Estate which, according to Managing Director John Coetzee, is designed to become a community-village within an attractive landscaped neighbourhood. Belladonna will consist of 740 homes and apartments and MSP plans to start construction between June and July this year. The first units are set for completion in October / November this year. Buyers can choose between single freestanding homes and apartments, with units ranging from one to three bedrooms, ranging from 30m² to 60m². Each apartment will be provided with a single parking bay and optional garages will be for sale with the freestanding homes.

Left: Denise Le Roux, Leonard Manuel, Michael Horack & Kim Goodwin
Middle: Shireez Jardine
Right: Michael Horack (Call Centre Supervisior), Elsabe Genade & Kim Goodwin (Sales Manager)

Property procurement experts Uvest recently launched a call centre to assist with the rapid growth they have experienced in the past 6 months. The in & out-bound call centre is the first of its kind in the property sector and is headed by Sales Centre Manager Kim Goodwin. According to Uvest GM, David Brtiz, the main objective for the call centre is to communicate with potential new clients from various databases and at the same time keep in touch with current clients via a highly personal service. The centre is fully outfitted with state of the art equipment. It is set to also offer immense value to MSP Group as a whole, and operate as a communications mechanism for other MSP departments.

Top left: David Britz & Jaco Maritz (Uvest / MSP), Neale Petersen (Real Estate Investor Magazine), Barry Fourie (Uvest)
Bottom left: Barry Fourie (Uvest)
Right: Neale Petersen (Real Estate Investor Magazine)

Top: The venue - Webber Wentzel Offices, Illovo
Bottom left: Uvest team - Werner Scheffer, Jaco Maritz (MSP), Barry Fourie, Faizel Moos, David Britz
Bottom right: The presentation

Left: The Month End Shopper who won R 1 500 in cash
Bottom left: The prize winner being interviewed by Radio Tygerberg
Bottom right: Radio Tygerberberg broadcast from the Shoprite in Blue Downs on Saturday 29 May 2010

Bottom left: Donovan Hantam (Vulindlela), Mike Barr (Chairman of the Legends Cup Committee), Riaan Roos (MSP Group CEO), David Britz (Uvest), Dale Santon (SA Rugby Legends Association, JC Claassen (Vulindlela).
Bottom right: Thando Gobe (UCTRFC & Ubumbo), Dale Santon (SA Rugby Legends Association), Riaan Roos (MSP Group CEO), Ismail Teladia (Department of Education), Coby Greeff (Ministry of Dept of Sports & Culture).

R 400 000 SPONSORSHIP FOR THE SA LEGENDS CUP

MSP Developments is proud to be the title sponsor of the SA Legends Cup programme, and are donating R400 000 to the cause. The aim of the programme is to introduce 5 000 school children to rugby and to encourage the game in Cape Town’s townships.

The Legends Cup, through “VUKA Tournaments”, aims to establish a rugby-playing culture in over 50 schools, most of which do not currently play the game, as well as providing a competitive framework for the schools in four identified zones, namely Mitchells Plain, Khayaletshia, Gugulethu/Nyanga and Langa.

The initiative is a partnership between SA Rugby Legends Association, Ubumbo, UCTRFC,the Department of Education, and the Western Province Rugby Football Union. It is endorsed by SA Rugby.

This project will give promising youngsters from disadvantaged communities the opportunity to develop their skills and receive top coaching. MSP’s involvement with the Legends Cup is the start of a great long-term partnership and will create opportunities for unprivileged youngsters to become part of a trust that will guide them through their childhood, keeping them on the right track and part of something remarkable.

Good news for the local residential market and MSP Developments, as FNB reports an increase in house prices and predicts growth for 2010. In a recent Fin24.com article, experts give us their take on the current state of the South African residential market.

The local residential property sector is out of the woods and can count on at least 8% growth in 2010, according to FNB's home loans division. In its monthly Residential Property Index, FNB said house prices increased from 3.6% year-on-year in January to 5.8% in February.

"The existing home market is a happier place these days," said John Loos, FNB's home loans strategist. "It's arguably past its worst state of health, as demand grows and the acceleration in house price inflation continues."
According to Loos, the five percentage point cut in interest rates since 2009 will continue to boost house prices until the middle of 2010. Average growth of 8% for year is expected, said Loos.