The fortunes of South African listed developers should improve in 2018 after a difficult 2017 when share prices fell. The share prices of sectional-title housing developer Balwin Properties and Accelerate Property Fund which is redeveloping the Fourways Shopping Centre were battered in 2017. Balwin’s share price ended the year 26.24% in the red. Accelerate’s price fell 19.01%. However, many commentators have said consumer confidence and economic growth should gain momentum in 2018, which would help listed developers funds. The victory of Cyril Ramaphosa at the ANC’s elective conference in December has also improved confidence among institutional investors. "Balwin’s sales have begun 2018 extremely strongly. I know our shareholders were nervous during the build-up to the ANC election. I believe they liked the result and our share price has begun to rebound," said Balwin CEO Steve Brookes. Its price has risen 7% year to date. Anchor Stockbrokers head of research Craig Smith is optimis...

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