Freedom Property Fund (FDP) expects a headline loss per share of between 0.39c and 0.41c for the six months to August 31 2015. This is a decrease of between 167.2% and 170.7% from a headline earnings per share of 0.58c a year ago.
THE Competition Tribunal today wraps up a case against Delatoy Investments for bid-rigging and loser fees related to the Thabazimbi pipeline project in Limpopo.
The Competition Commission began probing the construction sector in 2009 ...
THE Coega Development Corporation’s marketing and communication head, Ayanda Vilakazi, scooped his second consecutive Top Young Executive of the Year award at the National Business Awards last week.
NEWLY listed Balwin Properties, which focuses on sectional title residential estates in highdensity metropolitan nodes, doubled its headline earnings per share in the six months to August, as it benefited from strong ...
VUKILE Property Fund will launch its residential property strategy before the end of March next year as it looks to add diversification to its predominantly retail-focused portfolio.
Speaking at the release of results for the six mont...
THE Nelson Mandela Bay Municipality will spend R99-million on infrastructure projects like fixing potholes, resurfacing roads and servicing housing sites in Uitenhage over the next two years.
Germany-focused business park owner Sirius Real Estate’s self-storage business has performed strongly this year‚ supported by demand for space from consumers and small businesses in Europe’s bigge...
NEW YORK - Starwood Hotels, which operates the Sheraton and Westin chains, said Friday that hackers had infected payment systems in some of its establishments, potentially leaking customer credit card data.
PPC CEO Darryll Castle discusses the company’s full-year results‚ which have been affected by weak local market and tough competition‚ in this interview conducted on November 17 2015.
A property punters may be less familiar with self-storage as an asset class than their US counterparts are. But judging by the positive response to this week’s listing of Stor-Age, the JSE’s first niche owner and operator of selfstorage f...
CAPE TOWN — Gaming and hotel giant Tsogo Sun is still betting big on a consumer spending upturn, investing R1bn on revamping its properties and on new opportunities in the half-year to end-September. Tsogo reported yesterday a 7% increase in tur...
AGROUP of Jeffreys Bay residents are fixing their roads – one pothole at a time. Armed with spades, tar and a boatload of enthusiasm, two separate community projects have been launched and about 1000 po...
PPC has commissioned its 600,000-tonne cement plant in Rwanda to offset declining sales in SA as its expansion into African cement markets gathered pace. This country’s largest cement group has ramped up capacity at the new plant to about 60% as...
Africa’s biggest hotel and gambling group‚ Tsogo Sun‚ said on Thursday that its interim results reflected continued pressure on the consumer due to the macroeconomic environment and weak sentiment.
Property group Arrowhead (AWA‚ AWB) reported on Wednesday an annual distribution of 150.30c per combined A and B shares for the year to September 31‚ equating to growth of 13%.
The group said net asset value (NAV) per combine...
DELTA Africa will become the largest pan-African property fund on the JSE, with more than R6.5bn worth of assets if its planned merger with Mara Diversified Property Holdings goes ahead.
Mara, which is owned by The Pivotal Fund, a JSE-...
Local property groups Hyprop and Attacq have bought the Ikeja City Mall‚ the largest mall in Lagos‚ for an undisclosed amount‚ it was announced on Tuesday.
Hyprop acquired a 75% interest in Ikeja and Attacq acquired the...
THERE was good bidding across the board at the Aucor property auction at the Park Hyatt Hotel in Rosebank yesterday, with strong demand shown for quality commercial properties.
“The auction was much improved compared with the la...
THE biggest merger in the history of the South African listed property sector is going ahead, with Fortress Income Fund finalising the acquisition of Capital Property Fund.
The merged entity is set to become an attractive investment fo...
Tsogo Sun expects headline earnings per share (HEPS) to be between 25% and 29% higher at 84.4c or 87.1c in the six months ended September 30 2015‚ compared to 67.5c in the year-earlier period‚ the hotel group said in a statement on Wednesda...
In an interview with BDTV‚ conducted on Tuesday‚ Growthpoint CEO Norbert Sasse and Thomas Reilly discuss a new Africa fund which could potentially be a catalyst for development of real estate as an asset class on the continent.
TENS of million of rands paid by the Nelson Mandela Bay Municipality to its stadium operators have come under scrutiny, forming part of the national Treasury’s massive probe into the city...
Growthpoint (GRT)‚ SA’s largest listed property company‚ has finally ventured into the rest of Africa‚ having run out of opportunities back home.
THE evergreen Christmas Shop – which this year finds its home at Walmer Park Shopping Centre next to NuMetro – is offering several workshops and attractions as the festive season approaches.
