THERE is renewed optimism among hoteliers in SA after the post-2010 slump.
This is happening against the backdrop of an imminent announcement about unabridged birth certificates from the interministerial task team set up to look into S...
Financial services group Vunani turned to a pretax profit of R8.4m in the 14 months to end-February from a R23.9m loss in the year to end-December 2014.
Its previous year’s results were boosted by R92.3m from the sale of Vunani Pr...
PPC, SA’s biggest cement producer, warned on Monday of a credit rating downgrade and said it was in the advanced stages of a capital raising exercise for up to R4bn, tanking its shares.
Rebosis Property Fund‚ the JSE’s first listed‚ black-managed real-estate investment trust (reit)‚ on Monday announced a watershed R6bn transaction that will substantially increase the groupâ...
PPC (PPC) shares crashed as much as 22% to their lowest level in more than 10 years on Monday‚ dealing a blow to the cement maker’s plans to shore up its balance sheet.
PPC said earlier it planned to raise up to R4bn to prov...
LAST October, the £44-a-share offer by Anheuser-Busch InBev (AB InBev) for SABMiller seemed so eye-wateringly generous there was little doubt it would win over shareholders.
Six months later, the uncertainty around the coming UK vot...
MALL minority shareholders on the JSE were dealt another blow on Thursday, when the majority shareholders of Masonite pushed through a deal that will end its 60-year history as a listed company.
INVESTEC Australia Property Fund (IAPF) is a standout among overseas-based real estate companies, delivering distribution growth of 29.3% in rand terms for the year to March. Even in Australian dollar terms, the company reported double-digit distributi...
CONSTRUCTION major Stefanutti Stocks has seen revenue slide and total profit fall in the turbulent African and Middle Eastern construction and engineering markets.
Revenue fell 9% and total profit dropped more than 8% in the year to Fe...
Construction group Stefanutti Stocks (SSK) reported on Thursday that finance costs jumped 45% to R60.4m in the year to end-February due to interest payments on the third and fourth instalments of its Competition Commission penalty and the need to borro...
PROPERTY industry veteran Frank Berkeley says while SA offers the best real estate investment opportunities in Africa, investors need to focus on funds that have strong property fundamentals amid difficult market cond...
A CASE of an alleged forced distressed sale flagged in an Allan Greyling forensic report involves a company called Zwelinzima Property Developers (not in any way linked to unionist Zwelinzima Vavi), Auction Alliance and Ra...
ATTERBURY Property Holdings has launched a new unlisted growth fund that will be the investment vehicle for the development company’s assets in SA, Namibia and Mauritius.
DECREASING the listed Delta Property Fund’s gearing in a tough economic environment in which commentators expect interest rates to rise later this year, will be the focus of CEO Sandile Nomvete and his team.
Huge jumps in equipment sales in Russia and Europe helped Barloworld offset lower revenue from its Southern African businesses‚ its interim results statement on Monday showed.
AN environmental group has applied for the legal review of a sewerage line being built on Kyalami agricultural holdings to service a shopping centre development in the area.
JSE-listed The Pivotal Fund’s Kyalami Corner shopping...
The takeover of hotel-focused property fund Hospitality by Southern Sun Hotels has been approved by SA’s competition authorities‚ with conditions.
THANKS to the slowdown in South Africa’s construction sector since the boom leading to the 2010 Soccer World Cup, local companies are looking elsewhere in Africa for opportunities.
A DAMNING forensic report about financial wrongdoing at controversial Auction Alliance (AA) has implicated a string of auctioneers, liquidators, attorneys, bank officials and prominent individuals in hundreds of millions o...
CALGRO M3, a residential property and memorial parks developer, has weathered a subdued operating environment in the construction industry to report significant growth.
Revenue grew to more than R2bn in the year ended-February, accompa...
Real estate investment trust Dipula Income Fund (DIA, DIB) increased its portfolio value 43% to R6.7bn at the end of February, it said in its interim results statement on Wednesday.
Its A share distribution was up 5% to 48.23707c and its...
Growthpoint Properties‚ the largest SA-based property company‚ has received a boost to its Africa expansion plan‚ with the International Finance Corporation having committed $40m (R606m).
Delta Africa Property Holdings (DLA) increased profit for the nine months to end March to $22.1m from a loss of $4.9m for the comparative nine months to 31 March 2015‚ the group said on Friday.
Delta Africa Property Holdings (DLA) increased profit for the nine months to end March to $22.1m from a loss of $4.9m for the comparative nine months to 31 March 2015‚ the group said on Friday.