SOUTH Africans in urban areas are going to have to get used to two new concepts in the coming years: renting can make sense because property ownership is not an automatic ticket to wealth creation, and the days of buyin...
Finance Minister Nhlanhla Nene has once again called on the private sector‚ who he says have the financial resources‚ to help African governments develop their infrastructure.
Most African countries are still lacking when it comes to...
Civil engineering and construction group Esor on Thursday said it had managed to curtail losses across the group’s operations in the first half of the year.
Visual International Holdings (VIS)‚ formerly Presto Financing‚ expects the first half loss per share to the end of August to improve by 50.9% to 3.3c from a loss of 6.48c in the year-earlier period‚ the property development company said in a tra...
ONE of the significant developments in the corporate property finance market this year involved the rise in the number of commercial property players increasing their exposure to the residential rental market.
A’s listed property sector, which has outperformed equities this year, is unlikely to repeat this feat next year but its returns should still beat inflation.
In the twelve months to October, the South African property index managed a...
Pivotal Property Fund‚ which anticipates listing on the main board of the JSE next month‚ on Tuesday announced its intention to raise approximately R1bn through the private placement of 58‚823‚529 shares at an issue price of R17 per private pla...
The shares of property developer Acsion will be listed in the “Real Estate - Real Estate Holding and Development” sector of the JSE on Tuesday 9 December‚ the company said in an abridged pre-listing statement.
CONTROVERSIAL businessman Jay Singh checked himself into hospital this week. His hospital stint — described as a “routine check-up” — came the day after the first anniversary of the Tongaat Mal...
THE oversupply of Cape Town hotels that has depressed the industry since the 2010 World Cup appears to have ended. At least 11 hotel projects are now being planned with an estimated 2102 rooms in total.
A WEEK after professional services firm EY warned that South Africa needed to quicken its alignment with trading blocs in Africa to benefit from investment interest, Ford Motor Company South Africa CEO Jeffrey Nemeth a...
In terms of the ordinary business practices of property companies, it is not uncommon for such companies to outsource property and asset management functions to third-party property and asset managers.
CAPE TOWN — Gaming and hotels group Tsogo Sun is making a substantial long-term bet by looking past the prevailing dour trading environment and committing more than R5bn of investment to bolster its casino presence over the medium term.
JSE-listed Redefine International’s hotel arm, the Redefine BDL Hotel Group, plans to have 100 hotels in its management portfolio in two years’ time, strengthening its position as the largest hotel manager in the UK.
CIVCON Construction, a mining and construction company implicated in the pre-World Cup construction cartel that has since then fallen on hard times, yesterday received a sympathetic ear from the Competition Commission, which imposed a “double-discoun...
Embattled construction company PPC has incurred a 9% decline in net profit to R849m in the year to September due to the effects of the industrial action on the platinum belt earlier this year.
Takeover target Acucap Properties is enhancing one of its main assets‚ Greenacres Shopping Centre in Port Elizabeth‚ as it looks to improve returns across its retail portfolio.
Sycom Property Fund (SYC) reported on Thursday headline earnings per unit for the six months to end September dropped to 94.32c from 102.16c in the 2013 interim period.
The board reported a distribution of 96.62c per unit (cpu) for the s...
Rockcastle Global Real Estate Company said on Thursday that both its basic loss per share and headline loss per share in the quarter ended September 2014 amounted to 8.15 US cents from a loss of 1.33c in the year-earlier period‚ the property company ...
Construction group Stefanutti Stocks on Thursday said its performance in the first six months of its financial year was in line with management’s expectations.
The company reported a 30% rise in diluted headline earnings per share (HEP...
Dipula Income Fund on Wednesday reported full year distribution growth of 7.2%‚ exceeding initial forecasts‚ as the value of its property portfolio grew and rental income rose.
Growthpoint Properties said on Wednesday it had tabled a potential offer to acquire the remaining shares of Acucap Properties in a deal that will increase its exposure to retail assets.
Growthpoint said the proposed transaction would inc...
Arrowhead Properties (AWB) has delivered a 17.9% rise in distribution per combined unit to 133.24c in the year to the end of September from a year ago.
The property fund said vacancies within its portfolio‚ excluding residential vacanc...
