Nhlangano Hotel and Casino, situated in the heart of Swaziland’s national heritage site, will come under the hammer at the resort on May 2. Surrounded by lush foliage, rolling mountains and traditional Swazi culture, the hotel is perfectly equip...
Cement supplier PPC (PPC) announced on Friday that it expected headline earnings per share (HEPS) for the six months ended March 2014 to increase by between 30% and 40% from the comparable period ended March 2013.
Empowerment player Rebosis Property Fund (REB)‚ which was listed on the JSE three years ago by lawyer-turned-developer Sisa Ngebulana‚ has continued the property sector’s better than expected earnings st...
PARK Village Auctions will once again host a “mega†auction that will see the entire contents of a large chipboard plant being brought to market next month.
Although viewing will take place on foot, bidding will take place...
The black-managed real estate investment trust‚ Rebosis Property Fund (REB) reported on Thursday a 9.0% rise in its distribution per linked unit to 48.5c for the six months ended February 2014 from 44.5c in the year-earlier period.
International hotel groups are turning their attention to sub-Saharan Africa‚ as economic growth boosts business and leisure travel on the continent.
Hospitality development has become a pivotal stra...
The JSE’s latest offshore property offering‚ Atlantic Leaf Properties (ALP)‚ last week announced its first sizable acquisition since the counter made its AltX debut three weeks ago.
JSE-listed SA Corporate Property Fund (SAC) on Tuesday said it had concluded a deal to acquire the entire issued share capital of Affordable Housing Company (Afhco) and its portfolio of 27 Johannesburg inner city pro...
Black-controlled Delta Property Fund (DLT) will spend nearly half a billion
rand for two office buildings in Durban: the Old Mutual Centre and The Marine
from Old Mutual Life Assurance Company.
DUBAI - Dubai's Emaar Properties said on Tuesday its net profit soared 55 percent in the first quarter on a yearly basis, thanks to surging real estate sales and rising retail revenues.
The builder of the world's largest tower, the Burj ...
Total income for the tourist accommodation industry (measured in nominal terms at current prices) increased by 3.7% in February 2014 compared with February 2013.
Income from accommodation increased by 7% year on year in February 2014â...
Delta Property Fund (DLT) has concluded an agreement to purchase the Old Mutual Centre in Smith Street‚ Durban‚ as well as the adjacent parking bay facilities‚ and The Marine‚ and its parking facilities‚ from Old Mutual Li...
Vukile Property Fund CEO Laurence Rapp said on Wednesday the recent overhaul of its Randburg Square Mall had been a success‚ increasing footfall 20% in the last quarter of last year.
The JSE’s largest property group‚ Growthpoint (GRT)‚ said on Monday it intended acquiring significant stakes in Acucap Properties (ACP) and Sycom Property Fund (SYC) in a deal worth R4.66bn‚ ...
THE biggest onshore listed property company in SA, Growthpoint Properties, has made an offer for stakes in Acucap Properties and Sycom Property Fund in a R4.66bn deal, writes Alistair Anderson.
Tsogo Sun (TSH) said on Tuesday it had been made aware of SABMiller’s (SAB’s) announcement that the company is in the process of reviewing strategic options in relation to its effective 39.6% shareholding in Tsogo Sun.
Growthpoint on Monday said it has concluded an unconditional agreement with Acucap and Sycom properties to acquire units in their respective portfolios.
The agreement would see Growthpoint acquire 64‚045‚367 Acucap linked uni...
Resilient Property Income Fund (RES) seeks to raise R1bn through the rights offer to finance its pipeline of acquisitions and “strategic opportunitiesâ€.
The property fund said on Monday the subscription price for rights offer...
THE new trend of tech start-up companies has seen a rise in the formation of venture capital companies in North America, with exponential expansion in Silicon Valley and New York. Venture funds rely on private inv...
SOL Kerzner is not retiring, even though the 78-year-old hotel magnate has sold out of the group that made him a global powerhouse and spawned some of the world’s best-recognised hospitality brands.
Fountainhead Property Trust (FPT) on Thursday reported distribution growth of
11% to 29c per share in the six months ended February 28 from the year-earlier
period.
Net asset value grew by 5.5% to 748c during the period.
THE Gauteng Gambling Board’s pending decision on whether Sun International can relocate its Morula Casino from Mabopane, north of Pretoria, to Menlyn, in Pretoria, East, is likely to be contested in court.
