THE Competition Commission has thwarted a deal that would have given Tsogo Sun, SA’s largest gaming company, a hand in all five Western Cape casino licences.
The commission yesterday confirmed that it had recommended that Tsogo...
Redefine International (RPL) said on Thursday it had completed the acquisition of German retail properties in a joint venture with its largest shareholder‚ Redefine Properties (RDF).
The EUR156m portfolio of 56 properties consists ...
REDEFINE Properties plans to acquire Leaf Capital and its Western Cape-dominated office portfolio for about R4.1bn in what could be interpreted as a vote of confidence in South African premium offices.
ATTERBURY Property will develop a R1.5bn high-rise building, The PwC Tower, comprising 40,000m² of modern offices for the new head office of PwC at Waterfall City in Midrand.
The building, with 26 floors, will be the first high-ris...
OUTH African listed property returned 26.6% to investors last year, outperforming all other asset classes for the year thanks largely to better-than-expected results, with income growth largely boosted by property firms with some offshore earnings and ...
THE newly appointed managing executive of Nedbank Corporate Property Finance (NCPF), Robin Lockhart-Ross, says his credo is only to lend to “serious†people with proven financial substance and track records who “have done it beforeâ...
ALDANHA BAY — After years of talk, the port at Saldanha Bay is set finally to benefit from investment that will allow SA to participate and contribute more meaningfully in the oil and gas sector.
PPC’s newly constituted board will have to work fast to arrest the cement maker’s decline in market value and repair its dented public image. Its shares fell to an almost 10-year low yesterday.
APPi’s technology unit is working on developing a market for nanocellulose and wood-derived sugars used to make renewable products such as biodegradable plastics, as the pulp and paper company searches for ways to use more of each of its trees.
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Resilient Property Income Fund (RES) said on Monday that the distribution per share for the six months ended December 2014 is expected to be between 183.53c and 186.72c‚ 15%-17% higher than the 159.59c per linked unit in the year-earlier period.<...
The Transnet National Port Authority (TNPA) on Monday announced R9.65bn in infrastructure projects at Saldanha Bay‚ which will enhance its ability to service the offshore oil and gas industry.
PPC shareholders will pick six new board members from a reduced list of 10 nominees at the cement maker’s annual general meeting today, the first step to resolving a four-month period of uncertainty and value destruction at one of SA’s ol...
THE growing number of workers moving to new corporate offices in Sandton has created an opportunity for property companies to develop housing for the upper end of the market, and the Leonardo luxury apartment building is the latest offering.
BUILD - Resource Generation (Resgen), which is developing its Boikarabelo coal mine in the Waterberg region, has A$37.9 million in cash left at end-December.
Resgen's quarterly report, out yeaterday, said it was trying to borrow about $...
Cashbuild (CSB) increased revenue 13% in the second quarter ended December 2014 from the second quarter in the year-earlier period‚ the retailer of building materials said in an quarterly operational update on Wednesday.
HYPROP Investments is a hot stock pick for 2015, according to a number of analysts. Property share prices ran hard last year. The JSE’s property index recorded a 26.4% return, while the all share index, bonds and cash returned 10.88%, 10.15% and...
Total income for SA’s tourist accommodation industry (which includes restaurant‚ bar sales and “other†income) rose by 7% year on year (y/y) in nominal terms (current prices) in November‚ Statistics SA’s tourist ac...
OUTH African brick manufacturer Corobrik last week said it was upbeat about its business’s prospects this year thanks to higher infrastructure spending on hospitals, schools and affordable housing, and a recovery in the country’s resident...
THE listed property sector on the JSE had a surprisingly good year in 2014, thanks to buoyant retail figures, relatively benign moves in the bond market and a weakened rand.
THE first phase of the City of Johannesburg’s R65-million project to rehabilitate Bruma Lake, east of Johannesburg, into a recreational park will finish later this month.
In June last year the lake was drained and the silt left...
DESPITE today being D-day for independent school Ed-U- College to vacate two Transnet-owned buildings it has been operating from, the school’s boss has vowed to fight back, saying she plans to file yet a...
OFFSHORE property funds should outpace most local property funds in terms of capital growth this year. Many developed countries’ property markets are offering developers low interest rates amid increasing economic growth, while SA is expected to...
