Brexit decision shocks rand-hedge real estate counters

Rand-hedge property stocks such as Capital & Counties Properties, Redefine International, Capital & Regional, MAS Real Estate and Intu Properties plummeted Friday after the U.K. voted to leave the European Union — dubbed "Brexit".

Emira Property Fund is forecasting a negative growth in distributions per share of about 2% when compared to expected distributions for FY16.

Emira Property Fund sees little cheer

Emira Property Fund has warned that its results for the year 2017 could be lower than the audited results for the previous year.

Investing >>

Acquisitions push Rebosis Property Fund’s portfolio up R18.6 billion

Black-owned property group, Rebosis Property Fund pushed up total assets under management to R18.6 billion after a R6 billion acquisition that will substantially increase the group’s exposure to retail assets.... Full story

Retail Property >>

Long-awaited Mall of Africa officially opens

SA’s mega shopping centre ever built in a single phase, the Mall of Africa in Midrand, worth a whopping R5 billion — has opened its doors to the fervent long-awaiting public.... Full story

Housing / Residential >>

Hike in interest rate a setback for property buyers

The Monetary Policy Committee’s decision to further increase the repo rate steady was unfortunate off the back of the January hike and given the pressing need to help stimulate growth in South Africa’s economy... Full story

Gauteng >>

SA’s top bowlers to coach 27 children on Youth Day

On Youth Day, 16 June 2016, 27 children from the Villa of Hope Children’s Home in Nancefield, south of Johannesburg will be treated to a day of entertainment and bowls training by some of the country’s top bowlers at the Linden Bowls Club in Linden. ... Full story

KwaZulu-Natal >>

Kwazulu-Natal’s aerotropolis boosts property interest

There is significant interest from property investors on the north coast of Durban due to increased economic activity at Africa's first purpose-built aerotropolis, the Dube TradePort, home to King Shaka International Airport.... Full story

Economy >>

Real Estate Industry major contributor to GDP

Statistics South Africa on Wednesday announced the country's gross domestic product (GDP) growth rate contracted by 1.2% in the first quarter of 2016, a much steeper contraction than had been expected.... Full story

General News >>

R15bn irregular municipalities expenditure shock for SA

Pretoria — Irregular as well as unauthorized expenditure in the SA’s municipalities has more than doubled since the current administrations took office five years ago, to R14.75bn, Auditor General Kimi Makwetu revealed Wednesday.... Full story

Company News >>

Brian Wilkinson steps down after 5 years at the helm

The Green Building Council South Africa (GBCSA) today announced, its chief executive officer, Brian Wilkinson, will be stepping down as CEO for his early retirement.... Full story

Construction Industry >>

SA skills shortages leading to hindered growth, survey reveals

General builder confidence declines from 46% to 44% in the first quarter of 2016, which is the result of a slowdown in building activity and increasing pressure on profitability.... Full story

Global Property >>

Investec Australia Property Fund posts healthy results

Investec Australia Property Fund (IAPF) on Thursday increased its distributable income to unit holders, underpinned by returns derived in hard currency.... Full story

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