Company News

PIC to restructure debt at AfriSam

The Public Investment Corporation (PIC), the government pension fund manager, now holds about 99% of the equity in SA’s second-largest cement maker, AfriSam, with the PIC having exercised its right to turn R4,7bn of debt into equity, while retaining the black economic empowerment status of the company....
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Holcim ‘accusing PIC of nationalising AfriSam’

Public Investment Corporation, which manages about R1-trillion in South African state pensions, wants to restructure more than R20bn of AfriSam near-term debt into equity, to keep it from bankrupting the company...
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Dipula Income Fund concludes tactical retail property acquisition deals

Dipula Income Fund (JSE:DIA/DIB) today announced the R247,8 million acquisition of three strategic retail properties....
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Redefine Properties Interim Results with CEO Marc Wainer

Redefine Properties, the second-largest listed South African property loan stock company by market cap....
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Dipula Income Fund Listing on the JSE (Video)

Property loan stock Dipula Income Fund listed on the JSE Limited, under the Real Estate Holdings and Development sub-sector. Prior to listing Dipula raised nearly R1,4-billion through a successful private placement....
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V&A Waterfront in choppy seas amid worries Growthpoint overpaid

The JSE's largest property company Growthpoint is battling to digest the V&A Waterfront, which it swallowed in June as part of South Africa's biggest-ever property deal....
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PPC pins hopes on Zimbabwe, 'overdue' SA recovery

Pretoria Portland Cement (PPC) hopes for a "long overdue" recovery in the cement industry, and is also pinning its hopes on further growth in Zimbabwe....
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Woolworths to grow African JVs

South African retailer Woolworths Holdings has announced a joint venture in Tanzania and Uganda, adding more stores to its growing African portfolio....
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Dipula Income Fund lists on the JSE Limited

Property loan stock Dipula Income Fund today listed on the JSE Limited, under the Real Estate Holdings and Development sub-sector. Prior to listing Dipula raised nearly R1,4-billion through a successful private placement....
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Dipula announces an experienced and esteemed board of directors

Dipula Income Fund, which is anticipated to list on the JSE soon, has announced a Board of Directors which encompasses an impressive depth of relevant expertise and pertinent experience. ...
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