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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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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Nedbank Corporate Property Finance deal brings Westin ownership home

Nedbank Corporate Property Finance has provided funding to the Hospitality Property Fund Ltd (HPF) for the R750 million acquisition of the Arabella portfolio of hotels, effectively putting ownership of these prestigious properties in the hands of South Africans....
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