Companies
Redefine plans ahead for Fountainhead as Growthpoint's engagement terminated
Redefine Properties welcomes the termination, announced today, of the decision by Fountainhead’s independent committee to terminate its engagement with Growthpoint following Growthpoint’s proposal to acquire Fountainhead’s assets. ... Full story
Nedbank Corporate Property Finance reports sterling headline earnings 13.9% growth
Nedbank Corporate Property Finance (NCPF) has attributed a strong 13.9% growth in headline earnings in the year to December 2012, compared to the year before, thanks to its selective growth strategy.
Growthpoint vs. Redefine "A Luta Continua"
The rumble for the R10 billion Fountainhead assets continues as Growthpoint Properties cuts in on takeover by rasing its offer to 37 Growthpoint linked units for every 100 Fountainhead units‚ from the previous offer of 35 linked units.
Group Five records revenue growth for the six months to December 2012
JSE-listed construction company, Group Five (GRF), today announced improved financial results for the six months to December 2012, group revenue increased by 15.9% from R4,4 billion to R5,1 billion.
Improvon secures R192m from Nedbank to develop green business park
Nedbank has agreed the provision of a R192 million funding package for Improvon Group to build an industrial park namely Gosforth Business Park in Gauteng, which will set new standards in the sustainable building and development industry.
Dipula Full Year Profit Rises and Grows its Property Assets
Dipula Income Fund today reported it has met its forecast for the year ended 31 August 2012 as set out in the pre-listing prospectus.Total distributions for the year are 79.370 cents per A-linked unit and 60.821 cents per B-linked unit.
Fountainhead assesses offers lodged by Redefine and Growthpoint
On Tuesday, Growthpoint outplayed Redefine’s bid by offering 35 of its units for every 100 Fountainhead units held, and this has prompt Fountainhead Property Trust to appoint an independent committee to evaluate the bids lodged by the listed property giants for its R10.3 billion portfolio.
Nedbank takes equity stake in Soweto’s recently opened Protea Glen Mall
In possibly the strongest demonstration of its commitment to the retail and previously disadvantaged sectors, Nedbank not only provided the R255 million finance for the building of the new Protea Glen Mall in Soweto, but has also taken an equity stake.
Group Five sees headline earnings lower than a year earlier
JSE-listed construction company, Group Five has posted headline earnings per share of R1.80 were 64.4% lower than a year earlier but expects earnings to improve within the next year.
Nedbank maintains its position as Commercial Property Finance Market Leader
Quality book and client focus provides foundation for Nedbank Corporate Property Finance retention of market leadership.
Nedbank voted South Africa's best bank
Nedbank has been named as the best bank in South Africa by Euromoney International Finance Magazine. The magazine made the award based on the fact that Nedbank's growth in headline earnings had increased by 26% and it provided shareholders with a 15.3% return on equity last year.
Auction Alliance has won its third victory
The National Consumer Tribunal, on Wednesday 11 July, overturned compliance notices issued against Auction Alliance on contravening the Consumer Protection Act during the controversial Quoin Rock Estate auction.
Auction Alliance’s ex-CEO Levitt wins Court battle
The Western Cape High Court has declared three summonses yesterday issued to former Auction Alliance boss Rael Levitt and two colleagues to appear before the National Consumer Commission (NCC) inconsistent and invalid.
Hyprop's first Moody's rating unlocks the door to future growth
JSE premier shopping centre fund, Hyprop, is well positioned to access alternative funding markets following today’s rating by Moody’s Investor Services (“Moody’s”) of national scale long-term issuer A3.za and a short-term rating of Prime-2.za.
Dipula Income Fund delivers on its forecast
Dipula Income Fund today reported its maiden interim results which confirm it is on track to achieve both its forecast results for the year ending 31 August 2012 and its investment growth strategy.
