Home | Companies

Companies

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. ... Full story

Brian Wilkinson has decided to step down as the CEO of Green Building Council South Africa (GBCSA).

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.

Gooderson earnings slide as revenue grows

Specialist hotel group Gooderson Leisure Corporation has experienced some disappointing years since it relisted on the JSE in 2006.

Tsogo Sun, the casino and hotels group is in the process of acquiring the Golden Valley Casino Worcester is situated in the heart of the Breede River Valley Western Cape.

Tsogo Sun to acquire Sunwest, Worcester Casino for R1.35bn

Tsogo Sun is in the process of buying 20% stake of Sunwest International and Worcester Casinos for R1.35bn from Sun International and Grand Parade Investments, the company announced recently.

New and carefully planned developments will play an increasingly important part in The Pivotal Fund's coming years, says the MD Jackie van Nieker.

Pivotal Fund is stepping up the pace of development

Pivotal Fund's strategy of growing its property portfolio through property development is already paying off so well, Chief Executive Jackie van Nieker said.

Tsogo Sun, owner of Montecasino in Johannesburg and SunCoast in Durban, reported a stronger second-half showing from its portfolio of casino properties, with revenue up 7% to R8.9bn

Tsogo rides casino wave at Suncoast

Results from Tsogo Sun, the casino and hotels group controlled by empowerment giant HCI, suggests the tables are turning for the local casino sector.

Vukile Property Fund CEO Laurence Rapp says the results reflect an excellent operational performance that keeps on improving despite an environment that keeps on getting tougher.

Vukile Property Fund gains 7% distribution growth

Vukile Property Fund (JSE:VKE) on Thursday reported 7% growth in distributions to 146,35 cents per share for its full year to 31 March 2016.

Redefine executive director apologizes to JSE

Redefine Properties’ executive director Mike Ruttell apologized to the Johannesburg Stock Exchange (JSE) after publicly censured on Thursday.

Calgro M3 said the increase in the project pipeline had ensured enough construction work for the next seven to eight years.

Calgro M3 builds a broad foundation in tough conditions

Calgro M3, a residential property and memorial parks developer, has weathered a subdued operating environment in the construction industry to report significant growth.

Delta Property Fund is on track to reduce debt, said CEO Sandile Nomvete

Delta Property Fund to reduce its debt

Black-managed Delta Property Fund has raised R658m through disposal of non-core assets to be used for debt reduction, said CEO Sandile Nomvete.

RMB Holdings Limited (RMH), which owns a 34% stake in banking group FirstRand acquired a 25.01% stake in Mall of Africa developer Atterbury.

RMB Holdings grabs stake in Mall of Africa developer‚ Atterbury

RMB Holdings Limited (RMH) diversifies its banking interests to the commercial property market by acquiring a 25.01% stake in Mall of Africa developer Atterbury.

Redefine Properties posts 6.9% distribution growth

Redefine Properties (JSE: RDF) has reported a 6.9% increase to 41.7 cents a share in the distribution for the six months to end February 2016.

Octodec Investments MD, Jeffrey Wapnick says the portfolio performed in line with our expectations, delivering a 5,7% increase in revenue for the six month period.

Octodec’s interim distribution increases by 1.7%

Octodec Investments (JSE:OCT) which owns a portfolio predominantly in Pretoria and Joburg’s inner cities, today reported a dividend of 98,4 cents per share — an increase of 1,7% on that paid in the comparative six-month period.

Hospitality CEO Vincent Joyner said the vast majority of both A and B shareholders had voted in favour of the single structure.

Hospitality offers Tsogo Reit benefit

Gaming and leisure group Tsogo Sun is set to gain the income benefits of having a portion of its hotel assets in a real estate investment trust structure when it gains control of Hospitality Property Fund.

Chief operating officer Andrew Costa said we have been looking for opportunities and finding local expertise in central and eastern Europe for a while

Accelerate moves into Austria and Slovakia

Accelerate Property Fund joins a host of SA funds investing in central and eastern Europe, announcing a R2.3bn property deal that includes retail assets in Austria and Slovakia.