Companies
Possible PPC and Afrisam merger
SA’s largest cement maker PPC recently announced that it has revived merger talks with its competitor AfriSam, after valuation rows in 2014 resulted in both companies ditching their ambitions to combine operations. ... Full story
Gerald Leissner‚ doyen of Commercial Property dies
Gerald Leissner was the Chief Executive Officer of Arrowhead Properties and a respected figure in the South Africa’s listed property industry.
Group Five partners with UK's Aberdeen
Group Five has partnered with a subsidiary of the UK-based Aberdeen Asset Management, as the JSE-listed engineering and construction group seeks to bolster its offshore profit line.
Liberty Two Degrees debuts on the JSE, raises R3.8bn
Liberty Two Degrees (JSE: L2D), which owns Sandton City with Pareto Limited, today listed on the main board of the Johannesburg Stock Exchange (JSE) — in the “Diversified REITs” sector.
Growthpoint Properties jumps into Europe acquiring stake in Globalworth
Growthpoint Properties, the largest South African listed REIT, has considered Romania following the group's decision to acquire 26.9% stake in Globalworth Real Estate Investment Limited as its first foray into Europe.
Shareholders back Redefine-Pivotal acquisition worth R11.8 billion
Redefine Properties (JSE: RDF), the JSE-listed internationally diversified real estate investment trust, has won overwhelming shareholder support in its takeover of property developer and capital growth fund Pivotal (JSE: PIV).
Western Cape based property group, Spear Reit lists on JSE
Western Cape based property investment group, Spear Reit, on Friday listed on the JSE's Alternate Exchange (AltX).
Dipula Income Fund grow its distribution
Dipula Income Fund manages to grow its distribution per share 8% in the year to August, attributing it to organic growth and strong asset management.
Affordable housing developer reports substantial losses
Affordable housing developer, RBA Holdings that went into business rescue in February, fell into an after tax loss of R10m in the six months to end-June, from a profit of R1.8m in the matching period.
Growing portfolio pays off for Rebosis Property Fund
The injection of a substantial property portfolio into Rebosis Property Fund last year is paying off with the fund announcing an 8.2%% increase in its distributions for the year ended August 2016.
Graeme Stephens quits as Sun International CEO
Zimbabwe-born, Graeme Stephens, 53, will be leaving the gaming, hospitality and entertainment group, Sun International, at the end of April 2017.
Atlantic Leaf Properties switches primary listing to JSE
Atlantic Leaf Properties Limited (ALP), a Mauritian-based property company, says from today its company’s primary listing will move to the Main Board of the JSE.
Redefine Properties to capitalize on Student Accommodation
The popularity of the student housing market has grown steadily, attracting JSE-listed funds that have traditionally invested in office, retail, hotel and industrial properties.
Trematon concludes R614m acquisition deal with Redefine
JSE listed Trematon Capital Investments, on Monday advised that it had concluded an agreement with Redefine Properties to acquire seven office, retail, industrial and mixed use assets‚ for R614 million.
The Pivotal Fund reports positive interim results
The Pivotal Fund Limited on Monday reported positive results for the six months to August, with a 17.35% increase in net asset value per share to R23.00, excluding deferred tax (“NAVPS”) year-on-year.
