SA REITs featured among the JSE’s most empowered companies

Posted On Friday, 08 November 2019 07:47 Published by
Rate this item
(0 votes)

In order of most empowered, the REITs are: Arrowhead Properties, Redefine Properties, Growthpoint Properties, Equites Property Fund, and Rebosis Property fund.


According to the scorecards for the report, compiled by Intellidex and published by Business Report, Arrowhead achieved 80.27% (total BEE score 68.23), Redefine 78.52% (91.87), Growthpoint 78.26% (91.26), Equites 70.98% (83.05) and Rebosis 57.08% (66.78).

Estienne de Klerk, Chairman of the SA REIT Association which represents South Africa’s JSE-listed REIT sector, notes the sector’s transformation leaders have achieved an impressive track record of driving best practice aligned with the Property Sector Charter.

De Klerk says: “Having five REITs among the most empowered companies from across all sectors of the South African economy proves that the REIT sector is playing an important role in economic transformation. We are acutely aware that with an active commitment to transformation, responsible and ethical business practices and good governance, SA REITs positively influence our economy and the lives of South Africans through their property assets.”

Commenting on the sector’s transformation journey progress so far, Chairman of the Property Sector Charter Committee of SA REIT, Shawn Theunissen, says: “The SA REIT sector is doing very well in several areas of transformation, and this can be seen especially in the scorecards of those REITs that are leading the drive to transform. That said, there are opportunities for the sector to do more, and we remain committed to furthering the transformation of South Africa, within SA REITs specifically and the property sector in general.”

SA REIT Association members comprise all publicly listed SA REITs – a sector with the market capitalisation of more than R300bn. As the unified voice of JSE-listed South African REITs, SA REIT plays a significant role for the sector. It provides advocacy in matters of common concern, prepares opinion and policy for interacting with stakeholders, represents the industry in meeting challenges within the sector, and boosts awareness of REITs as a unique asset class that creates and preserves wealth.

Creating a compelling platform for conversations around transformation and other vital issues for the sector, the SA REIT Association is presenting its one-day executive SA REIT Conference, sponsored by Nedbank CIB on 16 July 2020 at Summer Place, Johannesburg.

Last modified on Friday, 08 November 2019 08:06

Most Popular

Fairvest to become fourth property company to list on A2X

Oct 30, 2019
Fairvest Property Holdings, a real estate investment trust with a market cap of R2…

Pam Golding Properties Annual Residential Property Report 2019

Nov 08, 2019
SA Reserve Bank
Signs that the residential property market is beginning to stabilise.

Diverse range of residential and commercial properties on BidX1’s next online property auction

Oct 22, 2019
A diverse array of residential and commercial properties with lucrative investment…

Atterbury launches its new co-working concept, Attspace

Oct 22, 2019
Atterbury is making its first foray into shared workspaces with its new Attspace…

Prime commercial and residential development opportunities and investment properties on auction

Oct 22, 2019
 LOT 8 2
Business owners, entrepreneurs and developers seeking commercial or residential property…

Please publish modules in offcanvas position.