Pretoria - The listed property sector was expected to gain vigour because of expected new institutional listings by Old Mutual, Sanlam, Absa and RMB Properties later this year and early next.
Johannesburg Housing Company CEO Taffy Adler said that the new R100m Brickfields residential project in Newtown, Johannesburg, launched yesterday, would see the first high-rise residential buildings erected in the inner city in about 30 years.
Absa has probably saved Paraprop management by taking a R62m stake (34%) in this property loan stock company (PLS).
IDZs set to draw significant investment to SA, says bank.
ABSA has confirmed that it is investigating buying into Banco Austral.

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