Vukile is committed to remaining a diversified fund but with a special emphasis on the retail sector. 

Property loan stock company Vukile shrugged off a sluggish economic recovery to increase its full year distribution to linked unitholders by 9% and to grow its net asset value by 7.6% in the 2010 financial year

Vukile Property Fund has warned that increases in electricity prices and higher municipal rates would push tenants’ costs higher, which is likely to have a negative effect on rental affordability.

Vukile Property Fund Limited expects to see only a slight improvement in its trading environment for the remainder of the 2010 year, despite signs of a recovery in the South African economy.

Property loan stock company Vukile should be able to report reasonable growth in distributions in the twelve months to March next year because property fundamentals should remain fairly strong in spite of adverse market conditions.

Unit holders can expect reasonable growth in distributions for the year to March despite adverse market conditions.

Property loan stock Vukile made its debut on the Namibian Stock Exchange on Wednesday - with the code VKL - as part of its strategy to expand its property portfolio in that country.

Speaking at a ceremony to mark the occasion, chairman Anton Botha said the dual listing was a demonstration of Vukile's confidence in the prospects for the Namibian economy in general and its commercial property sector in particular.

Vukile states that economic growth could mean double-digit growth in rentals in SA's office sector

They prefer to play it safe with the commercial funds they know

Cape Town - Habitat Property Investments, a residential property income fund, was going ahead with its intended listing on the JSE Securities Exchange, Anton Botha, the managing director of Catalyst Property Asset Managers, the manager of Habitat, said on Friday.