Emira Property Fund today announced a transaction that will see 5% of its shares in issue being owned by strategic black partners.

An entrepreneur Malose Kekana , clings a multibillion-rand deal which will see his consortium owning 24% of property company, Pareto.

Delta, the JSE’s sector specialist with unique exposure to commercial assets with a predominant government underpin announced that it has maintained its Level 2 Broad-Based Black Economic Empowerment (B-BBEE) Contributor status.

Property Point, a Growthpoint Properties initiative, has opened its next application window for entrepreneurs working in the property industry to join its business incubation programme.

Turner & Townsend appointed project managers for OR Tambo Gautrain Station expansion.

Property Point, a Growthpoint Initiative, explored the revised DTI B-BBEE codes in its latest information-packed To-The-Point session in Johannesburg, helping small businesses and entrepreneurs get to grips with how this new development on the SA business landscape impacts them.

The Department of Trade and Industry turnaround on Broad Based Empowerment.

Shareholders of Redefine Properties, one of the country’s largest listed property companies, have approved the establishment of an Empowerment Trust - a move that will materially bolster its BBBEE credentials.

Emira Property Fund today announced that one of its BEE investors, Kagiso Tiso Holdings Proprietary Limited (KTH) has realised the value of its investment in Emira through a significantly oversubscribed accelerated offering of all of KTH’s 29,316,187 participatory interests (PIs) in Emira, representing 5.74% of its PIs in issue. 

 

There is little commitment to real transformation from the executive leadership of South Africa’s listed property sector and it’s time for a change in mindset, or for new leaders that will make transformation a priority.

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