A bid by Redefine Income Fund to acquire CBS has been the source of market speculation for some time

Catalyst continues to favour funds that exhibit high-quality and sustainable income streams; excellent disclosure and transparency; and management with a proven ability to perform

Redefine Income Fund today announced a first quarter distribution of 11,8 cents per linked unit for the period to 30 November 2006.  This includes income from Spearhead Property Group from July to November 2006.

Listed property loan stock company Redefine Income Fund said on Tuesday it would be developing a R120m distribution hub for Pepkor Retail in Johannesburg.

The Competition Commission has approved of the merger of Redefine Income Fund and Spearhead Property Holdings without condition

With work having started on the Gautrain project, Rosebank property owners Redefine Income Fund and Standard Bank Property Finance and Advisory Services are planning a rejuvenation project for the Rosebank Arena precinct, which could be worth up to R450m.

Redefine Income Fund today announced a 16% increase in total distributions for the year ended 31 August 2006 of 42.7 cents per linked unit. This represents a total income and capital growth of 41% and a total return of 35%.

Listed property loan stock company Redefine Income Fund said yesterday it had acquired the R94m Makhado Crossing shopping centre in Makhado.

Property fund CIREF, which has a 60% South African shareholding and is listed on London's Alternative Investment Market (AIM), has acquired three properties for R212m to boost the value of its property portfolio to R1,4bn.

The problem is that most South African companies are cautious about investing in other parts of Africa.