Nedbank faces R1.3bn lawsuit
A group of shareholders in luxury property developer Pinnacle Point have filed a R1.3-billion claim against Nedbank.
Listed sector gets ducks in a row
Listed Property Fund, until recently rather slow on the transformation front, are expected to step up black empowerment deal-making over the next few months to comply with the requirements of the Property Sector Transformation Charter signed last week by Government and industry players.
High-risk deal may be rewarding
Ailing construction group Basil Read has announced that its French-based parent company, Bouygues Travaux Publics, will sell 51% of Basil Read to an empowerment consortium.
Majority stake in Basil Read for black group
Construction group's major shareholder has agreed to sell almost 52% of the group to a black consortium
Growthpoint deal preserves value
Listed property loan stock heavyweight Growthpoint, which is the largest property company on the JSE, has managed to conclude a significant empowerment deal with no dilution to existing unit-holders.
Growthpoint sells stake to BEE consortium
Growthpoint Properties has agreed to sell 14.2% of its total linked units in issue to a consortium of black economic empowerment partners
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