Dipula Income Fund, acquirers of the R316 million Gillwell Taxi Retail Park development in the East London CBD, situated in the Buffalo City Metropolitan Municipality of the Eastern Cape Province, have confirmed construction is progressing on the new centre.

Dipula Income Fund today reported its half-year results reflecting a 33.2% growth in distributable earnings during the six-month interim period to 28 February 2015.

Dipula Income Fund plans to introduce a new capital structure, converting from complicated linked units to the simpler ordinary share structure, for both its current A and B linked units.

Slow economic growth and high operating cost inflation - especially rates and taxes, and electricity – are challenging the commercial property sector and placing strain on South African business.

JSE-listed REIT Dipula Income Fund announce it has entered into Agreements to acquire UMzimkhulu Shopping Centre in KwaZulu-Natal as well as Corporate Industrial Park in Polokwane from two different vendors.

Saturday, 21 February 2015 23:54

Brigitte De Bruyn

Ms. Brigitte De Bruyn, BCom, BACC, CA (SA) serves as Financial Director of Dipula Income Fund Limited.

Published in Property Leader
Saturday, 21 February 2015 22:18

Younaid Waja

Mr. Waja has been an Independent Non-executive Director of Dipula Income Fund Limited since June 6, 2011 and Real Africa Holdings Ltd., since February 1, 2010.

Published in Property Leader
Saturday, 21 February 2015 21:31

Eltie Links

Mr Eltie Links is a trained economist and taught economics at both undergraduate and graduate level in South Africa.

Published in Property Leader
Saturday, 21 February 2015 20:47

Syd Halliday

Mr. Syd Halliday is Independent Non-Executive Director at Dipula Income Fund Ltd. and Independent Non-Executive Director at Hospitality Property Fund Ltd.

Published in Property Leader
Page 4 of 10

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