New exchange launches with listing of R340m Ukhamba Holdings
Equity Express Securities Exchange (EESE) today launched operations with the listing of Ukhamba Holdings Proprietary Limited, the broad-based black economic empowered partner of Imperial Holdings Limited. Ukhamba has a market capitalisation of R 340 million.
Fidentia's one and only hotel sells for R39m
Fidentia fraud case, masterminded by Fidentia boss J Arthur Brown, is over as his One & Only Hotel is sold for R39m.
Old Mutual to separate its four business units
Old Mutual has held constructive discussions with National Treasury, the Reserve Bank and the Financial Services Board (FSB) over the course of its strategic review.
Frangos urges hard line on corporate fraud
The financial Services Board (FSB), which polices trading on the JSE Securities Exchange SA, needed to introduce the US's "zero-tolerance"
Unit trust firms gain from tax benefits
A Number of property unit trust companies are restructuring and transferring properties from their fixed-property companies to take advantage of capital gains tax benefits.
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Government changes shake up the Sub-Saharan African construction sector
Africrest Properties aims to be one of the largest residential landlords in Johannesburg
Wanderers Golf Club and Investec Property join forces to develop unique R2 billion mixed-use precinct in Illovo
Liberty Two Degrees bolsters its asset management team
Ntshongweni Urban Development's phase one gets the go ahead
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