News broke last week that The Fitch ratings agency could affirm SA’s rand-denominated credit rating one level above junk at BBB-, a move that no doubt makes us question what this means for the property development and real estate sectors.

National property management company Trafalgar has just announced the acquisition of Table View-based managing agency Browmann Property Management.

Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported sound results for the financial year ended 28 February 2017, declaring a dividend of 97.24 cents per share, up 7,1% on the prior financial year and in line with the Group’s growth forecast. 

Acsion Limited, a specialist commercial, retail and residential property developer and owner, today announced a solid set of results for the twelve months ended 28 February 2017.

 Residential building activity remained under pressure in both the planning and construction phases of the South African market for new housing in the first quarter of 2017.

Spear REIT Limited has declared a first dividend of 16.75% over their forecast in the company’s first set of financial results since listing on the Johannesburg Stock Exchange in November last year.

JSE diversified REIT - Dipula Income Fund (Dipula) - today reported strong interim growth with a 9,5% increase in distributable earnings on the prior period.

Investec Property Fund (“IPF” or “the Fund”) is pleased to announce a final dividend of 66.74 cents per share for the six months ended 31 March 2017, taking the full year dividend to 127.65 cents per share (31 March 2016: 124.66 cents per share).

The appeal of city living encompasses far more than just the allure of having a convenient base in the hub of the daily hustle and bustle.

Balwin, South Africa’s largest homebuilder focusing on large scale sectional-title residential estates in high-growth, high-density metropolitan nodes in South Africa’s major cities, this morning announced solid financial results for the year ended 28 February 2017.

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