Results exceed expectations.

AN INVESTMENT in ApexHi Properties in March 2001, when the company converted from a property unit trust (PUT) to a property loan stock (PLS), would have grown more than 70% (income and capital growth). 

SA BUSINESSMEN appear unhappy that the other Southern African Customs Union (Sacu) countries Botswana, Lesotho, Namibia and Swaziland are joining SA in free trade negotiations with the US, South American members of Mercosur, India and Nigeria, among others.

ApexHi Properties has sold the lift and escalator division of subsidiary Domayne Engineering Services to Otis for R11-million.

Directors of property loan stock company ApexHi emerged from the first half of the financial year confident that the group would deliver its full-year forecast distribution of 102c per A unit and 103c per B unit.

Despite the oversupply of office space, rising vacancies and the well-publicised exodus from the CBD, Braamfontein is holding its own.

ApexHi Properties Limited has acquired a further 74 high-yielding properties for 496.4-million rand, boosting its portfolio value to more than R1.6-billion.