Moody's Investors Service has assigned long-term and short-term issuer ratings of Baa3 and Prime-3 to Redefine Properties, the second largest property fund on the JSE.

Redefine International says that part of the capital raised in its private placement of units will be used to subscribe for additional shares in Redefine International plc.

Fitch Ratings has on Monday affirmed Redefine Properties national secured debt rating at 'A-(zaf)'.

South Africans will have an opportunity to own properties in Germany and the UK by buying shares in Redefine International, which is expected to have an initial market capitalisation of R2,5bn.

Sycom Property Fund on Thursday reported headline earnings per linked unit of 148.38 cents for the year ended March 2010 compared with 131.82 cents a year ago.

Line capacity has not been the problem

The new Livingstone Hospital accident and emergency centre and the Gelvandale training stadium are nearing completion.

There will be three sources of power at the Nelson Mandela Bay stadium in Port Elizabeth during the Soccer World Cup next year, the NMB 2010 director said.

The Coega Development Corporation has embarked on an aggressive promotional campaign across Europe.

With one year to go, stadiums are nearly ready for the greatest sporting spectacle in the world.