Thursday, 02 June 2016 14:48

Gooderson earnings slide as revenue grows

Gooderson experiences some disappointing years since it relisted on the JSE in 2006.

It all depends on where you are in life, according to Paul Stevens, CEO of Just Property, who says that making the correct choice is entirely dependent on ones stage of life, financial situation and personal circumstances.

The Pivotal Fund Limited (‘Pivotal’), a development focused investment fund, today reported strong growth for the financial year ended 29 February 2016 with a 23.91% increase in net asset value per share to R22.80, excluding deferred tax.

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 an outstanding first set of financial results as a JSE listed company. 

Arrowhead, the South African JSE listed REIT, has declared a dividend of 20,76 cents per share for the three months ended 31 March 2016.

Perhaps one contributing factors to the formation of residential property “bubbles” or “overshoots” across the world over the years is the lengthy leads and lags between the start of a “negative” economic event, such as an interest rate hiking cycle, and the start of a rising trend in bad debt levels.

While much has been said regarding the slowing in house price growth in recent months, the residential property market in Gauteng is a highly complex one, with sharp regional and suburban variations, and there are a number highly positive developments within the region’s property sector.

The sluggish economy and declining employment over the past few years have prompted an increasing number of people to start their own businesses as a way of earning an income, and the latest available statistics indicate that at least 10% of SA’s working adults are now self-employed.

Atlantic Leaf delivers strong results after transformative year.

Sirius Real Estate expects its dividend to rise 25% in the year to March thanks to new acquisitions and an effective capital expenditure programme.

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