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Some of South Africa's major cities are undergoing a quiet revolution as the trend towards inner city rejuvenation begins to gather pace - facilitating a surge of growth and increased confidence and investment.

Local and national government are devising plans to reverse urban decay.

Plans to sell liabilities of R10bn to private-sector company to collect as state pays its R1,4bn in services bills Political Correspondent

Mr A Dinnie - Tel: 083 631-4409 - Fax: (011) 339-2727 - http://www.jhbproperty.co.za

The Tinapa project in Calabar, the capital of Cross River State in southern Nigeria, would be a catalyst for investment into the impoverished country, President Olusegun Obasanjo predicted.

HIGHER retail rentals and low interest rates have helped some listed property companies to turn in profits well ahead of forecasts.

Durban - Attributable earnings for Relyant Retail increased 46 percent to R120.8 million for the six months to December, compared with R82.7 million for the year to June 2003, as the group continued to improve income streams and productivity ratios, the furniture and appliance retailer said yesterday.

Institutional investors were increasingly attracted to the high-yield stable returns offered by property.

SA Retail had been on the acquisition trail recently.

'Steep increases in turnover and operating income were largely due to acquisitions'