LOGIN

Johannesburg-The e3.39 billion (R28.6 billion) hostile bid for Pechiney, the world's fourth-biggest aluminium maker, by Alcan, the global number two player, could have serious implications for Coega, the flagship industrial development zone 20km northeast of Port Elizabeth.

Last month Credit Agricole Indosuez donated one of its buildings to the CIDA City Campus, a virtually free tertiary education facility for people from previously-disadvantaged backgrounds

Suggestions that the listed property sector, the likes of property unit trusts and property loan stock, is coming off the boil, are premature says Rodney Luntz of property consultancy, Abro Luntz.

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). 

THE proposed rates and services increases in Johannesburg were inflationary and contradicted the aims of building the economy of the city and creating jobs, the Democratic Alliance (DA) said yesterday.

The city of Johannesburg has proposed tariff increases of an average 13% in the budget tabled by mayor Amos Masondo.

Construction work on the R500 million rail line that would link Coega with the Port Elizabeth rail network would go ahead as planned and work would start in conjunction with the developments in the port of Ngqura, transport utility Spoornet said yesterday.

Prima, Corpcapital's latest listed property fund, establishes what was once a small-cap banking group as SA's biggest and best-performing player in listed property.

Property unit trust company Allan Gray Property Trust (Grayprop, GRY) declared a distribution for the six months ended March 31 of 15 cents per unit - in line with the forecast in the annual report.

South African property company Putco Properties on Tuesday reported a 21.8% decline in headline earnings per share to 24.7 cents for the six months ended December 31 from 31.6 cents the year before.