Hyprop announces the passing away of property doyen, Mr Les Weil.

Property industry professionals attended the launch today of Henley Real Estate Centre Africa

It is most pleasing to note the upgrading of eProp’s offering to the market. We have always found your services particularly useful and cost effective. In my view there is also much benefit derived from the industry statistics and other information contained in your offering.
Good wishes for continued success.

Les Weil,Chairman: JH Isaacs Group Holdings (Pty) Ltd.

The difference in yield between the listed property sector and the long-bond rate is becoming narrower thanks to the rise in demand for commercial property in South Africa.

Increasing demand for prime property is pushing South African property capitalization rates close to 8.25% thereby mimicking the long-bond rates, but as long as there is potential for real earnings in the sector, explains JHI Real Estate chairman Les Weil, this should not cause concern.

Not with standing the fluctuations in the rand and the interest rate hikes in the first quarter of the year, conditions are increasingly stable re-establishing the platform for ongoing interest in property as an asset class in 2002.