South Africa’s listed property sector finished November on a high, gaining 1.8% in the final week. For the month of November, the sector gained 6.7%, comfortably outperforming both the equity (2.6%) and bond (0.9%) markets in South Africa.

Monday, 26 November 2012 17:06

Listed Property Sector Recovery Continues

South Africa’s listed property sector continued its recovery last week and was up 5.3% for the month by 26 November. The sector gained 1.3% last week, comprising a 0.6% increase in prices and a further 0.7% from income received by investors 

South Africa’s listed property sector advanced a very healthy 2.4% last week as the Rand strengthened marginally and foreign selling subsided, says Ian Anderson, chief investment officer at Grindrod Asset Management. 

Monday, 12 November 2012 11:07

Listed Property Sector Rallies

South Africa’s listed property sector rallied 1.4% last week, after declining significantly in the last two weeks of October 2012. Much of the selling pressure was attributed to a single large foreign investor and last week’s price action suggests this has come to an end. 

Tuesday, 06 November 2012 20:25

Seek Equity, Property To Earn Real Returns

In light of the pessimistic economic outlook, it is important to look for good quality equity and listed property shares that have strong dividend/distribution payment histories, attractive current yields and are going to grow the dividend/distribution income stream in the future.

South Africa's listed property sector rallied 2% last week as the Rand strengthened and bond yields fell.

South Africa’s listed property market declined by 1.5% last week, despite a strong finish on Friday, 12 October 2012. After the markets closed on Friday, Standard & Poor’s downgraded South Africa’s sovereign credit rating to BBB from BBB+ and kept its negative outlook in place. 

The local listed property sector declined by 0.7% in the first week of October, as international investor sentiment towards South Africa continued to deteriorate in the wake of further labour unrest. 

Wednesday, 10 October 2012 08:29

South African Listed Property: Report

According to Catalyst Fund Managers Report, The SA Listed Property Index (J253) recorded a total return of -3.27% in September 2012. The Property Loan Stock Index (J256) and Property Unit Trust Index (J255) recorded returns of -3.78% and -1.41% respectively over the same period. Capital Markets firmed during the month with the yield to maturity (YTM) on the Long Term Government Bond Index ending the month at 6.86% (6.97% - 31st August 2012). The historic 12 month rolled yield of the SA listed property sector de-rated relative to the 10 year government bond YTM and ended the month weaker at 6.49% (6.20% - 31st August 2012).

For the last 12 months SA Listed Property, as an asset class, has recorded the highest total return (37.71%), followed by SA Equities (24.43%), SA Bonds (16.99%) and Cash (5.61%).


Published in Blog
Friday, 07 September 2012 09:35

Nedbank backs Synergy

The purchase of two shopping centres by Synergy Income Fund Limited, in part through a R234 million loan from Nedbank, further underscores the bank’s commitment to the listed and retail property sectors.

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