Friday, 06 February 2004 02:00

Capital Property reports earnings slip

 

Listed property fund Capital Property Fund (CPL) has reported a fall in its final headline earnings per unit for the year ended December 31, 2003, to 27.44 cents from 28.24 cents a year earlier.

In 2003 the Property Unit Trust and Property Loan Stock sectors generated a total pre-taxation return of 42.6%

Monday, 02 February 2004 02:00

Coega ready for Alcan, awaits word

 

South Africa's largest industrial development zone (IDZ), the Coega IDZ outside Port Elizabeth, is "ready" if and when Canadian aluminium giant Alcan makes up its mind over the US$2.2bln aluminium smelter project originally agreed by Pechiney to be located there, before Pechiney's takeover by Alcan late last year.

Monday, 02 February 2004 02:00

There's a buck to be made in urban renewal

Many pundits are saying that the South African property market is overheated and a major downward correction is imminent

Wednesday, 14 January 2004 02:00

Ambit acquires 34 properties for R508m

 

 

Pretoria - Ambit Properties, a joint initiative of Absa Commercial Property Finance and Marriott Holdings due to be listed next month on the JSE Securities Exchange, has acquired a portfolio of 34 local properties at a cost of R508.35 million.

Thursday, 08 January 2004 02:00

Upgrade at Maputo harbour completed

A dredging programme at Maputo harbour in Mozambique has been completed ahead of schedule, enabling the port to accommodate larger ships and allowing increased productivity.

Wednesday, 07 January 2004 02:00

Saiia calls for more trade with Angola

Saiia has called on both the government and business to do more to increase two-way trade with opportunity-rich Angola

Wednesday, 24 December 2003 02:00

Shops for Africa posts interim loss

 

Listed South African retail property income fund Shops for Africa (SFA) has reported a headline loss per share for the six months to end-October 2003 of 0.83 cents, compared to a loss of 0.39 cents per share a year earlier.

Wednesday, 26 November 2003 02:00

Listed property offering better returns

 

Current listed property yields and forecast distribution growth offer attractive prospects for excess returns, says Andre Stadler, managing director of Catalyst Securities which manages portfolios for institutional investors with a combined value of R500 million.

Monday, 17 November 2003 02:00

A tale of two inner-city revivals

The inner cities of Cape Town and Johannesburg are confident that the worst of times have passed and the best of times are yet to come. But that is where most of the similarity ends.

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