Estienne de Klerk has been elected Chairman of the SA REIT Association, which represents the South African listed REIT (real estate investment trust) sector.

Growthpoint Properties today announced 5.9% growth in distributable income to R3.1bn with revenue from the group increasing 4.3% for its half-year to 31 December 2018, representing dividend growth of 4.5% per share for investors.

Texton Property Fund today reported a total dividend of 36.18 cents per share for its half-year ended 31 December 2018.

“Climate change is real,” Minister Mboweni’s budget speech statement is a fact. But now what? We need to be smart, diligent and brave to reach the low carbon future the National Development Plan plotted out for us, says Dorah Modise, CEO Green Building Council South Africa.

Finance Minister Tito Mboweni says the South African Revenue Service will collect R15.4 billion less than earlier projected.

No quick fix for SA’s Budget, but there’s some hope….

Monday, 10 December 2018 23:01

Buying a house during recession

It was recently announced that South Africa is in a technical recession, and although it sounds daunting to buy a house during a recession, it might be the perfect time to do so.

Divercity Urban Property Fund has turned the first sod of the Jewel City redevelopment in Joburg CBD.

Investec Australia Property Fund, the only inward-listed Australian REIT on the JSE, today announced an interim distribution of 5.05 AUD cents per unit (cpu) pre-withholding tax (WHT) and 4.65 cpu post-WHT (2017: 4.95 cpu pre-WHT and 4.64 cpu post-WHT).

The SA REIT (Real Estate Investment Trust) sector is updating its best practice recommendations to make financial reporting of South African REITs even clearer and more comparable.

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