The R250bn listed property sector, one of the JSE's most active in terms of merger, acquisition and listing activity in recent years, saw deal flow surge a whopping 60% last year.

Sun International reports a 20% decline in diluted HEPS to 325c for the 6 months ended December 2013 from 408c a year ago.

Redefine International will place 86.64-million new shares‚ representing 7.5% of the company’s issue share capital, says group. 

Ankerdata who have been working closely with the operations team at Hotel Verde and BON Hotels on the property management system protel for "Africa's greenest hotel" may very well be able to claim a world first in hospitality software technology.

Thursday, 20 February 2014 09:20

The Don Group to delist from JSE

The Don Group will delist from the JSE after buying out minorities.

Hospitality B-linked units' distribution for the 6 months ended 31 December 2013 are expected to exceed the forecast of 13‚36c per linked unit by 40%-50%‚ says company.

City Lodge reports a 14% rise in normalised diluted HEPS to 330.5c in the 6 months to December from the same period a year ago.

Positive news in the hospitality sector in South Africa is recorded at the 5 Star hotel level, which despite experiencing substantial decline between 2009 and 2011, recorded a national average RevPAR (revenue per available room) annual increase of 15.6 percent during  2012. 

Total income for the tourist accommodation industry increases by 10.3% in nominal terms in July 2013 compared with a year earlier‚ says Statistics SA.

The property consists of a partially built hotel development in Blue Water Bay, Port Elizabeth

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