Reflecting the defensive quality of its shopping centre assets in a depressed economy, JSE retail property fund Hyprop Investments posted a 15,4% increase in distributions to 150 cents for the six months to June 2008

Move opens up opportunities in west Africa.The Southern Sun hotel group said yesterday it would be expanding into Nigeria and had concluded formal management agreements for two luxury business hotels in Lagos.

The Rwandan government has contracted South Africa's Southern Sun Hotels to manage two new hotels for 15 years