Vukile Property Fund Limited expects to see only a slight improvement in its trading environment for the remainder of the 2010 year, despite signs of a recovery in the South African economy.
A high-profile company with a portfolio of construction projects worth more than R1bn has been liquidated, leaving more than 700 employees and creditors high and dry.
The property, situated on the corner of Atlas and Paul Smit Roads, just off the N12 highway, was recently sold for a confirmed R30 million at the recent Auction Alliance Multiple Commercial Auction.
An owner-occupier or investment property in New Centre, Johannesburg, is going on auction on 14 July 2010.
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The acquisition by Excellerate and JHI management of the entire issued share capital of JHI is on the cards
IPSA plc said that its NewCogen subsidiary re-started production of electricity under an emergency contract with Eskom on Wednesday.
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