Weakness in the listed property sector may not necessarily be bad as it could woo new buyers.

TOUGH conditions in the construction market were expected to catch up with SA's second largest construction group Murray & Roberts in the current financial year.

The share price of hotel and gaming group Sun International (Sisa) fell 10 cents or 3.5% in good trading volumes, despite reporting somewhat stronger-than-expected headline earnings and dividends for the year to end-June 2003.

 Property loan stock company ARNOLD Property Fund's (AProp's) unit price leapt 88,89% to 170c from 85c after an investor put through trades at the incorrect price. 

High turnover of analysts prohibits continuity of quality studies, resulting in buyers making ill-informed investment decisions.

The Competition Tribunal is due to consider the acquisition of Primegro Properties by Growthpoint Properties.

Pretoria - The Competition Commission has recommended the approval, without conditions, of the proposed R2.47 billion merger between listed property loan stock companies Growthpoint and Primegro.

The listed property loan stock company, Paramount Property Fund (Paraprop) has concluded a deal with Absa Bank, whereby Absa will subscribe for 17 537 000 Paraprop linked units with effect from September 1 2003.

Pretoria - Gilboa, the listed venture capital company that was transforming itself into a diamond mining company, has taken steps to move back to its property roots.

Black economic empowerment consortium Lembede Investment Holdings has bought a 16,5% stake in Rand Leases Properties.