Five property companies among top ten empowered in South Africa
South Africa’s real estate investment trusts (Reits) have achieved impressive records in driving transformation and best practice aligned with the Property Sector Charter, says industry organisation SA Reit Association.
Five Reits – Arrowhead Properties, Redefine Properties, Growthpoint Properties, Equites Property Fund and Rebosis Property Fund – have been named among the top ten empowerment companies in this year’s Empowerment Report.
According to the scorecards for the report, published by Intellidex, Arrowhead achieved 80.27% (and a total black economic empowerment score of 68.23), Redefine 78.52% (91.87), Growthpoint 78.26% (91.26), Equites 70.98% (83.05) and Rebosis 57.08% (66.78).
SA Reit chairperson Estienne de Klerk says having five Reits among the most empowered companies from across all sectors of the South African economy proves that the Reit sector is playing an important role in economic transformation.
“The SA Reit sector is doing very well in several areas of transformation and this can be seen especially in the scorecards of those Reits that are leading the drive to transform.
“That said, there are opportunities for the sector to do more and we remain committed to furthering the transformation of South Africa, within SA Reits specifically and the property sector in general,” notes SA Reit Property Sector Charter committee chairperson Shawn Theunissen.
Comments
The
content
you are trying to access is only available to subscribers.
If you are already a subscriber, you can Login Here.
If you are not a subscriber, you can subscribe now, by selecting one of the below options.
For more information or assistance, please contact us at subscriptions@creamermedia.co.za.
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation