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Barloworld restructures its Motor Retail business in R947m deal 

By: Irma Venter     22nd January 2021 Barloworld has entered into an agreement with NMI Durban South Motors (NMI-DSM) to dispose of its Motor Retail business as a going concern for R947-million. NMI-DSM is a joint venture of the Barloworld group, in which Barloworld holds a 50% interest alongside the Akoo family.  

New-vehicle sales down 29.1% in ‘extraordinary year’, says Naamsa 

By: Irma Venter     8th January 2021 An “extraordinary year” that has brought “unprecedented challenges” to South Africa’s economy has seen new-vehicle sales decline by 29.1%, says the National Association of Automobile Manufacturers of South Africa (Naamsa). This follows a 2.8% drop in sales in 2019. 

EPP reveals ‘encouraging recovery’ after second Covid-induced lockdown in Poland

By: Simone Liedtke     10th December 2020 JSE-listed EPP on December 10 revealed an “encouraging recovery” for retail and the continued strengthening of its operational resilience. Poland emerged from a second three-week Covid-19 lockdown on November 28, which marked the start of a robust return to shopping at EPP’s centres. Footfalls... 

Buying-down trend, working-from-home impacting new-vehicle sales 

By: Irma Venter     2nd December 2020 Total new-vehicle sales in South Africa declined by 12% in November, to 39 315 units, compared with 44 670 vehicles sold in the same month last year. The new-passenger-car market fell by 18.1%, to 25 707 units, with the car rental industry accounting for 11.6% of car sales in November. 

Redefine welcomes signs of green shoots after Covid-19 significantly impacts financial year

By: Simone Liedtke     1st December 2020 Real estate investment trust (Reit) Redefine Properties says it is “well placed” to benefit from logistics growth in Poland after hard lockdown restrictions and dividends withheld by offshore investments “significantly dampened results” for the financial year ended August 31. Tough trading... 

Barloworld to focus on industrial goods, food sector going forward 

By: Irma Venter     30th November 2020 Barloworld will, in the medium to long term, focus on two verticals, namely industrial goods and related services, as well as food and food ingredients, says CEO Dominic Sewela. “As we manage the pivoting out of the automotive and logistics business . . . we are very clear that we don’t want to... 

L2D sees steady increase in rental collection, footcount in October

By: Marleny Arnoldi     27th November 2020 Real estate investment trust Liberty Two Degrees (L2D) has highlighted the importance of agility in how swiftly the company is able to adapt to new ways of thinking and working going into 2021. In a pre-close investor update, the company states that the impact of the Covid-19 pandemic on its... 

Commercial Real Estate & the Endless Quest for Yield

By: Creamer Media Reporter      24th November 2020 Returns (or yields) determine the value of a commercial property, with the general rule of thumb being the lower the price of purchase in relation to the rental, the higher the yield.  Explains John Jack, CEO of Galetti Corporate Real Estate: “Simply put, the yield is calculated by taking your... 

Sarens Siba opens Brits mining-specific depot 

18th November 2020 Crane company Sarens Siba opened its new Brits-based crane depot in mid-November to cater specifically for the regional mining industry. Demand and logistics were the main driving factors for the company to branch out from its depot in Brakpan to service mines in the northern part of South Africa. 

Octodec records reduced income, defers dividend decision to 2021

By: Donna Slater     16th November 2020 Against a weakening economic environment, the sovereign downgrade in March and the Covid-19 pandemic, JSE-listed real estate investment trust Octodec Investments recorded a 22% reduction in distributable income for the financial year ended August 31 and has deferred its decision to declare a... 

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