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Affordable housing project launched in Cape Town

By: Donna Slater     22nd September 2020 Privately-owned property developer, the Amdec Group, broke ground at its 11 ha, R500-million affordable housing estate – Golden Grove Estate – in Ottery, Cape Town, on September 17. Golden Grove Estate will house 1 000 affordable residential apartments – including 24 m2 one-bed units, 36 m2... 

Attacq decides against declaring a full-year dividend to preserve liquidity 

By: Donna Slater     22nd September 2020 Real estate investment trust (Reit) Attacq experienced a decline in distributable earnings during the last six months six months of the financial year ended June 30, mainly as a result of tenant rent relief measures to help tenants through the worst of the Covid-19 lockdown. The company was... 

Afrox declares earnings dividend for shareholders

By: Creamer Media Reporter      11th September 2020 Strong cash management and cash flow places company in a good position to take advantage of emerging opportunities, and maintain a dividend payment in line with dividend policy. On behalf of our shareholders and all stakeholders, the Board and management team publicly acknowledges the dedication... 

Afrox manages healthy dividend, profit despite lower demand in H1 

By: Marleny Arnoldi     11th September 2020 Gas supplier African Oxygen (Afrox) has declared a dividend of 38c a share for the six months ended June 30. It also posted earnings before interest and taxes (Ebit) of R336-million and basic earnings a share of 77.8c.  

Integrated Pump Rental

8th September 2020 Integrated Pump Rental is a specialist pump rental organisation that caters to the needs of all sectors, including mining, quarrying, construction, wastewater, energy and general industry across Africa. The company has the agility to offer cus­tomers quick and easy access to a comprehen­sive... 

Bleak outlook for South Africa’s unemployment rate − Schussler

By: Tasneem Bulbulia     28th August 2020 The Covid-19 pandemic and the months of lockdown have had an immense negative impact on economies worldwide, with entire industries forced to close their doors, affecting millions of  workers who either lost their income for weeks on end or lost their jobs altogether, economist Mike Schussler... 

AfriTin produces first tin concentrate, revenue in spite of difficult times

By: Simone Liedtke     28th August 2020 In spite of difficult times in global markets, Aim-listed mining company AfriTin managed to produce its first tin concentrate and generate its first revenue from its flagship Uis tin mine, in Namibia, during the financial year ended February 29. The first production of a saleable tin concentrate... 

How Sub Prepaid Meters Benefit the Rental Market

By: Creamer Media Reporter      25th August 2020 Many landlords, body corporates, and property managers have at one time or another found themselves with an unwanted headache brought on by tenants disputing their utilities bill. Sub prepaid meters are an effective tool that landlords and property managers can use to prevent electricity account... 

SiSebenza launches SA’s first online aggregator of co-working, flexi, shared, and virtual office spaces

24th August 2020 As local businesses emerge from lockdown and re-think their office space requirements, a new local co-working and flexi space broker launches to help companies with space needs analysis, sourcing, cost negotiations and contractual support. SiSebenza Spaces, a division of SiSebenza; the local... 

Redefine lays foundations for future growth as property fundamentals continue to be challenged 

By: Simone Liedtke     24th August 2020 Managing risk through a streamlined, more focused offshore asset platform and zoning in resolutely on high-quality, well-located domestic assets have helped real estate investment trust (Reit) Redefine Properties lay the foundations for future growth once Covid-19-related uncertainty and... 

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