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Calgro M3 weathers challenges, commits to delivering shareholder value
Calgro M3 has released its interim results for the six months ended 31st of August 2018, declaring a revenue of R628.6 million. The period under review was one of the most difficult ever experienced by the group, says Wikus Lategan, Group CEO. The company faced several major challenges, including...
Octodec positions itself for sustainable value creation
Octodec Investments Limited have announced its full year results which were impacted by pressure on rental income growth, the lag effect of the let-up period at recent developments and competitive pressures. A distribution of 203.4 cents per share was declared for the period. “The operating...
Cape Town Stadium naming rights process kicks-off
The City of Cape Town has appointed a joint venture company to kick-start the process of securing a naming sponsor for the Cape Town Stadium. This follows after a thorough tender process. The stadium was placed under the management of a municipal entity which was established on the 1st of November...
Redefine wins Gold at SACSC’s Footprint Marketing Awards
Redefine Properties won multiple awards at this year’s Footprint Marketing Awards in Durban. Hosted by the South African Council of Shopping Centres, the awards aim to recognize exceptional shopping centre marketing, innovation, creative achievements, with economic success and excellent...
Spear REIT Limited performs in line with interim period forecast
Spear REIT Limited has reported an interim distribution for the first half of the 2019 financial year of 41.73 cents per share (2018: 36.95 cents). CEO of Spear REIT Limited, Quintin Rossi comments: “Spear has performed in line with management’s forecasts for the interim period amidst tough trading...
Mall of Africa scoops three Footprint Marketing Awards
Attacq’s Mall of Africa has received three awards at this year’s South African Council of Shopping Centres Footprint Marketing Awards. The annual awards (which took place on the 18th of October) seeks to recognize exceptional shopping centre marketing, innovation and creative...
Continued diverging trends in residential building activity
Private sector-financed building activity in the South African market for new housing showed continued diverging trends on specifically a segment level in the first eight months of 2018, which caused the planning phase of new housing to have improved whereas the construction phase has contracted...
Mall of the West to incite new Ntshongweni Urban Development
The first phase of the Ntshongweni Urban Development region will play host to a 85 000 square meter regional shopping centre aptly named the Mall of the West. This new retail offering will cater to Durban’s under serviced western suburbs and surrounding areas which is expectes to boost the...
Know the hidden costs of buying a property
Experts estimate that the hidden costs of buying a property can add as much as 10% onto the purchase price. Knowing the “ins and outs” of the property before making an offer can prevent an emotionally inflated purchase price and help one save valuable finances towards these costs. “Being aware of...