The JSE listed specialist logistics property fund, Equites, today officially announced that it has concluded a transaction in terms of Statement 102 of the Codes of Good Practice on Broad-Based Black Economic Empowerment (“B-BBEE”) with Mabel Black Knight Investments 1 Proprietary Limited (“Mabel”).

On the 31st of March, SAIBPP is launching SAIBPP Connect, an online platform geared towards transformation, supporting entrepreneurship, and providing the space for established property practitioners to network with smaller developers and entrepreneurs.

AltX listed, Brikor Limited a manufacturer and supplier of building and construction materials which also mines clay and coal through its wholly owned subsidiary Ilangabi Investments 12 was in provisional liquidation just four years ago.

-As a black-owned Level 1 B-BBEE certified company, we have always been an organisation that has gone above and beyond to attract people from previously disadvantaged communities to the construction sector as it is part of our philosophy of “building communities”.

Emira Property Fund has reported a 3.1% increase in distributions for its financial year ended 30 June 2019, delivering on its market guidance and continuing its dividend growth for the second consecutive year following its successful turnaround.

Equites Property Fund Limited today announced growth of 11.8% in its distribution per share for the year ended 28 February 2019 to 138.43 cents, along with robust growth in the NAV per share of 10.2% to R16.92.

Shareholders of Texton Property Fund have voted against the repurchase of shares in terms of the ‘Put Option’ related to Texton’s 2014 Broad-based black economic empowerment deal.

Equity Express Securities Exchange (“EESE”) today welcomed its second listing since inception in 2017 with Ukhamba 2, the B-BBEE-Scheme created following the Imperial Holdings Limited’s unbundling of its vehicle dealership division, Motus.

Atterbury, the leading property development and investment company, has concluded a significant B-BBEE transaction that secures 30% black ownership of Atterbury Property Fund (APF).

Emira Property Fund is selling a sizeable R1.8bn portfolio of 25 office assets to a new majority black-owned entity, specially setup for this purpose.