PROPERTY loan stock company Shops For Africa said yesterday that it would wind up its activities and delist this year.

SHOPS for Africa, a listed property loan stock company on the JSE Securities Exchange SA, said at the weekend it had acquired a major share in Sammy Marks' Square, a shopping centre located alongside the State Theatre in the Pretoria central business district.

LISTED property fund Bonatla Property Holdings has been turned into a battlefield as a result of disagreements on the property fund's strategic direction.

Shops for Africa, the focused retail property company that listed in the JSE property loan stock sector in July 2001, is aiming to more than treble the value of its portfolio to R1-billion.