Cape Town - Negotiations with Alcan of Canada on a scaled-down version of the proposed aluminium smelter at Coega were continuing, Lionel October, a deputy director-general in the department of trade and industry, said on Friday.

Local and international interest is growing in the possibility of making South Africa the first African country to build a synchrotron, it emerged this week.

Listed property fund, Paramount (Paraprop), has acquired the retail component of one of Cape Town’s largest and most prominent landmarks, the Golden Acre in Cape Town’s Adderley Street, for R130-million.

Retail sector investment in Port Elizabeth looks set to continue unabated after the recent announcement of the development of yet another retail trade centre in the city at a cost of some R50-million.

Growthpoint today announced a total distribution of 69,0 cents per linked unit for the financial year ending 30 June 2004.

The Khayelitsha Business District (KBD) development received a huge boost when the City of Cape Town signed two agreements with the Khayelitsha Community Trust (KCT) to conclude the sale of the retail land and to regulate the availability of land.

LISTED property loan stock heavyweight Hyprop Investments was the best performer of listed property groups in terms of returns to investors last month, says the latest overview by Catalyst Securities.

Cape Town - Conafex Holdings, the agriculture resource group listed on both the JSE Securities Exchange and the Luxembourg bourse, has received notice from the Zimbabwean authorities that its agricultural estates are going to be seized.

Cape Town - Habitat Property Investments, a residential property income fund, was going ahead with its intended listing on the JSE Securities Exchange, Anton Botha, the managing director of Catalyst Property Asset Managers, the manager of Habitat, said on Friday.

"Internal management" and Executive/Company goal congruency behind Spearhead success