Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported solid interim results for the six months ended 31 August 2016.

Delta Property Fund is coming under pressure as it struggles to impress investors given its mostly government-tenanted office portfolio.

Mara Delta (formerly Delta Africa), the first multi-listed property fund to offer international property investors direct access to immediate high growth opportunities on the African continent outside of South Africa, announced that it is has earmarked a further US$ 110 million for investment into Mozambique.

Women continue to make inroads into the traditionally male-dominated South African property industry.

Vukile Property Fund CEO Laurence Rapp says his fund is on track to have more than 90% of its portfolio in top quality retail assets, and to receive a rerating.

Decreasing the listed Delta Property Fund’s gearing in a tough economic environment in which commentators expect interest rates to rise later this year.

Delta Property Fund (“Delta” or “the Fund”), a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin, today reported solid results for the financial year ended 29 February 2016.

Redefine Properties (JSE: RDF) has reported a 6.9% increase to 41.7 cents a share in the distribution for the six months to end February 2016.

The latest research from JLL South Africa shows that the trend in commercial property investment activity in South Africa in the past year has been one of managing risk and avoiding loss in the South African economy, increasing the preference to hold property as opposed to cash reserves.

Tower’s wobbly share price not a true reflection of group’s meteoric rise.