John Jack, CEO of Galetti Corporate Real Estate: "Election results set to boost commercial property prices and lower yields."

Redefine Properties (JSE: RDF), which has increased its distribution for the six months ended 28 February 2019 by 4.0% to 49.2 cents, continues to build a solid platform for sustained growth and value creation despite ongoing economic and political uncertainty.

The Monetary Policy Committee (MPC) of the Reserve Bank has once again decided to leave South Africa’s repo rate unchanged at 6,75% and prime interest rate the same at 10,25%.

Last week’s NERSA decided to allow a further above-inflation tariff hike.

John Jack, CEO of Galetti Corporate Real Estate.

President Cyril Ramaphosa says the financial and operational challenges faced by power utility Eskom are not caused by the Independent Power Producer (IPP) programme.

The National Energy Regulator of South Africa (Nersa) has granted Eskom a 9.41% tariff increase in the 2019/20 financial year.

While economic conditions remain challenging, Redefine Properties (JSE: RDF) continues to align its strategy to long-term trends and proactively manage liquidity through the recycling of non-core assets.

No quick fix for SA’s Budget, but there’s some hope….

Work is afoot on reconfiguring the South African electricity sector by addressing challenges faced by Eskom, with the board of the first subsidiary of the power utility to be appointed by mid-2019, Treasury said on Wednesday.