THOSE of us who live in SA's major cities (37% of us, according to a new report) know very well the dramatic contrasts which make up our large urban environments, but we seem to struggle to come up with new ways of thinking about where we are going.

Property group Hyprop (HYP) announced a 376 million rand rights offer, which has been split into a 124.65 million rand raised by issuing nine million shares, and with the balance offered to existing shareholders at a price of 13.50 per unit in the ratio of 19 units per 100 held. The rights offer will not be underwritten.

Ou/nuwe ontwikkeling word straks ekonomies-kulturele spilpunt in Jhb.

Commentary on the state of the local councils

Property loan stock company Atlas Properties (ATS) has reported a total distribution to unit holders of 41.8 cents per unit for the six months to end-March 2004, up from 39.4 cents a unit for the comparable period a year earlier.

Some of South Africa's major cities are undergoing a quiet revolution as the trend towards inner city rejuvenation begins to gather pace - facilitating a surge of growth and increased confidence and investment.

Local and national government are devising plans to reverse urban decay.

Plans to sell liabilities of R10bn to private-sector company to collect as state pays its R1,4bn in services bills Political Correspondent

Mr A Dinnie - Tel: 083 631-4409 - Fax: (011) 339-2727 - http://www.jhbproperty.co.za

The Tinapa project in Calabar, the capital of Cross River State in southern Nigeria, would be a catalyst for investment into the impoverished country, President Olusegun Obasanjo predicted.