The city of Johannesburg has proposed tariff increases of an average 13% in the budget tabled by mayor Amos Masondo.

Construction work on the R500 million rail line that would link Coega with the Port Elizabeth rail network would go ahead as planned and work would start in conjunction with the developments in the port of Ngqura, transport utility Spoornet said yesterday.

Prima, Corpcapital's latest listed property fund, establishes what was once a small-cap banking group as SA's biggest and best-performing player in listed property.

Property unit trust company Allan Gray Property Trust (Grayprop, GRY) declared a distribution for the six months ended March 31 of 15 cents per unit - in line with the forecast in the annual report.

South African property company Putco Properties on Tuesday reported a 21.8% decline in headline earnings per share to 24.7 cents for the six months ended December 31 from 31.6 cents the year before.

The value gap between listed property and directly held property is narrowing, says the latest property report by consulting group Rode.

Property investment holding group Hyprop is increasingly becoming a niche retail specialist.

Pretoria - iFour Properties, the listed property loan stock company with a portfolio valued at R730 million, yesterday declared an interim maiden dividend of 36c a linked unit.

Johannesburg Hundreds of reptiles have been moved to safety as work begins on clearing one of the largest of the Coega industrial development zone sites.

Acquisitions worth R173m announced yesterday have boosted the asset value of property loan stock company ApexHi Properties to R2,1bn.