Vunani headline loss expected to improve
Vunani expects headline and basic loss per share for the six months ended June 2009 to have improved by between 80% and 100% compared to the prior comparative half-year.
Large property firms are setting up BEE-controlled property funds
The listed property sector is developing black-owned enterprises to meet its black economic empowerment (BEE) requirements.
Vunani scores a hit with The Decks
Empowerment property group Vunani Properties’ first major mixed-use development in Cape Town’s central business district has almost sold out
Third Consecutive Year of Record Growth for Hyprop
Leading listed retail property fund Hyprop Investments has again outperformed previous distribution growth with its record distribution to unit holders of 225 cents per combined unit for the year to December 2006, up 18,4%. This marks the fund’s third consecutive year of incremental growth in distributions. A significant increase in the value of its portfolio saw pre-tax net asset value per combined unit rise 34% to R39,63.
Hyprop, Vunani buy R67m in property
Hyprop Investments and black-owned Vunani Properties have boosted the portfolio of Vunani Property Investment Fund by buying R67m in property
Hyprop actions BEE Internally and with Vunani Properties
Hyprop Investments and black-owned Vunani Properties have together boosted the portfolio of Vunani Property Investment Fund (VPIF) - their BEE partnership project
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