Investors are generally experiencing a yield famine, but for those aiming to wring out that little extra, ApexHi is yielding about double bank deposit rates

Developers get edgy over competition from the public sector.

Redefine Income Fund, managed by Madison Property Fund Managers, announced an increased interest distribution of 8 cents per linked unit for the second quarter ended 29 February 2004.

Pretoria - Unit holders in Shops For Africa, the listed property loan stock company, have approved the sale of the company's entire property portfolio to listed property company ApexHi for R415.3 million.

The managers of the property portfolio of Shops For Africa, the listed property loan stock company that proposes to sell its entire property portfolio to rival ApexHi for R415.3 million, yesterday denied claims the amount being withheld to cover costs was too high.

Listed South African retail property income fund Shops for Africa (SFA) has reported a headline loss per share for the six months to end-October 2003 of 0.83 cents, compared to a loss of 0.39 cents per share a year earlier.

ApexHi, the listed property company, has boosted its portfolio to 220 properties worth more than R2.3 billion with the R243 million acquisition of 13 properties since the end of June.

Teeny cap Spearhead, the R240m property loan stock company, has outperformed JSE-listed peers

Pretoria - ApexHi, the listed property company, hoped to reduce its gearing from 31.6 percent to 25 percent in the next two years by giving preference to acquiring properties with as low a cash component as possible, Gerald Leissner, the chief executive, said yesterday.

Listed property may be everybody's favourite JSE sector but, like a newly discovered celebrity without table manners, its corporate governance is generally an embarrassment