Revamping run-down buildings in central business districts for low-cost housing is not seen as a workable concept

SA Port Operations (Sapo), which made a positive contribution to Transnet's results, has shown what an attractive investment some of its business units might be for the private sector.

Facilities Management Africa (FMA), saved a Durban-based company R100 000 a month by managing its utility accounts efficiently. This is according to FMA projects and developments manager, Brandon Goldsworthy.

Which would run through the Transkei. "The principle that the commuters of Durban will subsidise the tourists, who will most likely be the only people who use the lower portion of the road (Transkei), is economically unsustainable," he said.

The Airports Company SA (Acsa) would spend R3.8 billion upgrading terminals, runways, and security and rescue services at its 10 local airports, chief executive Monhla Hlahla said yesterday.

Durban - Investec Property Group (IPG) yesterday announced the R2.5 billion merger of Growthpoint and Primegro, which would create the largest loan stock company on the JSE Securities Exchange.

While some large property funds are optimistic about the market, others believe it could stay flat for the time being despite reports of excellent returns.

Investor interest in property unit trusts, loan stocks

Durban - SA Retail Properties had outperformed the property loan stock index on a price basis by 10.5 percent since the start of the year, James Templeton, a property analyst at Barnard Jacobs Mellet (BJM), said yesterday.

DURBAN ApexHi Properties has acquired Maritzburg-based retail development Capital Centre for R20m. The acquisition is in line with the property holding company's strategy of investing in high-yielding instruments.