Press Release Archives

Collins Property Group: Profits Surge, REIT Conversion on Horizon, and Strategic Expansion

Financial Rebound: Collins Property Group reported R108 million in net profit, a significant improvement from a R958 million loss.
REIT Conversion: The company is progressing toward REIT status, bolstered by a name change, onshore tax moves, and strategic acquisitions.
Portfolio Expansion: The company is diversifying its portfolio in Europe and the Western Cape while maintaining its financial stability.

AREIT PROP LIMITED projects a 37.8% decrease in basic earnings per share for H1 2023 compared to H1 2022.
The variance is attributed to a lease straight-lining adjustment absent in the previous year’s results.
The trading statement complies with JSE regulatory requirements, providing transparency but is unaudited and subject to change.

Directors Awarded Shares: Stefanutti Stocks’ CEO, CFO, and subsidiary director granted forfeitable share awards under new plan.
Long-Term Alignment: Awards aim to link leadership’s interests with company’s growth and value creation over three-year vesting period.
Regulatory Compliance: Transactions cleared under JSE Listings Requirements, ensuring transparency and adherence to regulatory standards.

The Gauteng Department of Roads and Transport urgently calls on public transport operators to renew their expired operating licenses by the deadline of July 31, 2023.
Despite identifying over six thousand expired licenses, the department has received and processed less than 500 renewal applications, highlighting the need for operators to take prompt action.
The article outlines the specific requirements for license renewal, including submitting a completed application form, providing necessary documents like ID copies and tax clearance certificates, and paying a fee of R300.00 per vehicle. Operators are advised to act swiftly to avoid penalties and ensure the safety and efficiency of public transportation in the province.

Ninety One reports a decrease in assets under management (AUM) for Q1 2024, with AUM at £124.8 billion (ZAR 2,946.88 billion) as of 30 June 2023.

This marks a decline from the previous year’s AUM of £134.9 billion (ZAR 3,183.84 billion).

However, Ninety One remains a significant global investment manager, offering active strategies to its clients.

1nvest ETF has listed additional 1nvestRhodium debentures, increasing the total count to 230,405.

The new debentures were issued at an approximate price of R754.6660 per debenture, following subscriptions for approximately 73.971 fine troy ounces of Rhodium.

The listing provides investors with indirect exposure to Rhodium, a precious metal known for its industrial applications and price appreciation.

Dam levels in Mpumalanga Province remain stable overall, with an average of 98.1% and higher than last year’s levels, according to the Department of Water and Sanitation’s latest report.
While some districts experienced slight declines in water levels, such as the Olifants and Inkomati-Usuthu Water Management Areas, others saw improvements or remained unchanged.
The Department emphasizes the importance of water conservation in South Africa, as a water-scarce country, and urges individuals and businesses to use water wisely to ensure water security and sustainability.

Two independent non-executive directors, Ms Bridget Duker and Mr PJS (Smit) Crouse, resign from Motus Holdings Limited.

Resignations take immediate effect, complying with JSE Limited’s Listings Requirements.

Motus Holdings expresses gratitude for their contributions and plans to fill the vacant positions with suitable candidates.

Redink Rentals (RF) Limited recently issued an important interest payment notification to the holders of its RED501 notes. The announcement,