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SA Corporate Real Estate Fund Managers (Pty) Ltd (SACJ.J)

SACJ.J on Johannesburg Stock Exchange

315.00ZAc
20 Aug 2019
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Latest Key Developments (Source: Significant Developments)

SA Corporate Real Estate Says Interest Investec Now Holds 5.0776% Of Co
Wednesday, 7 Aug 2019 

Aug 8 (Reuters) - SA Corporate Real Estate Fund Managers (Pty) Ltd ::SA CORPORATE REAL ESTATE FUND MANAGERS - INTEREST IN COMPANY'S SHARES HELD BY INVESTEC NOW AMOUNTS TO 5.0776%.  Full Article

SA Corporate Says Rory Mackey Will Continue As Managing Director For A Year
Monday, 5 Aug 2019 

Aug 5 (Reuters) - SA Corporate Real Estate Fund Managers (Pty) Ltd ::JSE: SAC - CHANGES TO THE BOARD OF DIRECTORS AND RESPONSIBILITY OF DIRECTOR; WITHDRAWAL OF CAUTIONARY ANNOUNCEMENT.SA CORPORATE REAL ESTATE FUND - ARRANGEMENT WITH RORY MACKEY WHERE HE WILL CONTINUE AS MANAGING DIRECTOR FOR A YEAR EXTENDABLE BY MUTUAL AGREEMENT.SA CORPORATE - CONSIDERED NBEOI'S, DETERMINED IT IS NOT IN BEST INTERESTS OF CO/SHAREHOLDERS TO PURSUE IMPLEMENTATION OF PROPOSALS IN NBEOI'S.  Full Article

Dipula Makes Non-Binding Offer To Buy 100% Shares In SA Corporate
Friday, 26 Jul 2019 

July 26 (Reuters) - Dipula Income Fund Ltd ::NON-BINDING OFFER BY DIPULA TO ACQUIRE 100% OF SHARES IN SA CORPORATE THROUGH A MERGER AND CAUTIONARY ANNOUNCEMENT.AT OFFER PRICE, PROPOSED TRANSACTION PROCEEDS ARE ESTIMATED AT C. R9 BILLION..SHARE CONSIDERATION EQUATES TO AN INDICATIVE OFFER PRICE OF R3.55 PER SAC SHARE.MERGED ENTITY WILL HAVE A PORTFOLIO VALUE OF C. R27 BILLION.BASED ON SWITCH RATIO SA CORPORATE SHAREHOLDERS TO RECEIVE C. 469.5 MILLION DIPULA A SHARES, 613.2 MILLION DIPULA B SHARES.SWITCH RATIO, AS PER OFFER, EQUATES TO C. 0.185 DIPULA A SHARES & 0.242 DIPULA B SHARES FOR EVERY 1 SAC SHARE.BASED ON SWITCH RATIO SA CORPORATE SHAREHOLDERS TO OWN C. 64% OF DIPULA A SHARES, 70% DIPULA B SHARES IN ISSUE POST PROPOSED DEAL.  Full Article

SA Corporate Real Estate Fund Managers Sees Report By Reyneke SC To Be Received By July 15
Monday, 24 Jun 2019 

June 24 (Reuters) - SA Corporate Real Estate Fund Managers (Pty) Ltd ::INFORMATION ANNOUNCEMENT REGARDING INDEPENDENT INVESTIGATION.SEES REPORT BY ADVOCATE J.J. REYNEKE SC TO BE RECEIVED BY 15 JULY, AS HE IS FINALISING INVESTIGATION.  Full Article

SA Corporate Real Estate Fund Managers Says Emily Hendricks Appointed Interim Chairman
Friday, 14 Jun 2019 

June 14 (Reuters) - SA Corporate Real Estate Fund Managers (Pty) Ltd ::SA CORPORATE REAL ESTATE FUND MANAGERS (PTY) LTD - EMILY MAURISTENE HENDRICKS HAS BEEN APPOINTED AS INTERIM CHAIRMAN OF BOARD.SA CORPORATE REAL ESTATE FUND MANAGERS (PTY) LTD - INITIATING A PROCESS TO APPOINT A NEW CHAIRMAN OF BOARD.  Full Article

SA Corporate Real Estate Fund Managers Reports FY HEPS Of 42.79 Cents​
Tuesday, 27 Feb 2018 

Feb 27 (Reuters) - SA Corporate Real Estate Fund Managers Pty Ltd ::‍DELIVERED GROWTH IN DISTRIBUTIONS PER SHARE FOR YEAR ENDED DECEMBER 2017 OF 4.4%​.FY HEADLINE EARNINGS PER SHARE OF 42.79 CENTS VERSUS 41.10 CENTS‍​.SA CORPORATE REAL ESTATE FUND MANAGERS - ‍SA CORPORATE'S OBJECTIVE IN 2018 IS TO CONSOLIDATE GROUP'S ASSET BASE AND POSITION ITS PORTFOLIO FOR SUSTAINABLE FUTURE GROWTH​.‍INDEPENDENTLY VALUED PROPERTY PORTFOLIO INCREASED BY R1,8BN (12.0%) TO R16,8BN AS AT DECEMBER 2017​.‍DECLARED DISTRIBUTION OF 22.54 CENTS​.‍FY TOTAL NET PROPERTY INCOME ("NPI") INCREASED BY 13.7%, WITH LIKE-FOR-LIKE INCREASING BY 5.7%​.SA CORPORATE REAL ESTATE FUND MANAGERS PTY - ‍BOARD'S VIEW IS THAT DISTRIBUTION GROWTH WILL BE FLAT FOR 2018 YEAR WITH WEAKER H1 FOLLOWED BY A STRONGER H2.  Full Article

South African Markets - Factors to watch on March 1

The following company announcements, scheduled economic indicators, debt and currency market moves and political events may affect South African markets on Friday.