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Hyprop slumps on declining shareholder income

Blue-chip shopping centre owner Hyprop Investments’ shares slumped 11.7%, its biggest drop since December 2015, after the real estate investment trust (Reit) warned that distributable income for the 2020 financial year could decline as much as 13%.


South Africa’s rand falls after poor current account data, stocks rise

South Africa’s rand weakened on Thursday after data showed the current account deficit widened in the second quarter from the first, dampening positive economic momentum generated on Tuesday by data showing GDP grew more than forecast.


Government Secures Land For GNPC Headquarters

The government has therefore, acquired some acres of land close to the Ghana Secondary Technical School in Takoradi to commence the construction of offices and ancillary facilities to make them fully operational in the Region.


Construction of US $22.8bn Twin Palms mall in Zambia complete

Construction of US $22.8bn Novare Twin Palms mall has been completed at the Lusaka Salama Park, in Zambia.


Ghana’s Amenfi East Assembly commissions three projects

Ghana’s Amenfi East Municipal Assembly has commissioned three projects aimed to boost service delivery by the beneficiary institutions in the area.


SA Institute of Black Property Practitioners hosts annual convention

The South African Institute of Black Property Practitioners (SAIBPP) will host its annual convention from September 11 to 13, 2019. The theme of this year’s convention, which is taking place at the Durban ICC, is “Funding the Future”.


Sanwo-Olu commissions 492-flat housing estate

Governor Babajide Sanwo-Olu on Wednesday commissioned a 492-flat housing project, named after the first civilian governor of the state, Lateef Jakande, in Igando, Lagos.


Choppies releases full forensic report as battle rages on

The embattled retail group Choppies on Wednesday released the full forensic report into allegations of questionable past business dealings and related party transactions, which has stalled the release of its long delayed 2018 financial statements.


SAFTU is relieved that the South African economy dodged a recession

The South African Federation of Trade Unions (SAFTU) is relieved that the South African economy dodged a recession but warns that the economy is far from being out of the woods.


Construction Of Three Bridges Underway

The Afigya Kwabre South District Assembly in the Ashanti region in collaboration with the Northern Quarries Association has cut sod for the construction of three bridges in the district. The project with an estimated cost of three hundred and seventy thousand Ghana cedis (GHC 370,000) will be constructed at Mowire, Heman and Buoho communities.


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