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30-Oct-2018
(Official Notice)
SA Corp shareholders are advised that Ms Ursula Fikelepi has been appointed as an independent non- executive director and member of the Investment Committee and Social, Ethics - Environmental Committee of SA Corporate with effect from 30 October 2018.
04-Sep-2018
(C)
Revenue for the interim period increased to R1.2 billion (2017: R1 billion). Operating income rose to R549.9 million (2017: R544.2 million), profit after taxation decreased to R772 million (2017: R845.1million), while headline earnings per share increased to 21.93 cents per share (2017: 21.76 cents per share).



Dividend

The company has declared a distribution of 21.70 cps on 4 September 2018. The directors are not aware of other significant events between the end of the financial period under review and the date of this report.



Strategy and prospects

With pedestrian South African economic growth prospects, SA Corporate will be focusing on the following activities to ensure sustainable distribution growth into the future:

-Consolidating a quality industrial property portfolio. The Company will continue to dispose of those properties that do not meet investment criteria whilst investing in existing properties providing superior logistics space to tenants with covenant strength.

-Divesting from its remaining commercial properties given the continued weak prospects for this sector.

-Concentrating the Company's retail property portfolio on food services and convenience to be defensive against the rising competition to ?bricks and mortar? retail emanating from e-commerce.

-Establishing a quality residential rental portfolio to offer investors diversification to other South African property sectors.



The company has experienced more challenging trading conditions than those forecast at the beginning of 2018. In particular these have included an almost doubling of the ground rentals payable to Transnet in respect of leasehold properties in Maydon Wharf, renewal of historic long leases to blue chip logistics tenants with greater negative reversions than expected, downscaling by a large national retail tenant, reduced retail turnover rental and greater than forecast municipal charges in the Johannesburg residential portfolio. Based on the aforementioned the Board's view is that the distribution growth forecast for the second half of 2018 will not be realised and a similar negative decline in distribution growth can be anticipated in the second half of 2018 as has been the case in the first half of the financial year.



28-Jun-2018
(Official Notice)
SA Corp advised shareholders that it will be hosting an internet-based pre-close presentation via a webinar at 10:00 on Friday, 29 June 2018. Shareholders wishing to participate in the webinar can register on https://attendee.gotowebinar.com/register/2899272915242269697 .



The Managing Director, Rory Mackey, and the Finance Director, Antoinette Basson, will provide a general business update in the presentation. The presentation will also be available on the Company?s website from the commencement of the webinar.
30-May-2018
(Official Notice)
Shareholders were advised that at the annual general meeting (?AGM?) of SA Corp held at the registered offices of the Company on Tuesday, 29 May 2018, all resolutions were passed by the requisite majority of SA Corp shareholders present in person or represented by proxy at the AGM.
15-May-2018
(Official Notice)
Further to the SENS announcement released on 22 December 2017 advising of the resignation of Benjamin Swanepoel as company secretary of SA Corporate, shareholders are advised that Kilgetty Statutory Services (Pty) Ltd. has been appointed as company secretary on an interim basis, until such time as a permanent appointment is made. The appointment is effective from 14 May 2018.
26-Apr-2018
(Official Notice)
Shareholders are advised that Mr KJ Forbes will be retiring from the board of directors with effect from the date of SA Corp?s annual general meeting, being 29 May 2018.
29-Mar-2018
(Official Notice)
Further to SA Corp?s preliminary summarised audited consolidated financial results for the year ended 31 December 2017 published on 27 February 2018, the integrated annual report has been distributed to shareholders on 29 March 2018 and is available on SA Corp?s website, www.sacorporatefund.co.za. There were no changes to the auditor?s report and annual financial statements forming part of the integrated annual report.



Annual general meeting

Shareholders are advised that the notice of annual general meeting will be posted under separate cover on or about 26 April 2018. The annual general meeting of SA Corporate will be held at 11h00 on 29 May 2018 at South Wing, First Floor, Block A, The Forum, North Bank Lane, Century City, Cape Town to transact the business as stated in the notice of annual general meeting.



The record date for shareholders to be entitled to participate in and vote at the annual general meeting is Friday, 18 May 2018.
26-Mar-2018
(Official Notice)
Shareholders are advised that the Company?s annual compliance report in terms of section 13G(2) of the Broad- based Black Economic Empowerment Amendment Act, No 46 of 2013, is available on the Company?s website at www.sacorporatefund.co.za.
01-Mar-2018
(Official Notice)
SA Corp shareholders are advised that Mr Mabotha Arthur Moloto, currently an independent non- executive director, has been appointed as lead independent director with immediate effect.
27-Feb-2018
(C)
22-Dec-2017
(Official Notice)
Shareholders are advised that Mr Benjamin Swanepoel has resigned as company secretary and will be leaving SA Corporate on 27 March 2018. The process to appoint a suitable replacement to Mr Swanepoel will commence shortly and shareholders will be advised when such an appointment is made. The assistant company secretary will be available in an acting capacity during the transition.

13-Dec-2017
(Official Notice)
SA Corp advised shareholders that it will be hosting an internet-based pre-close presentation via a webinar at 15:00 on Thursday, 14 December 2017. Shareholders wishing to participate in the webinar can register by clicking on the link provided on the Company?s website home page, www.sacorporatefund.co.za.



The Managing Director, Rory Mackey, and the Finance Director, Antoinette Basson, will provide a general business update in the presentation. The presentation will also be available on the Company?s website from the commencement of the webinar.
29-Aug-2017
(C)
30-Jun-2017
(Official Notice)
Further to the announcement released by SA Corporate on the Stock Exchange News Service of the JSE Ltd. (?JSE?) on Thursday, 29 June 2017 regarding the placing of new ordinary shares in the company (the ?Placing Shares?), by means of an accelerated bookbuild (the ?Placing?), the company advised that the Placing was successfully priced on Friday, 30 June 2017.



The company placed 113 207 547 ordinary shares (?Placing Shares?), representing 4.68287% of the ordinary issued share capital of SA Corporate. The Placing was priced at ZAR5.30 per ordinary share (?Placing Price?), and raised gross proceeds of approximately ZAR600 million.



An application has been or will be made to the JSE for the admission of the Placing Shares.



Subject to approval by the JSE, listing and trading of the Placing Shares on the JSE is expected to commence at the opening of trade on Wednesday, 5 July 2017. Investors will have their CSDP and CDS accounts credited with the new SA Corporate ordinary shares on Wednesday, 5 July 2017.



Following the issue of the Placing Shares, the company will have a total of 2 530 689 337 ordinary shares in issue.
29-Jun-2017
(Official Notice)
19-May-2017
(Official Notice)
Shareholders are advised of the voting results for the annual general meeting (?AGM?) of SA Corporate held at the registered offices of the company on Friday, 19 May 2017. Based on the voting results, all resolutions were passed by the requisite majority of SA Corporate shareholders present in person or represented by proxy at the AGM.



18-Apr-2017
(Official Notice)
SA Corp shareholders are advised that Ms Adila Chowan has been appointed as an independent non- executive director and member of the Audit Committee of SA Corporate with effect from 13 April 2017. Ms Chowan is a Chartered Accountant and is currently the Deputy Director General Supply Chain Management at the Department of Public Works where she is responsible for the procurement of R8 billion in property management, construction, leases, facilities management and goods and services.



The Board further advised that Ms Nontutuzelo Mbiza has been appointed as a member of its Investment Committee with effect from 13 April 2017. Ms Mbiza is currently the Chief Executive Officer of the Ibandla Group (Pty) Ltd. and a Board member of the Social Housing Regulatory Authority.
31-Mar-2017
(Official Notice)
In compliance with section 3.22 of the JSE Limited Listings Requirements, shareholders are advised as follows:

Integrated Annual report

Further to SA Corporate?s preliminary audited consolidated financial results for the year ended 31 December 2016 published on 28 February 2017 (?the SENS announcement?), the integrated annual report has been distributed to shareholders on 31 March 2017 and is available on SA Corporate?s website, www.sacorporatefund.co.za. The annual financial statements forming part of the integrated annual report contain no changes to the SENS announcement.



Annual general meeting

Shareholders are advised that the notice of annual general meeting will be posted under separate cover on or about 18 April 2017. The annual general meeting of SA Corporate will be held at 11h00 on Friday, 19 May 2017 at South Wing, First Floor, Block A, The Forum, North Bank Lane, Century City, Cape Town to transact the business as stated in the notice of annual general meeting.



The record date for shareholders to be entitled to participate in and vote at the annual general meeting is Friday, 12 May 2017.



28-Feb-2017
(C)
Revenue for the year increased to R1.8 billion (2015: R1.6 billion). Operating income rose to R927.8 million (2015: R754.1 million), profit after taxation climbed to R2.5 billion (2015: R1.4 billion), while headline earnings per share grew to 41.10 cents per share (2015: 40.46 cents per share).



Distribution

Notice is hereby given of the declaration of distribution in respect of the income distribution period 1 July 2016 to 31 December 2016. The distribution amounts to 21.58 cps.





Strategy and prospects

In 2016 through proactive asset management interventions and focussed operational management, SA Corporate has positioned its property portfolio to generate sustainable and defensive income whilst establishing a pipeline for growth. In particular:

*The company's rejuvenated retail portfolio is set on a growth trajectory which will be complemented by the repositioning and redevelopment of a number of newly acquired and currently owned shopping centres.

*AFHCO has entrenched itself as a dominant trusted residential rental brand of choice providing quality and affordable accommodation in the Johannesburg inner city. This established residential rental platform is now well poised to diversify its geographic spread into high demand nodes through strategic partnerships with the largest developers of residential property in the country.

*The sustained low vacancies in the industrial portfolio evidences the quality and resilience of these properties which will continue to generate strong annuity income through focussed tenant retention, tenant-driven improvements and recycling capital.

The Board's view of future prospects is that distribution growth of between 6% and 8% for the 2017 year can be anticipated.
15-Dec-2016
(Official Notice)
SA Corporate shareholders are referred to Special Resolution Number 3 relating to the provision of direct or indirect financial assistance in terms of Section 45 of the Companies Act, No 71 of 2008 (?the Companies Act?) to related or inter-related companies, which was approved at the annual general meeting of SA Corporate on 20 May 2016.



Further to the above, SA Corporate shareholders are notified in terms of Section 45(5)(a) of the Companies Act, that the board of directors of the Company (?the board?) passed a resolution on 9 December 2016 (?the board resolution?) granting financial assistance to SA Retail Properties Proprietary Limited (?SA Retail?), a wholly owned subsidiary. SA Corporate will act as Guarantor for the performance of the obligations of SA Retail, which has taken out a new loan facility of approximately R1 500 000 000.



The financial assistance provided, as detailed above, is greater than one-tenth of 1% of SA Corporate?s net worth as at the date of the board resolution. The board further confirms that immediately after providing the financial assistance, the Company continues to satisfy the solvency and liquidity test as contemplated in Section 4 of the Companies Act and that the terms and conditions of the financial assistance are fair and reasonable to the Company.
05-Oct-2016
(Official Notice)
Further to the announcement released by SA Corporate on the Stock Exchange News Service of the JSE Ltd. (?JSE?) on 4 October 2016 regarding the placing of new ordinary shares in the company (the ?Placing Shares?), by means of an accelerated bookbuild (the "Placing"), the company is pleased to advise that the Placing was successfully priced on 5 October 2016.



Due to substantial over subscription SA Corporate has increased the number of Placing Shares to 114 171 025, representing 4.9568% of the ordinary issued share capital of SA Corporate. The Placing will price at ZAR5.30 per ordinary share (?Placing Price?), and raise gross proceeds of approximately ZAR600 million.



The Placing Price represents a discount of 1.845% to the 30 day volume-weighted average price up to and including 4 October 2016, being the day prior to the launch of the Placing.



Subject to approval by the JSE listing and trading of the Placing Shares on the JSE is expected to commence at the opening of trade on 10 October 2016. Investors will have their CSDP and CDS accounts credited with the new SA Corporate ordinary shares on 10 October 2016.



Following the issue of the Placing Shares, the company will have a total of 2 417 481 790 ordinary shares in issue.



Absa Corporate and Investment Bank, a division of Absa Bank Ltd. acted as sole bookrunner and transaction sponsor.
04-Oct-2016
(Official Notice)
SA Corporate advises shareholders of its intention to conduct a placing (the ?Placing?) of new ordinary shares in the Company (the ?Placing Shares?), to raise approximately ZAR500 million of gross proceeds subject to pricing acceptable to the Company. The Placing is being conducted through an accelerated bookbuild process (the ?Bookbuild?) which will be launched immediately following this announcement. Only public investors (as defined under paragraphs 4.25 - 4.26 of the JSE Listing Requirements) will be eligible to participate.



Participation is subject to a minimum subscription application of R1 million per applicant. Absa Corporate and Investment Bank, a division of Absa Bank Limited (?Absa CIB?) is acting as sole bookrunner and transaction sponsor in connection with the Placing. The Placing Shares will be issued by SA Corporate under its existing general authority to issue shares for cash, granted and approved by shareholders at the annual general meeting of SA Corporate held on 20 May 2016.



Use of Proceeds

The net proceeds of the Placing will be utilised by the Company to finance accretive transactions within the domestic portfolio either as previously announced on the Stock Exchange News Service (?SENS?) of the JSE Limited (?JSE?), or reaching conclusion in the near future.



The Placing

The Bookbuild will open with immediate effect following this announcement. The timing of closing of the book will be at the absolute discretion of SA Corporate. Details of the number of Placing Shares and the Placing price will be announced on SENS as soon as practicable after the close of the Bookbuild. SA Corporate reserves the right to increase the size of the equity raise subject to demand. When issued, the Placing Shares will be credited as fully paid and will rank pari passu in all respects with the existing ordinary shares of no par value each in the share capital of the Company, including the right to receive all dividends and other distributions declared, made or paid on or in respect of such shares after the date of issue of the Placing Shares. Application will be made for the Placing Shares to be listed on the JSE with effect from 7 October 2016.

29-Aug-2016
(Official Notice)
29-Aug-2016
(Official Notice)
29-Aug-2016
(C)
20-May-2016
(Official Notice)
Shareholders are advised that the voting results for the annual general meeting (?AGM?) of SA Corporate held at the registered offices of the company on Friday, 20 May 2016, all resolutions were passed by the requisite majority of SA Corporate shareholders present in person or represented by proxy at the AGM.
31-Mar-2016
(Official Notice)
Further to SA Corporate?s preliminary summarized audited consolidated financial results for the year ended 31 December 2015 published on 1 March 2016 (?the SENS announcement?), the integrated annual report has been distributed to shareholders today and is available on SA Corporate?s website, www.sacorporatefund.co.za. The annual financial statements forming part of the integrated annual report contain no changes to the SENS announcement.



Annual general meeting

Shareholders are advised that the notice of annual general meeting will be posted under separate cover on or about 20 April 2016. The annual general meeting of SA Corporate will be held at 11h00 on Friday, 20 May 2016 at South Wing, First Floor, Block A, The Forum, North Bank Lane, Century City, Cape Town to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report.



The record date for shareholders to be entitled to participate in and vote at the annual general meeting is Friday, 13 May 2016.



29-Feb-2016
(C)
14-Dec-2015
(Official Notice)
SA Corporate shareholders (?Shareholders?) are referred to the finalisation announcement released on the Stock Exchange News Services (?SENS?) on Tuesday, 17 November 2015 and the circular to Shareholders that was issued on Monday, 23 November 2015 relating to a rights offer to raise up to R1.2 billion (?rights offer?).



The rights offer consisted of an offer of 263,141,113 new SA Corporate ordinary shares (?rights offer shares?) in the ratio of 13.00 rights offer shares for every 100 SA Corporate ordinary shares (?Shares?) held on the record date of the rights offer, at a subscription price of 457 cents per rights offer share.



Results of rights offer

The excess applications applied for will be allocated equitably, taking cognisance of the number of Shares and rights held by each Shareholder immediately prior to such allocation, including those taken up as a result of the rights offer, and the number of excess Shares applied for by such Shareholder. Following the conclusion of the rights offer, the Company?s total shares in issue will increase to 2,287,303,532 SA Corporate ordinary shares.



Issue of rights offer shares

Share certificates will be posted to holders of certificated shares who have followed their rights today. The CSDP or broker accounts of holders of dematerialised shares or their renouncees, who have followed their rights, will be credited with the rights offer shares and debited with any payments due today. Share certificates will be posted to holders of certificated shares, or their renouncees, who have been allocated rights offer shares in terms of excess applications on or about Thursday, 17 December 2015.



The custody account of holders of dematerialised shares, or their renouncees, who have been allocated rights offer shares in terms of excess applications, will be updated and their accounts at their CSDP or broker credited on Thursday, 17 December 2015. Cheques refunding monies in respect of unsuccessful excess applications in respect of certificated shareholders will be posted to the relevant applicants, at their risk, on or about Thursday, 17 December 2015. No interest will be paid on monies received in respect of unsuccessful applications.





23-Nov-2015
(Official Notice)
SA Corporate shareholders are referred to the finalisation announcement released on the Stock Exchange News Service (?SENS?) on 17 November 2015 relating to a rights offer to raise up to R1.2 billion.



SA Corporate shareholders are advised that the circular in respect of the rights offer will be posted to certificated shareholders on Tuesday, 24 November 2015 and to dematerialised shareholders who have elected to receive such documents on Tuesday, 1 December 2015. The circular will also be available on the Company?s website: www.sacorporatefund.co.za.



The letters of allocation were listed and commenced trading today, Monday, 23 November 2015, and will continue trading until Friday, 4 December 2015.

17-Nov-2015
(Official Notice)
13-Nov-2015
(Official Notice)
10-Nov-2015
(Official Notice)
Shareholders of the company (?Shareholders?) are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. (?JSE?) on 12 October 2015, regarding the notice of an ordinary resolution to be considered and voted on in writing by Shareholders relating to 350 000 000 authorised but unissued ordinary shares of no par value (?shares?) being placed under the control of the board of directors of the company (?Directors?) in respect of an offer of shares to existing Shareholders pro rata to their shareholdings at their discretion ( ?Notice?).



Shareholders are hereby advised that the Ordinary Resolution contained in the Notice was passed by the requisite majority of votes of Shareholders.
05-Nov-2015
(Official Notice)
Further to the announcement released on the Securities Exchange News Service on 09 October 2015 regarding the acquisition by SA Corporate of 50% of the shares and claims in Graduare Mauritius Ltd., Ancona Mauritius Ltd. and Premier LM-C Mauritius Ltd. in order to indirectly acquire a 50% interest in a portfolio of three properties located in Zambia (the ?Transaction?), shareholders are advised that all conditions to the Transaction have been fulfilled and the Transaction is now unconditional and is in the process of being implemented.
06-Jul-2015
(Permanent)
SA Corporate Real Estate Fund renamed to SA Corporate Real Estate Ltd effective 6 July 2015.
12-Oct-2015
(Official Notice)
09-Oct-2015
(Official Notice)
01-Sep-2015
(Media Comment)
Business Day reported that SA Corporate Real Estate Fund's recent move into the affordable rental housing market in inner-city Johannesburg is already paying off, with a significant earnings boost for the six months ending June. Management announced a better than expected 11.2% rise in dividends for the interim period, up from growth of 8.6% a year ago.
31-Aug-2015
(C)
Revenue for the interim period rose to R781.9 million (R658.58 million). Operating income increased to R382.1 million (R350.8 million). Net profit attributable to unitholders jumped to R522.0 million (R360.5 million). Furthermore, headline earnings per unit shot up to 20.88 cents per unit (8.00 unit).



Distribution

Notice is hereby given of the declaration of distribution no.41 in respect of the income distribution period 1 January 2015 to 30 June 2015. The distribution amounts to 19.66 cents per unit. The source of the distribution comprises net income from property rentals and interest earned on cash investments.



Strategy and prospects

The conversion to a corporate REIT on 1 July 2015 marked the completion of the successful execution of the four pillar turnaround strategy, positioning the company for sustainable distribution growth.



With its resilient industrial portfolio, unlocking of value in the retail portfolio and expansion into affordable residential properties, the Group is well placed and sized to broaden its scope to become well-diversified in sub-Saharan Africa, active in all sectors.



As we move to an increasing interest rate cycle amidst volatility and uncertainty the Board and management are acutely aware of the risks and consequently seek to extend debt facilities ahead of expiry and lock in the rates through remaining 81.8% hedged.



Management are exploring a number of acquisitions particularly in retail and residential which if successful will enhance the performance of the company into the future.



In view of the achievements to date and the acquisition pipeline, the board is confident that the company will, for the full year, disregarding any accretive acquisitions in addition to those disclosed in these results, be able to deliver distribution growth of approximately 10%.
26-Jun-2015
(Official Notice)
19-Jun-2015
(Official Notice)
SA Corporate unitholders (?Unitholders?) are referred to the previous announcements released on SENS on 30 April 2015 and 29 May 2015, regarding the proposed transaction whereby SA Corporate will be reconstituted to an internally managed corporate Real Estate Investment Trust and listed on the Johannesburg Stock Exchange as Newco (the ?Transaction?). The salient dates and times of the Transaction have been amended and the revised dates and times are set out below.



Salient dates of the Transaction (revised)

The revised salient dates and times of the Transaction are as follows:

* Finalisation announcement released on SENS on Friday, 26 June

* Finalisation announcement published in the press on Monday, 29 June

* Effective Date of the Transaction : Wednesday, 1 July

* Last day to trade in SA Corporate Units on the JSE to participate in the Transaction: Friday, 3 July

* Anticipated listing of Newco on the JSE from the commencement of trade on Monday, 6 July

* SA Corporate Units suspended from the commencement of trade on Monday, 6 July

* Trading in Newco shares with the JSE share code: SAC and ISIN: ZAE000203238 commences on Monday, 6 July

* Record date to participate in the delisting and to be entitled to receive Newco shares: Friday, 10 July

* Accounts at CSDP or broker updated in respect of dematerialised shareholders: Monday, 13 July

* Expected date of posting of Newco share certificates to certificated shareholders: Monday, 13 July

* Delisting of SA Corporate Units from the JSE at commencement of trade on Monday, 13 July
29-May-2015
(Official Notice)
Unitholders are referred to the announcement released on the Stock Exchange News Service of the JSE Ltd. (?JSE?) on 30 April 2015, regarding the posting of a circular (?Circular?) and notice of general meeting of Unitholders (?General Meeting?), and are hereby advised that at the General Meeting held on Friday, 29 May 2015, the resolution contained in the notice of General Meeting (relating to the proposed transaction whereby SA Corporate will be reconstituted to an internally managed corporate Real Estate Investment Trust (?REIT?) and listed on the JSE as Newco (the ?Transaction?)), forming part of the Circular, was passed by the requisite majority of votes of Unitholders present in person or represented by proxy at the General Meeting.



Results of the general meeting

Details of the results of voting at the General Meeting were as follows:

*Resolution: Approval of the Transaction

*Number of Units voted: 1 338 303 134

*Percentage of Units in issue: 66.24%

*For: 99.97%

*Against: 0.03%

*Abstained: 0.13%



Outstanding conditions precedent

The Transaction is still subject to the fulfilment of the following conditions precedent by Friday, 26 June 2015:

* the approval by SA Corporate's lenders regarding a syndicated loan to SA Retail Properties (Pty) Ltd., secured by guarantees by SA Corporate and some of its fixed property companies;

* the final approval of the Transaction by the Registrar of Collective Investment Schemes appointed in terms of CISCA; and

* suitable rulings being obtained from the Advance Tax Ruling Unit of the South African Revenue Service relating to certain aspects of the Transaction, including in respect of roll-over relief in terms of sections 42 and 44 of the Income Tax Act, no. 58 of 1962. The Manager shall have the discretion to waive the requirements in relation to the obtaining of such rulings or any part thereof, should it determine that such ruling or part thereof is no longer required.
15-May-2015
(Official Notice)
Unitholders are advised that the voting results for the annual general meeting (AGM) of SA Corporate held at the registered offices of the Company on Friday, 15 May 2015. Based on the voting results, all resolutions were passed by the requisite majority of SA Corporate unitholders present in person or represented by proxy at the AGM.



30-Apr-2015
(Official Notice)
01-Apr-2015
(Official Notice)
Further to SA Corp?s audited consolidated financial statements for the year ended 31 December 2014 published on 2 March 2015(?the SENS announcement?), the integrated annual report has been distributed to shareholders on the 1st of April 2015 and is available on SA Corporate?s website, www.sacorporatefund.co.za. The annual financial statements forming part of the integrated annual report contain no changes to the SENS announcement.



Unitholders are advised that the notice of annual general meeting will be posted under separate cover on or about Wednesday, 15 April 2015. The annual general meeting of SA Corporate will be held at 10h30 on Friday, 15 May 2015 at South Wing, First Floor, Block A, The Forum, North Bank Lane, Century City, Cape Town to transact the business as stated in the notice of the annual general meeting forming part of the integrated annual report.



The record date for unitholders to be entitled to participate in and vote at the annual general meeting is Friday, 8 May 2015.
02-Mar-2015
(C)
Revenue for the year shot up to R1.408 billion (2010: R1.186 billion). Income before taxation decreased to R967.3 million (2013: R1.013 billion), while total comprehensive income attributable to unitholders lowered to R967.2 million (2013: R1.170 billion). Furthermore, headline earnings per fell to 23.50cpu (2013: 33.13cpu).



Distribution Growth

SA Corp achieved a second half distribution of 18.02cpu representing growth of 9.4% relative to the comparable period December 2013 of 16.47cpu. The Fund delivered a full year distribution of 35.70cpu, representing growth of 9.0% relative to the comparable period (32.75cpu).



Strategy and prospects

During the current year the Fund completed the ManCo internalisation transaction, acquired a R1.1 billion inner city residential and retail portfolio and commenced the conversion to a Corporate REIT, being the final stage of its 4 pillar turnaround strategy. In the latter half of the year, the Fund successfully concluded a R2 billion syndicated loan facility at competitive pricing to term out some of the temporary facilities, fund acquisitions and retail developments. Cognisant of the volatility of the interest rate market and aligned to its strategic intent of sustainable distribution growth the Fund?s debt facilities remain adequately hedged at 82.5%.



The platform has been set for sustainable growth aligned to the Fund?s strategic objectives of:

* A diversified portfolio that generates stable growing income and capital gains

* Improving the portfolio through quality acquisitions, developments of inner-city properties, improving industrial properties to meet the operational needs of tenants and the redevelopment of shopping centres unlocking value in the retail portfolio

* Enhanced returns by managing liquidity and interest rate risk through the effective use of debt and equity, that is appropriately structured

* Efficient and effective property operations to enhance property fundamentals

* Reducing the business impact on the environment and reducing costs through green initiatives



The Board is pleased with the execution of the strategy and performance of the Fund and anticipates that distribution growth in excess of inflation will be achieved in 2015.
26-Aug-2014
(C)
Revenue for the interim period ended 30 June 2014 grew to R658.5 million (2013: R570.2 million). Operating income rose to R350 million (2013: R300.7 million), but profit attributable to unitholders was lower at R368.6 million (2013: R732.2 million). Furthermore, headline earnings per share decreased to 7.96cpu (2013: 17.28cpu).



Distribution

Notice is hereby given of the declaration of distribution no.39 in respect of the income distribution period 1 January 2014 to 30 June 2014. The distribution amounts to 17.68cpu.



Prospects

With the four pillar turnaround strategy largely executed and operational, the first six months saw the completion of the ManCo internalisation transaction, a R1,1bn acquisition of inner city residential and retail properties with effect from 1 July 2014, the initiation of the Corporate REIT conversion and the introduction of a management incentive scheme aimed at aligning management and investor interests. The Board and management are cognisant of the volatility in market conditions and the pressures on interest rates. Consequently it has extended existing loans at favourable rates ahead of expiry and remains adequately hedged at 82.2% post the AFHCO acquisition.



The foundation has been laid for the Fund to deliver sustainable distribution growth supported by:

*A robust underpin from a quality Industrial portfolio with a focus on tenant retention.

*Unlocking value in the retail portfolio by reducing vacancies and progressing income enhancing redevelopments and repositioning properties with improved tenant mix and covenants.

*Expanding the inner-city portfolio through developments and acquisitions of quality properties in dominant nodes, fuelled by the non-discretionary spend of an increasing urban population.



The board is pleased with the progress made and is confident that the Fund will be able to deliver distribution growth for the full year, marginally better than the first half.

08-Jul-2014
(Official Notice)
In compliance with rule 3.59 of the JSE Listings Requirements, SA Corp unit holders are advised that subject to regulatory approvals being obtained, Mr Arthur Moloto has been appointed as an independent non-executive director of the Fund with effect from 7 July 2014.
30-Jun-2014
(Official Notice)
Further to the announcements released on the Securities Exchange News Service (SENS) on Monday, 3 March 2014, Tuesday, 22 April 2014, and Tuesday, 29 April 2014 regarding the acquisition by SA Corporate of the entire issued share capital of Afhco (the Transaction), all suspensive conditions to the Transaction, including the unconditional approval of the Competition Tribunal, have been fulfilled and the Transaction is now unconditional. The effective date of the Transaction will be 1 July 2014.



As communicated in the announcement released on SENS on Tuesday, 22 April 2014, it was envisaged that Afhco enters into a sale and purchase agreement with the minority shareholder (Minority Shareholder) of Rapiprop 101 Proprietary Limited (Rapiprop) to acquire its shareholding in the jointly owned subsidiary (which owns the two properties Elgin Court and Jeppe Street Mall). After discussions with the Minority Shareholder, Afhco has concluded an agreement (the Minority Agreement) to purchase only Jeppe Street Mall directly from Rapiprop instead of the Minority Shareholder?s 50% shareholding in Rapiprop.



The original Afhco property portfolio of approximately R953 million will now exclude the Elgin Court property of R25.6 million. Accordingly the revised Afhco property portfolio will consist of 26 properties valued at approximately R928 million. The original purchase consideration (before any purchase price adjustments) of R278.5 million will be reduced to approximately R266.2 million (Elgin Court property value of R25.6 million less debt of R13.3 million).



In addition to concluding the Minority Agreement, SA Corporate has purchased the entire share capital of Cross Atlantic Properties 117 Proprietary Limited, the owner of Stuttafords House (which is a development property located on the corner of Pritchard and Rissik Streets, JHB Inner City CBD) from the Plit Brothers for R35 million. The strategy for Stuttafords House is to develop 181 residential units across the 9 upper floors and retain the 926m? of current ground floor retail including an existing McDonald?s. SA Corporate is also finalising discussions to purchase the remaining 50% undivided share in Newgate that Afhco does not already own.
16-May-2014
(Official Notice)
SA Corporate unitholders are advised that, at the annual general meeting of SA Corporate on 15 May 2014, all the resolutions were passed by the requisite majority of unitholders present or represented by proxy, with the exception of ordinary resolution no. 6 to approve units for cash, which was withdrawn prior to the commencement of the annual general meeting.



Change to the board of directors

SA Corporate unitholders are advised that Mr Syed Mia has retired as director of the Fund with effect from the conclusion of the annual general meeting on 15 May 2014. The board would like to thank him for his contribution during his tenure as director especially for his role as Chairman of the Investment Committee. Mr Ken Forbes was appointed as Acting Chairman of the Investment Committee.

29-Apr-2014
(Official Notice)
SA Corp unitholders are referred to the announcement dated 22 April 2014 and specifically paragraph five "Financial Effects", wherein SA Corp announced the conclusion of a conditional agreement to purchase the entire issued share capital of Afhco ("Proposed Transaction"). Unitholders are advised that the financial effects have been amended and replaced with the financial effects below.



Financial effects

The forecasts have been prepared on the assumption that the Proposed Transaction will be implemented with effect from 1 June 2014 and include forecast results of the Afhco Property Portfolio for the seven months ending 31 December 2014 and the twelve month period ending 31 December 2015.

Forecast 7 months ending 31 December 2014 - forecast 12 months ending 31 December 2015:

* Revenue: 67 105 - 142 018

* Total property expenses: -22 484 - -47 317

* Net operating income before finance charges: 44 620 - 94 701

* Finance charges: -36 224 - -72 057

* Net profit attributable to Unitholders: 8 396 - 22 644

* Distributable income per SA Corporate participatory interest ("PI") (cents): 0.42 - 1.13



Further announcement

A further announcement will be made by SA Corp upon the conclusion of the Minority Agreement and fulfilment of the remaining conditions precedent to the Proposed Transaction.
24-Apr-2014
(Official Notice)
SA Corporate unitholders are advised that Mr Benjamin Swanepoel has been appointed as the new company secretary of SA Corporate Fund Managers Ltd with effect from 1 May 2014. Old Mutual Property Pty Ltd has resigned as company secretary of SA Corporate on the same date.
22-Apr-2014
(Official Notice)
Unitholders are advised that as negotiations between SA Corp and the Sellers have been concluded, caution is no longer required to be exercised by Unitholders when dealing in SA Corp's PIs. Unitholders are advised that a resolution for the approval of the Proposed Transaction has been provided for in the annual general meeting ("AGM") notice which was posted to Unitholders on 17 April 2014. The AGM will be held on 15 May 2014 at SA Corporate?s registered offices - South Wing, First Floor, Block A, North Bank Lane, Century City. A further announcement will be made by SA Corp upon the conclusion of the Minority Agreement and fulfilment of the remaining conditions precedent to the Proposed Transaction.
22-Apr-2014
(Official Notice)
03-Apr-2014
(Official Notice)
SA Corp unitholders are advised that subject to regulatory approvals being obtained, Ms Emily Hendricks has been appointed as an independent non- executive director of the Fund with effect from 2 April 2014.
02-Apr-2014
(Official Notice)
03-Mar-2014
(C)
Revenue declined to R1.186 billion (R1.228 billion). Net profit attributable rose to R1.2 billion (R736.6 million). In addition, headline earnings per unit grew to 33.13cpu (27.20cpu).



Distribution

A final gross ordinary distribution of 16.47cpu has been declared.



Outlook

In an environment of market volatility and upward pressure on the cost of capital and yields, the Fund is focusing on unlocking underperformance in its retail portfolio and robust tenant retention in its industrial portfolio. In addition the Fund is exploring investment opportunities that will be yield and growth enhancing. The board is pleased with the turnaround of the Fund in 2013 and is confident that it is now on a firm footing to deliver distribution growth at least on par with the sector average for listed entities invested in South African property.
03-Mar-2014
(Official Notice)
The proposed transaction is still subject to the completion of a Due Diligence to the satisfaction of SA Corp. SA Corp intends to announce the financial effects for the transaction subsequent to the completion of the Due Diligence. Accordingly, unitholders are advised to exercise caution when dealing in SA Corp's securities until the Due Diligence is completed and a further announcement is made.
03-Mar-2014
(Official Notice)
28-Feb-2014
(Official Notice)
SA Corp unitholders are advised that Mr Roshan Morar has resigned as director of the Fund with immediate effect.
17-Jan-2014
(Official Notice)
SA Corp unitholders are referred to the announcement published by SA Corp on SENS on 31 October 2013, wherein Unitholders were advised that SA Corp intends to ballot Unitholders to obtain their approval to certain amendments ("Amendments") to the trust deed (the "Deed") of SA Corp Real Estate Trust Scheme, in terms of which:

* the existing service charge arrangement in respect of the Fund will be changed from a monthly charge based on a value of 0.4% of the aggregate market capitalisation of the Fund plus borrowings, to a monthly charge equal to the actual operating costs incurred by the Manager in administering the Fund as well as the scrapping of the initial charge of 5% on the value of any new participatory interests ("units") issued against the payment by the Fund to the Manager of a consideration of R185 million excluding VAT ("Amendment 1"); and

* as a separate amendment, the borrowing limits of the Fund will be increased from 30% to 60% of the value of its underlying assets ("Amendment 2"), which amendments will be incorporated in a 6th supplemental deed to the Deed.



A circular ("Circular") detailing the Amendments and the balloting procedure will be posted to Unitholders on or about Friday, 7 February 2014 and will be available on SA Corp?s website at www.sacorporatefund.co.za from Monday, 10 February 2014 and includes, inter alia, details of the internalisation of the management of SA Corporate and the Amendments, and details of the conditions precedent still to be fulfilled or waived in respect of Amendment 1.



Salient dates

The important dates and times relating to the Amendments are set out in the table below ("Timetable"). Words and expressions in the Timetable and notes thereto shall have the same meaning as assigned to them in the Circular.

* Last date to trade in order to be eligible to participate in the ballot on Friday, 24 January

* Record date in order to be eligible to participate in the ballot on Friday, 31 January

* Posting of the Circular to Unitholders by no later than Friday, 7 February

* Closing date of the ballot at 17:00 on Monday, 24 March

* Results of the ballot anticipated to be released on SENS during the week commencing on Monday, 31 March.
31-Oct-2013
(Official Notice)
Participatory interest holders ("Unitholders") in the Fund are informed that the Manager intends to ballot Unitholders to obtain their approval to certain amendments to the trust deed (the "Deed") of SA Corporate Real Estate Trust Scheme (the "Scheme"), in terms of which:

*the existing service charge arrangement in respect of the Fund will be changed from a monthly charge based on a value of 0.4% of the aggregate market capitalisation of the Fund plus borrowings, to a monthly charge equal to the actual operating costs incurred by the Manager in administering the Fund as well as the scrapping of the initial charge of 5% on the value of any new participatory interests ("units") issued ("Amendment 1"); and

*the borrowing limits of the Fund, will be increased from 30% to 60% of the value of its underlying assets ("Amendment 2"),

which amendments will be incorporated in a supplemental deed (the "Supplemental Deed") to the Deed.



Approvals, further announcements and documentation

The Registrar and Trustee have indicated that they have no objection in principal either to the Proposed Transaction or the increase in borrowing limits.



The Manager will finalise the Circular and ballot form and the Supplemental Deed with the Registrar and Trustee and will then publish on SENS and in the press, an announcement of a Last Date to Trade and a Record Date for Unitholders to register to participate in the ballot process. The Circular and ballot form will then be posted within approximately a week of the Record Date, and Unitholders who were registered as such on the Record Date will have 30 business days to respond to the ballot. The Circular will provide detailed instructions in this regard.



The results of the ballot will be announced once the Registrar has given his formal approval to the process and the Supplemental Deed.



Recommendation

The Manager (including the independent directors of the Board) recommends that Unitholders vote in favour of the Amendments in the ballot.



Withdrawal of cautionary

Following the release of this announcement, the cautionary announcements originally published are hereby withdrawn and caution is no longer required to be exercised by Unitholders when dealing in their Units.
30-Sep-2013
(Official Notice)
Further to the cautionary announcement dated 26 August 2013, unitholders are advised that SA Corporate will not be pursuing the acquisition of a property that would have constituted a category 2 transaction in terms of JSE Listings Requirements.



Proposed internalisation of management of the Fund

Further to the cautionary announcement dated 22 February 2013 and the subsequent renewals dated 10 April 2013, 23 May 2013, 4 July 2013 and 26 August 2013, unitholders are further advised that discussions between SA Corporate Fund Managers and Old Mutual Property (Pty) Ltd. regarding the possible internalisation of the management of the Fund remain in progress. Accordingly, unitholders are advised to continue to exercise caution when trading in the Fund?s units until a further announcement has been made.
26-Aug-2013
(Official Notice)
Unitholders are advised to exercise caution when trading in the Fund's units until a further announcement is made on a possible acquisition once the details have been established.
26-Aug-2013
(Official Notice)
Unitholders are further advised that the fund has entered into negotiations for the acquisition of a property ("the acquisition"). Whilst it is envisaged that the acquisition will constitute a category 2 transaction in terms of JSE Listings Requirements, it is not possible to include details of the acquisition, including price at this stage.
26-Aug-2013
(Official Notice)
Further to the cautionary announcement dated 22 February 2013 and the subsequent renewals dated 10 April 2013, 23 May 2013 and 4 July 2013 and extension granted by the JSE Ltd. ("JSE"), unitholders are advised that discussions between SA Corporate Fund Managers and Old Mutual Property (Pty) Ltd. regarding the possible internalisation of the management of the Fund remain in progress. Accordingly, unitholders are advised to continue to exercise caution when trading in the Fund's units until a further announcement has been made.
26-Aug-2013
(C)
04-Jul-2013
(Official Notice)
Further to the cautionary announcement dated 22 February 2013 and the subsequent renewals dated 10 April 2013 and 23 May 2013, unitholders are advised that discussions between SA Corp and Old Mutual Property (Pty) Ltd. regarding the possible internalisation of the management of SA Corp remain in progress. Accordingly, unitholders are advised to continue to exercise caution when trading in SA Corp's units until a further announcement has been made.



REIT Status approval

Unitholders are advised that SA Corp's application to the JSE for Real Estate Investment Trust ("REIT") status has been approved by the JSE. Accordingly, SA Corp will qualify as a REIT with effect from the commencement of its next financial year, being 1 January 2014.
04-Jun-2013
(Official Notice)
SA Corporate unitholders are advised that Mr Gerhard van Zyl has resigned as director of SA Corporate Real Estate Fund Managers Ltd, SA Corporate's management company, with effect from 3 June 2013.
30-May-2013
(Official Notice)
SA Corp unitholders were advised that Mr Jeff Molobela, recently appointed as a director, has been appointed as independent non-executive Chairman of the board.



As a result of the appointment, Mr John Biesman-Simons will step down as Acting Chairman of the Board and as Acting Chairman of the Nomination and Remuneration Committee. Mr Biesman-Simons will remain on the board as an independent non-executive director and will revert back to Chairman of the Audit Committee.



These changes are effective immediately and the appointment of Mr Molobela is subject to the necessary regulatory approvals being obtained.
23-May-2013
(Official Notice)
Further to the cautionary announcement dated 22 February 2013 and the subsequent renewal dated 10 April 2013, unitholders are advised that the exclusive discussions between SA Corporate Fund Managers and Old Mutual Property (Pty) Ltd. regarding the possible internalisation of the management of the Fund remain in progress. Accordingly, unitholders are advised to continue to exercise caution when trading in the Fund's units until a further announcement has been made.



Change to Nomination - Remuneration Committee Composition

In compliance with rule 3.84 of the JSE Listing Requirements, unitholders are advised that Mr Roshan Morar will step down as member of the combined Nomination - Remuneration Committee ("NRC") with immediate effect. Furthermore, the chairman of the board will continue to act as chairman of the NRC, but Mr Ebrahim Seedat, an independent non-executive member of the NRC, will take over as chairman for any discussions on remuneration matters.
09-May-2013
(Official Notice)
SA Corp unitholders are advised that, at the voluntary annual general meeting of SA Corp held at the Gateway Meeting Room, Property on Fifth, Mutual Park, Pinelands on 9 May 2013, all the resolutions were passed by the requisite majority of unitholders present or represented by proxy.
03-May-2013
(Official Notice)
SA Corp unitholders were advised that, subject to regulatory approvals being obtained, Mr Jeff Molobela has been appointed as a non-executive director of SA Corp with effect from 3 May 2013.
22-Apr-2013
(Official Notice)
Unitholders are advised that SA Corporate Fund Managers has appointed Broll Property Group as the property manager for its entire portfolio with effect from 1 July 2013 when the contract with Old Mutual Property Pty Ltd expires. The estimated savings in property management fees will be in excess of 20%. This will translate into an estimated growth in distribution in excess of 1% from the inception of the contract. This information has not been reviewed or reported on by SA Corporate's auditors.
10-Apr-2013
(Official Notice)
Further to the cautionary announcement dated 22 February 2013, unitholders are advised that the exclusive discussions between SA Corporate Fund Managers and Old Mutual Property (Pty) Ltd. regarding the possible internalisation of the management of the SA Corp remain in progress. Accordingly, unitholders are advised to continue to exercise caution when trading in the SA Corp's units until a further announcement has been made.
28-Mar-2013
(Official Notice)
Further to SA Corp's reviewed condensed final results and distribution declaration for the year ended 31 December 2012 that was published on 22 February 2013 ("the SENS announcement"), the integrated annual report was posted. The annual financial statements forming part of the integrated annual report contain no changes to the SENS announcement and are available on SA Corp's website, www.sacorporatefund.co.za.



Voluntary annual general meeting

Unitholders are advised that the voluntary annual general meeting of SA Corporate will be held at 10h00 on Thursday, 9 May 2013 in the Gateway Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of the voluntary annual general meeting forming part of the integrated annual report. The record date for unitholders to be entitled to participate in and vote at the voluntary annual general meeting is Friday, 3 May 2013.
22-Feb-2013
(Official Notice)
Unitholders are advised that SA Corporate Fund Managers has entered into exclusive discussions with Old Mutual Property Pty Ltd regarding the possible internalisation of the management of the Fund, which, if successfully concluded, may have an effect on the price of the Fund's units. Accordingly, unitholders are advised to exercise caution when trading in the Fund?s units until a further announcement has been made.
22-Feb-2013
(C)
Revenue for the year ended decreased to R1 227.5 million (2011: R1 235.3 million). Operating income declined to R623.3 million (2011: R653.1 million), but net profit attributable to unitholders rose to R736.6 million (2011: R414.8 million). Furthermore, headline earnings per unit decreased to 27.20cpu (2011: 30.08cpu).



Distribution

The board declared a distribution amount of 14.98cpu for the year.



Prospects

The Fund's strategy has four pillars. The first is an investment strategy that underpins sustainable distribution growth. This requires that acquisitions of appropriate quality properties are made and the divestments of properties not compatible to the Fund in the long term are accompanied with acquisitions that do meet the Fund's long term objectives. In this regard the Fund has made one acquisition in 2013 and continues to explore other investment opportunities including development partnerships. The second pillar is to procure sector best property management services to secure optimal performance of the Fund's portfolio and a request for proposal for these services is to be issued shortly.



The third pillar entails establishing an optimal capital structure, which includes not only an appropriate level of gearing but also well priced debt and a managed interest rate policy. Progress has been made with the latter whilst a project to access the debt capital markets is underway to support the former. The final pillar is the alignment of investor and management interests. Given the regulatory environment, execution of the latter is a complex matter. Considerable research has been undertaken to formulate a structure to achieve this objective and management are now appropriately placed to take this forward. In the opinion of the Board, having embarked upon the execution of the aforementioned strategy improved distribution growth is anticipated for 2013.









13-Feb-2013
(Official Notice)
SA Corp unitholders were advised that the Fund has concluded a general repurchase of 70 823 498 SA Corp units, which represent 3.45 % of the issued units of the Fund, on the open market of the JSE Limited ("JSE") ("the general repurchase"). The general repurchase was effected in accordance with the general authority granted by SA Corporate unitholders at the annual general meeting held on 18 May 2012 to repurchase up to 20% of the Fund?s issued units in this financial year ("the general authority").



Implementation

The general repurchase of the 70 823 498 units commenced on 10 December 2012 and continued on a day-to-day basis as market conditions allowed. Details are as follows:

*Number of units repurchased -- 70 823 498

*Value of units repurchased -- R265 475 698.54

*Highest price paid per unit -- R3.8200

*Lowest price paid per unit -- R3.4908

*Average price paid per unit -- R3.7559

*The number and percentage of units which may still be repurchased by the Fund in terms of the general authority -- 339 359 804 (16.55%)

*Total units in issue as at the date of this announcement -- 1 980 093 014



Source of funds

The general repurchase of 70 823 498 units has been funded from available cash resources.



JSE listing

Applications have been made to the JSE to cancel 11 927 435 units repurchased in 2012, of which 10 866 557 units were cancelled on 3 January 2012. The remaining 58 896 063 units will be held as treasury units and will be cancelled at a later date.
28-Dec-2012
(Official Notice)
In compliance with the JSE Listings Requirements, SA Corp unitholders are advised that the Fund has entered into a repurchase programme to repurchase SA Corp units ("units") which commenced prior and will continue during its closed period. The closed period commences on 1 January 2013 and ends on or about 22 February 2013, when SA Corp's financial results are scheduled to be released on SENS. In terms of the repurchase programme, a mandate has been entered into with a single agent who has the authority to repurchase up to a maximum of 70 823 354 units which commenced on 10 December 2012.



Any repurchases will be effected within certain pre-set parameters within the limits of the programme and the JSE Listings Requirements.
14-Dec-2012
(Official Notice)
SA Corp unitholders were advised that the Fund has entered into an agreement with Old Mutual Life Assurance Company (South Africa) Ltd. ("OMLACSA"), dated 13 December 2012 ("date of signature"), in terms of which SA Corporate will acquire the property known as the PWC Musgrave Building, consisting of Portion 1 of Erf 2253, Portion 2 of Erf 2253, Portion 9 of Erf 2253, Portion 10 of Erf 2253, Portion 11 of Erf 2253 and the Remainder of Erf 2252 total in extent approximately 2 178m? held under title deed T57474/2008 and situated at 102 Stephen Dlamini Road, Durban, KwaZulu-Natal together with the improvements thereon ("the Property"). The total purchase price for the Property is R65 million ("the Purchase Price"). The acquisition will become effective upon transfer of the Property which is expected to take place during the first quarter of 2013.



Funding of the acquisition

The purchase price will be settled in cash.



Small related party transaction

As SA Corp and OMLACSA have a common asset manager, Old Mutual Property (Pty) Ltd. ("OMP") and further, as OMLACSA is an associate of OMP as contemplated in terms of the JSE Ltd. ("JSE") Listings Requirements, the acquisition is a "small related party" transaction in terms of the JSE Listings Requirements. SA Corporate have therefore appointed an external independent valuer, Yield Property Solutions (Pty) Ltd., trading as Yield Property Valuers ("the Valuer"), who have valued the Property at an amount of R65.9 million as at 1 March 2013. The valuation report is available for inspection at SA Corp's registered office for a period of 28 days from the date of this announcement. Based on the value of the property arrived at by the Valuer, the directors of SA Corp Fund Managers are of the opinion that the terms and conditions of the Acquisition are fair to SA Corp unitholders.



Conditions precedent

The acquisition is subject to, inter alia, the following conditions precedent:

*the obtaining of the relevant regulatory approvals, to the extent required; and

*due diligence investigation within 21 business days from date of signature.
07-Dec-2012
(Official Notice)
SA Corp unitholders are advised that Gerhard Van Zyl has resigned as Managing Director of SA Corporate. Rory Mackey currently Chief Operating Officer and alternate director to Gerhard, has been appointed to the position of Managing Director with effect from 6 December 2012. Gerhard will stay on as a non-executive director on the Board of SA Corp. Furthermore, he will consult to the Fund and will assume the chairmanship of the Investment Committee when the incumbent retires at the next AGM.
19-Sep-2012
(Official Notice)
Further to the announcement dated 25 July 2012, SA Corporate unitholders are advised that Mr Kenneth John Forbes, an independent non-executive director of SA Corporate, has been appointed as a member of the Risk, Audit and Compliance Committee with immediate effect until such time as the appointment of a permanent Chairman of SA Corporate has been finalized and Mr John Biesman-Simons reverts back to Chairman of the Risk, Audit and Compliance Committee.
05-Sep-2012
(Official Notice)
Unitholders are advised that Coronation Asset Management (Pty) Ltd (Coronation Asset Management), has notified SA Corporate that it has acquired a beneficial interest in units of the Fund, such that the total beneficial interest of SA Corporate units held by Coronation Asset Management is now 5.19% of the total issued SA Corporate securities. This announcement is for information purposes only.
20-Aug-2012
(C)
Revenue for the interim period decreased to R604.7 million (2011: R605.8 million) whilst operating income lowered to R305.3 million (2011: R322.4 million). Consequently, income attributable to unitholders decreased to R220 million (2011: R390 million). In addition, headline earnings per unit shrunk to 13.18cpu (2011: 15.52cpu).



Distribution

The Board declared an interim distribution of 15.17cpu (June 2011: 14.35cpu).



Prospects

Business conditions remain very tight and, even taking into account the possible positive spin-offs of the reduction in the repo rate announced by the SA Reserve Bank (''SARB'') recently, are expected to remain tight for the foreseeable future. This is a result of the fact that the world economy is barely growing due to, inter alia, the European crisis which seems to be far from over and, although it appears as if Greece have managed to pull back from disaster, there is evidence that there are similar problems in Italy and Spain. In addition, the US economy remains sluggish and SARB has reduced its forecast for the South African GDP growth.



In spite of this, there are signs that vacancies are coming down and there are indications that rentals are growing, albeit at a pedestrian pace. This growth is evident in the industrial portfolio which has been performing well and is expected to continue to do so. In contrast to this, the retail portfolio in Gauteng remains under pressure. On the positive side, there are signs that the retail portfolio in KwaZulu-Natal has turned the corner and it is expected that it should perform to expectations.



Although the Fund is expecting an improved performance from the property portfolio, it is anticipated that the relatively high volume of sales out of the portfolio which have not yet been countered by acquisitions, will continue to have a negative effect on distribution growth. In spite of this, the Board is of the opinion that the Fund should be able to deliver positive growth in distributions for the full year.
25-Jul-2012
(Official Notice)
SA Corp unitholders are advised that Mr Kevin Roman has resigned as chairman and director of SA Corporate Estate Fund Managers Ltd., SA Corp's management company, with immediate effect. SA Corp announced that Mr John Biesman-Simons, currently a non-executive director of SA Corp, has agreed to stand in as chairman with immediate effect until a permanent appointment is made.



As a result of his temporary appointment as Chairman, Mr Biesman-Simons will also step down as Chairman of the Risk, Audit and Compliance Committee with immediate effect. Mr Ebrahim Seedat, currently an independent non-executive director of SA Corporate, will be appointed as Acting Chairman of the aforementioned committee with immediate effect.



As part of the process of strengthening the management team of SA Corp, Mr Rory Mackey has been appointed as the Chief Operating Officer (COO) and Alternate Director to Mr Gerhard van Zyl, Managing Director of SA Corporate.
21-Jun-2012
(Official Notice)
Unitholders were referred to the cautionary announcements released on SENS on 25 April and 11 June 2012 by SA Corporate, as well as all other announcements made by SA Corporate relating to Capital Property Fund's unsolicited and non-binding expression of interest ("EOI") in acquiring all the assets of SA Corporate and the proposal to settle the manager of SA Corporate ("Manco") for its loss of asset management revenue in the event of the envisaged acquisition. Manco is controlled by Old Mutual Property (Pty) Ltd. ("OMP").



The board of Manco formed an independent sub-committee ("the sub-committee"), which together with its advisors has considered the EOI. The sub-committee has resolved not to pursue the EOI. The sub-committee has also been informed by OMP that it too has considered the EOI in detail and has elected not to pursue the disposal of its interest in Manco. SA Corp's unitholders are therefore advised that they are no longer required to exercise caution when dealing in SA Corp's units.
11-Jun-2012
(Official Notice)
Further to the cautionary announcement dated 25 April 2012 ("initial cautionary") and subsequent updates released on SENS on 8 and 14 May 2012 and 5 June 2012, unitholders are advised that in line with the JSE Listings Requirements the initial cautionary is renewed and, accordingly, unitholders are still required to continue exercising caution when trading in SA Corp's units until a further announcement has been made.
05-Jun-2012
(Official Notice)
Unitholders are referred to the voluntary announcement released on SENS on 4 June 2012 by Capital Property Fund ("CPL") as well as the previous announcements made by SA Corp relating to CPL's unsolicited and non-binding expression of interest ("EOI") in acquiring all the assets of SA Corp. SA Corp has formed an independent sub-committee which, together with its advisors, is considering SA Corp's options regarding the approach by CPL. SA Corp is currently meeting with major unitholders to update them on the work being performed by SA Corp regarding the EOI and the recent appointment of Gerhard van Zyl as MD of SA Corp with effect from 1 June 2012. Consequently SA Corp is not in a position to provide comments in relation to any aspect of CPL's proposal at this time. SA Corp will keep unitholders informed of any new developments and a further announcement regarding the EOI will be made in due course. Accordingly, unitholders are advised to continue to exercise caution when trading in SA Corp's units until a further announcement has been made.
21-May-2012
(Official Notice)
SA Corp unitholders are advised that, at the voluntary annual general meeting of SA Corp held at the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands on 18 May 2012, all the resolutions were passed by the requisite majority of shareholders present or represented by proxy with the exception of resolution 2.3 to elect any other director duly nominated. This resolution was withdrawn as no other nominations from the unitholders were received.



Resignation from the board of directors

SA Corp unitholders are advised that Mr Wayne van der Vent has resigned as non-executive director of SA Corporate Real Estate Fund Managers Ltd. with effect from 18 May 2012. Mr Van der Vent was previously a unitholder nominated director but remained on the board following his resignation from the Public Investment Corporation, the Fund's largest unitholder in August 2011.
14-May-2012
(Official Notice)
Unitholders are advised that Mr Len van Niekerk has resigned as managing director of SA Corporate Real Estate Fund Managers Ltd., SA Corp's management company, with immediate effect. Len has decided to pursue other opportunities. SA Corp announced that they have secured the services of Mr Gerhard van Zyl, former CEO of Vukile Property Fund Ltd., to lead SA Corp.



Further update to cautionary announcement

SA Corp unitholders are further referred to the announcements released on SENS on 25 April and 8 May 2012 and informed that SA Corp has formed an independent sub-committee of the board of directors to assess the approach from Capital Property Fund, to which they will revert in due course. Accordingly, unitholders are advised to continue to exercise caution when trading in the Fund's units until a further announcement has been made.
08-May-2012
(Official Notice)
Unitholders were referred to the cautionary announcements released on the SENS on 25 April 2012 by SA Corp and Capital Property Fund ("CPL") as well as the subsequent voluntary announcement by CPL on 2 May 2012 relating to CPL's expression of interest in acquiring all the assets of SA Corporate.



SA Corp confirms that an unsolicited approach by way of an expression of interest letter has been received from CPL to acquire the assets of SA Corp, however at this stage no exclusivity has been granted nor has any agreement been reached between the parties in any form. Accordingly, unitholders are advised to continue to exercise caution when trading in the fund's units until a further announcement has been made.
25-Apr-2012
(Official Notice)
Unitholders are advised that SA Corp has entered into discussions which, if successfully concluded, may have an effect on the price of SA Corp's units. Accordingly, unitholders are advised to exercise caution when trading in SA Corp's units until a further announcement has been made.
13-Apr-2012
(Official Notice)
30-Mar-2012
(Official Notice)
Further to SA Corp's reviewed final results and distribution declaration for the year ended 31 December 2011 that was published on 22 February 2012 ("the SENS announcement"), the integrated annual report was posted on 30 March 2012. The annual financial statements contain some adjustments to the SENS announcement.



Voluntary annual general meeting

Unitholders are advised that the voluntary annual general meeting of SA Corporate will be held at 10h00 on Friday, 18 May 2012 in the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of the voluntary annual general meeting forming part of the integrated annual report.
22-Feb-2012
(C)
Revenue for the year ended increased to R1.235 billion (2010: R1.182 billion). Operating income rose to R653.1 million (2010: R641 million), but total comprehensive income attributable to unitholders plummeted to R442.2 million (2010: R866.1 million). Furthermore, headline earnings per unit improved to 30.08cpu (2010: 27.98cpu).



Distribution announcement

The board declared a distribution amount of 14.48cpu for the year.



Prospects

Strategy implementation is gaining ground, but the uncertainty of timing relating to the transfer of contracted but conditional disposals amounting to R492 million, potential new disposals and acquisitions makes establishing the outlook for distribution growth in 2012 challenging. Improving the quality of the portfolio and sustainability of income growth has entailed material disposals, and reinvestment (much of which has been defensive) and weighed on short-term distribution growth. Net property income growth expectations in the standing portfolio of 5-7% pa in each of the next 3 years reflect the positive impact of past investment and disposals. SA Corp has embarked on establishing a Domestic Medium Term Note programme that should lower the interest rate at which SA Corp can borrow and increase flexibility. Overall, the distribution in 2012 is unlikely to be better than the current year.
21-Feb-2012
(Official Notice)
Musa Ngcobo and his alternate, Nicholas Corbishley, have resigned as directors of SA Corporate Real Estate Fund Managers Ltd, SA Corp's management company, with immediate effect.
13-Feb-2012
(Official Notice)
SA Corp unitholders are referred to the announcement released on SENS on 21 November 2011 regarding the acquisition of Portion 42 of Stand 59, Gosforth Park Extension 4 situated Silverstone Road, Raceway Industrial Park, Gosforth Park, Gauteng ("the property") ("the acquisition"), also known as LG Electronics and City Couriers. As set out in the aforementioned announcement, the acquisition of the property was subject to certain conditions precedent, one of which was the satisfactory completion of a due diligence investigation by SA Corp. Despite an extension for the completion of the due diligence investigation, SA Corp was unable to complete the due diligence investigation to its satisfaction and, as a result thereof, the agreement entered into for the acquisition has lapsed and is of no further force or effect.
21-Nov-2011
(Official Notice)
10-Nov-2011
(Official Notice)
01-Nov-2011
(Official Notice)
SA Corp unitholders were advised that, Ms Ipeleng Mkhari has resigned as non- executive director of SA Corporate Real Estate Fund Managers Ltd due to business commitments.
03-Oct-2011
(Official Notice)
SA Corporate unitholders are advised that Amelia Beattie has resigned as an alternate non-executive director of SA Corporate Real Estate Fund Managers Ltd, SA Corporate's management company, following her resignation from Old Mutual Property (Pty) Ltd.
19-Aug-2011
(C)
Revenue for the interim period increased to R605.8 million (2010: R573.5 million). Operating income rose to R322.4 million (2010: R315 million), while total comprehensive income attributable to unitholders grew to R390.2 million (2010: R349.1 million). Furthermore, headline earnings per unit climbed to 15.52cpu (2010: 14.58cpu).



Distribution

A distribution amounting to 14.35cpu and has been declared out of earnings.



Prospects

The board believes that the fund could deliver distribution growth of between 1% and 3% in financial year 2011. Rental growth in the retail portfolio is expected to be muted while tough trading conditions persist compounded by large increases in tenants' electricity expenses. The fund's quality industrial portfolio is expected to continue to produce pleasing results. Capital expenditure and prudent repairs and maintenance will improve asset quality and income sustainability but comes at the cost of short-term distribution growth. Disposal proceeds from higher yielding but volatile assets will also be directed towards high quality less risky, but initially lower yielding assets. The investment strategy coupled with additional appropriately structured gearing should place the fund on a path to sustainably produce distribution growth in line with the sector over the medium term.
16-Aug-2011
(Official Notice)
SA Corp unitholders were advised that Mr B M Kodisang had resigned as managing director of Old Mutual Property (Pty) Ltd ("Old Mutual Property"), the asset manager of SA Corporate, to take up a new role within Old Mutual Emerging Markets. Mr P Levett, cluster head and chief operating officer of Old Mutual Investment Group South Africa (Pty) Ltd ("OMIGSA"), has been appointed as acting managing director of Old Mutual Property until a successor is appointed. Mr Kodisang's role at SA Corp will however remain unchanged and he will continue as a non-executive director on the board of SA Corp.
17-May-2011
(Official Notice)
SA Corp unitholders are advised that, at the annual general meeting of SA Corp held at the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, all the resolutions were passed by the requisite majority of shareholders present or represented by proxy.
31-Mar-2011
(Official Notice)
Unitholders were advised as follows:



Annual report

Further to SA Corp's reviewed final results and distribution declaration for the year ended 31 December 2010 that was published on 18 February 2011 ("the SENS announcement"), the annual report was posted on 31 March 2011. The annual financial statements contain some adjustments to the SENS announcement.



Voluntary annual general meeting

Shareholders are advised that the annual general meeting of SA Corp will be held at 10:00 on Tuesday, 17 May 2011 in the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
18-Feb-2011
(C)
Revenue increased to R1.182 billion (2009: R1.091 billion), while net profit attributable to unitholders soared to R852 million (2009: R115 million). Furthermore, headline earnings per unit rose to 27.98cpu (2009: 26.48cpu).



Dividend

Notice was given of the declaration of distribution no. 32 in respect of the income distribution period 1 July 2010 to 31 December 2010. The distribution amounts to 14.18cpu.



Prospects

The fund is expected to show sustainable positive distribution growth for 2011. The good performance of the industrial portfolio and expected gradual take-up of vacant retail and office space is partially offset by the rebasing of rentals, rising municipal expenses and short term impact of quality enhancing capital expenditure. The use of increased gearing and disposals for reinvestment and high quality acquisitions, in particular but not limited to large industrial properties, will continue to improve the portfolio's quality. The focus on expiring leases, reducing vacancies and management of property expenses will underpin efficient operations that together with asset management initiatives will support sustainably higher distribution growth over the medium term.
17-Feb-2011
(Official Notice)
SA Corporate unitholders are referred to the announcement dated 22 October 2010 regarding the appointment of Ms. Antoinette Basson as CFO until such time as a new FD is appointed. SA Corporate unitholders are advised that subject to the regulatory approvals being obtained, Ms. Basson has been appointed as Financial Director to SA Corporate with immediate effect.
22 Oct 2010 16:02:19
(Official Notice)
SA Corporate unitholders are advised that Zaida Adams has resigned as Financial Director of SA Corporate following her resignation from Old Mutual Investment Group Property Investments (`OMIGPI`) to pursue another opportunity. OMIGPI performs the asset management, property management and group secretarial function for SA Corporate Real Estate Fund Managers Limited, the Fund`s management company.



Unitholders are further advised that Antoinette Basson, a Chartered Accountant currently employed as Financial Manager at OMIGPI, has been appointed as Chief Financial Officer on a temporary basis until such time as a new Financial Director has been appointed in compliance with rule 3.84 of the JSE Limited Listings Requirements. The above resignation is effective from 22 October 2010 and Ms Adams will be leaving OMIGPI on 30 November 2010.

20 Aug 2010 10:22:43
(C)
Revenue for the interim period was higher at R592 million (2009: R558 million) . Net profit attributable to unitholders increased to R334 million (2009: R146 million) . Weighted headline earnings per unit was slightly lower at 14.58cps (2009: 14.72cps) .



Dividend

An interim dividend of 14.24 cents per share was declared.



Prospects

Management expects a recovery of the economy, lower vacancies underpinned by refurbishments, stable arrears and the lower interest rate environment will result in the fund displaying positive distribution growth for the full 2010 year and thereafter.
20 Aug 2010 09:16:11
(Official Notice)
SA Corporate Real Estate Fund Managers announce the appointment of Robert John Biesman-Simons as an independent, non-executive director as well as the Chairman of the Risk, Audit and Compliance Committee effective from 19 August 2010.

24 May 2010 12:55:33
(Official Notice)
SA Corporate unitholders were advised that, at the annual general meeting of SA Corporate held at the Colosseum meeting room, Property on Fifth, Mutual Park, Pinelands, all the resolutions were passed by the requisite majority of shareholders present or represented by proxy. The elected unitholder nominated directors are Mr Wayne van der Vent and Mr Ken Forbes, who are both current directors.



Changes to the board of directors

SA Corporate unitholders are advised of the following changes to the board of SA Corporate Fund Managers:

* Mr Kevin Roman, who is currently an independent non-executive director, has been appointed as independent chairman of SA Corporate Fund Managers with effect from 20 May 2010.

* Mr Ben Kodisang, will remain on the board of SA Corporate Fund Managers as a non-executive director.



Furthermore, SA Corporate unitholders are advised of the following additional changes to the board of SA Corporate Fund Managers:

* Ms Gugulethu Dingaan, who is currently an alternate director to Ms Louisa Mojela, has been appointed as an independent non-executive director with effect from 20 May 2010;

* Ms Louisa Mojela has resigned as an independent non-executive director with effect from 20 May 2010;

* Mr John Swain has retired as an independent non-executive director with effect from 24 May 2010; and

* Mr Mike Groves has retired as an independent non-executive director with effect from 24 May 2010.
12 May 2010 11:37:35
(Official Notice)
Shareholders are referred to the announcement released on SENS on Thursday, 6 May 2010, advising of the postponement of the voluntary annual general meeting which will now be held at 10:00 on Monday, 24 May 2010 in the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of AGM forming part of the SA Corporate annual report. Notice in this regard has been sent to all shareholders.



Further to the announcement, shareholders are advised that the notice of AGM and the form of proxy have not been amended and shareholders should therefore use this documentation for voting at the AGM. Duly completed forms of proxy must be lodged at the registered office of the Fund or the transfer secretaries at the addresses as set out in the form of proxy by no later than 10:00 on Thursday, 20 May 2010.
06 May 2010 10:13:38
(Official Notice)
Further to SA Corporate's reviewed final results and distribution declaration for the year ended 31 December 2009 that was published on 19 February 2010, the annual report was posted on 30 April 2010. The annual financial statements contain no modifications to the aforementioned reviewed results.



Shareholders are advised that due to a delay in the posting of the SA Corporate annual report, the annual general meeting of SA Corporate has been postponed and will now be held at 10:00 on Monday, 24 May 2010 in the Colosseum Meeting Room, Property on Fifth, Mutual Park, Pinelands, Cape Town to transact the business as stated in the notice of the annual general meeting forming part of the annual report. The necessary notification will be send to each shareholder.
19 Feb 2010 17:05:21
(C)
Revenue increased to R1.1 billion (R1 billion). Net attributable profit rose to R145.9 million (loss of R522.8 million). In addition, headline earnings per unit fell to 26.41cplu (30.10cplu).



Distribution

A distribution of 13.24cplu was declared.



Outlook

Disposals, the unit buy back programme and the refurbishment of properties is expected to yield encouraging results in the medium term in line with the fund's strategy of improving the sustainability and quality of property earnings. The fund is expected to show sustainable positive distribution growth from 2010 onwards, however the first six months to June 2010 are likely to reflect the effects of a challenging market with a more distinct improvement in the second half of 2010.
21 Dec 2009 13:41:45
(Official Notice)
SA Corp unitholders are advised that the fund has entered into an agreement with Old Mutual Life Assurance Company (South Africa) Ltd ("OMLACSA"), dated 10 December 2009, in terms of which SA Corp will acquire portion 112 of the farm Driefontein no 85 IR, Stand 227, Hughes Extension four and portion one of stand 52, Hughes Extension four, situated in Rudo Nel street, Boksburg, Gauteng together with the improvements thereon measuring approximately 30 299m squared ("the property") and known as the Old Mutual Triangle Warehouse ("the acquisition"), for a total purchase price of R208.5 million ("the purchase price"). The acquisition will become effective upon transfer of the property which is expected to take place during the first quarter of 2010.



Funding of the acquisition

The consideration for the property will be settled in cash.



Small related party transaction

As SA Corp and OMLACSA have a common asset manager, Old Mutual Investment Group Property Investments (Pty) Ltd ("OMIGPI") and further, that OMLACSA is an associate of OMIGPI as contemplated in terms of the JSE Ltd ("JSE") listings requirements, the acquisition is a "small related party" transaction in terms of the JSE listings requirements. SA Corp have therefore appointed an independent registered valuer, Africa Corporate Real Estate Solutions (Pty) Ltd ("the valuer"), who have valued the property at an amount of R209.5 million as at 30 November 2009. The valuation report is available for inspection at SA Corp's registered office for a period of 28 days from the date of this announcement. Based on the value of the property arrived at by the valuer, the directors of SA Corp fund managers are of the opinion that terms and conditions of the acquisition are fair to SA Corp unitholders.



Conditions precedent

The acquisition is subject to, inter alia, the following conditions precedent:

*the obtaining of the relevant regulatory approvals, to the extent required

*Competition Commission approval.
04 Dec 2009 10:30:10
(Official Notice)
SA Corporate unitholders are advised that Old Mutual Investment Group Property Investments (Pty) Ltd has been appointed as the new company secretary of SA Corporate Real Estate Fund Managers Ltd with effect from 3 December 2010. Marriott Property Services (Pty) Ltd have resigned as company secretary on the same date.
08 Sep 2009 15:50:52
(Official Notice)
SA Corporate unitholders are advised that Mr Colin Young has resigned as a non- executive director of SA Corporate following his resignation from Old Mutual Investment Group Property Investments performs the asset management, property management and group secretarial function for SA Corporate Real Estate Fund Managers Ltd, the Fund's management company. The above resignation is effective from 7 September 2009.
24 Aug 2009 09:30:54
(C)
Net profit attributable to unitholders decreased from R306 million to R300 million in 2009. Weighted headline earnings per unit grew to 14.72cps (13.51cps).



Distribution per share

An interim dividend of 14.45 cps was declared for the period under review.



Prospects

Necessary capital expenditure to maintain the condition and lettability of the properties will be income dilutive in the short term, but will significantly improve the quality and sustainability of future income growth. Asset disposals are expected to be greater than capital expenditure on retained assets and selective acquisitions, which together with the unit price trading at a significant discount to NAV, will see the fund continue to pursue unit buybacks and alternative debt structures. The implementation of the fund strategy in addition to an expected recovery in the economy and more effective leasing and debt collections is likely to bear fruit, the full impact of which is not expected to be felt in the current year. To maintain 2008 distributions in the current year will be a challenge.
26 Jun 2009 14:53:03
(Official Notice)
Mr Len van Niekerk has been appointed as managing director of SA Corporate Real Estate Fund Managers Ltd, SA Corporate's management company, following the resignation of Ms Mariette Warner. Ms Warner's resignation, for personal reasons, is effective from 25 June 2009.
22 May 2009 14:50:33
(Official Notice)
SA Corporate unitholders are referred to the announcement dated 1 April 2009 regarding Old Mutual Investment group property investments' decision to internally restructure its fund management operations through the creation of a centralized fund management team in Cape Town. Further to this, SA Corporate unitholders are advised that the following directors have resigned as executive directors of the board of directors of SA Corporate:

*Mr C J Ewin.

*Ms L C Tapping.

*Mr R R Perkin.

*Mr A P W Sparks.

In addition unitholders are advised that, subject to the required regulatory approvals being obtained:

*Ms M Warner has been appointed as the managing director of the fund

*Ms Z Adams has been appointed as the financial director of the fund.

The above appointments and resignations are effective from 21 May 2009 and will result in a smaller board comprising a majority of independent, non-executive directors.
24 Apr 2009 11:28:28
(Official Notice)
Shareholders are advised that, at the annual general meeting of SA Corporate held at the registered office of the company on 23 April 2009, all the resolutions were passed by the requisite majority of shareholders. Shareholders are also advised that no nominations were received for ordinary resolution 2.3 relating to the election of any other director duly nominated.
02 Apr 2009 08:34:13
(Official Notice)
Further to SA Corp's reviewed final results and distribution declaration for the year ended 31 December 2008 that was published on 23 February 2009, the annual report was posted on Thursday, 2 April 2009. The annual financial statements contain no modifications to the aforementioned reviewed results. The annual report is available on the fund's website www.sacorp.co.za.



Voluntary annual general meeting

The voluntary annual general meeting of SA Corp will be held at 10:00 on Thursday, 23 April 2009 in The Conference Room, Marriott at Kingsmead, Kingsmead Office Park, Durban to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
01 Apr 2009 15:13:48
(Official Notice)
In line with its commitment to superior investment performance, Old Mutual Investment Group Property Investments has embarked on a realignment of its structure to its growth strategy. A key component of the growth strategy, to achieve assets under management of R100 billion by 2015, is the creation of a centralized fund management team in Cape Town which is the domicile of much of the investor community and of major retail organizations who are important role-players in property. The centralisation of fund management is fundamental to enhancing focus on performance for fund investors as each team will be focused on driving investment performance only for the funds they manage.



The board of SA Corp, where fund investment performance has been below expectations, indicated its support for this strategy insofar as it affected the fund. As a consequence of the restructure the executive directors and other senior management of the fund who are based in Durban have declined to relocate to Cape Town. In the interest of a smooth transition, Old Mutual Property Investments and the departing management team have reached agreement on a handover period of between three and six months and the current executive directors will continue as directors until further notice.



Colin Young has been appointed as the new fund management executive for Old Mutual Property Investments and he will be responsible for managing the SA Corp transition team until new management is in place. A support team which draws on the depth of skills within Old Mutual Property Investments reporting to Colin Young, is in place, as is a recruitment process to take over key roles within the transition team in the short term. Unitholders of SA Corp will be informed regarding the appointment of incoming management in due course.
01 Apr 2009 15:10:30
(Official Notice)
SA Corp is managed by SA Corporate Real Estate Fund Managers Ltd ("the management company"). The management company is a subsidiary of Old Mutual Investment Group Property Investments (Pty) Ltd ("OMIGPI"). In terms of contractual arrangements with the management company OMIGPI undertakes the fund management of SA Corp. OMIGPI has embarked on a realignment of its structure and decided to internally restructure its fund management operations through the creation of a centralized fund management team in Cape Town ("the restructure").



As a consequence of the restructure the executive directors and other senior management of the fund who are based in Durban have declined to relocate to Cape Town. In the interest of a smooth transition, OMIGPI and the departing management team have reached agreement on a handover period of between three and six months and the current executive directors will continue as directors until further notice. Unitholders will be informed regarding the appointment of incoming management in due course.
23 Feb 2009 10:25:04
(C)
Distributable earnings for the twelve months amounted to R627 million (R619 million, which included R44 million one off income). This equates to a distribution of 29.75c per unit for the 12 months under review. The distribution for the previous year was 32.0c and included a once off amount of 2.4c relating to the SA Retail Properties Ltd acquisition. Due to worse than anticipated market conditions, the distribution for 2008 is 2.7% behind the circular forecast of 30.57c per unit. The net loss attributable to unitholders results from the write off of the R1 billion goodwill and a R229 million downward revaluation of properties, which do not affect distributions. SA Corp's portfolio comprises 190 properties.



Prospects

Property investment and rental markets are likely to be challenging during the course of 2009 and the extent to which the breadth and depth of the global economic crisis will take hold domestically, is yet unknown. Further aggressive cutting of local interest rates will be important in terms of both stemming business failures and improving consumer confidence - two key factors for commercial property. A strategy to improve the quality of SA Corporate's property portfolio and earnings is in place and is being actively pursued. Core property earnings will be strongly influenced by leasing activity and the extent to which tenant failure occurs. Based upon current indications, modest growth in distributions is expected. Property as an asset class, with its relatively predictable, high income return offers investors tangible benefits, especially in uncertain times.
29 Oct 2008 17:04:28
(Official Notice)
21 Oct 2008 15:26:55
(Media Comment)
SA Corp's potential R1.25 billion deal to acquire a 12.5% stake in six regional shopping malls owned by Old Mutual Property Group could trigger a positive re-rating, according to Finweek. It is hoped that the deal will boost sentiment towards the share. Coronation Fund Manager Anton de Goede says that the acquisition "will improve SA Corp's portfolio quality".
10 Oct 2008 16:35:34
(Official Notice)
25 Aug 2008 08:44:41
(C)
The industrial component of the property portfolio has continued to perform well in a firm industrial property market, underpinned by low vacancies and good demand for modern, well located facilities. Similarly the office portfolio, although small in the context of the total portfolio, has performed satisfactorily. The retail portfolio, however, is under pressure in challenging conditions, influenced by a variety of factors impacting on consumer spend and letting of space. SA Retail Properties Ltd, including the Sharemax portfolio, was acquired with effect from 19 April 2007, and the bulk of the Buffcol properties were transferred in the fourth quarter of 2007. Net income from these investments is only included in net profit from the effective date of each transaction. Distributable earnings for the six months amount to R306 million (2007: R276 million). Weighted net profit per unit was reported at 22.29c (2007: 42.27c).



Dividends

The distribution of 14.50 cents per unit for the 6 months under review is in line with management?s expectations for the period.



Prospects

The industrial and office letting markets are expected to remain buoyant. However, the more difficult retail trading conditions are expected to continue over the short to medium term and may adversely influence turnover rentals, rental renewal levels, vacancies and bad debts in the Fund?s retail centres. This, together with the higher cost of debt funding, is expected to impact on the Fund?s performance, albeit not materially.
24 Apr 2008 13:50:37
(Official Notice)
Industrial developments costing R330 million, including additional facilities for existing tenants, Bell Equipment and Supply Chain Services, are under way in Johannesburg and Cape Town for SA Corp, the country?s third largest listed property fund.
24 Apr 2008 12:05:25
(Official Notice)
Shareholders are advised that, at the annual general meeting of SA Corp held at the registered office of the company today, all the resolutions were passed by the requisite majority of shareholders.
24 Apr 2008 09:15:46
(Official Notice)
On 6 March 2007 it was announced that the Wipken Trust would acquire 194 384 846 units in SA Corporate. As a consequence of the fall in the listed property index and a lower SA Corporate unit price, the ownership of the Wipken Trust has passed to the funders of the Trust. SA Corporate, as a property unit trust, governed by the Collective Investment Schemes Control Act, was, and remains, legally constrained from providing financial assistance to sustain the transaction. SA Corporate remains committed to BEE transformation principles. Ms LM Mojela and Mr MM Ngcobo have indicated their willingness to continue as directors and to assist the fund with its transformation objectives. The transfer of the Wipken Trust's unitholding in SA Corporate does not impact on the assets, borrowings or the underlying fundamentals of the Fund.



The SA property market remains well supported in terms of tenant demand, low vacancies and rising building costs, underpinning market rental growth. SA Corporate owns a large geographically and sectorally diversified portfolio of retail, industrial and commercial properties. Risk to the current interest rate cycle is mitigated by a debt to asset ratio of less than 10%, which is almost entirely at fixed funding rates. At its current unit price of 294c per unit, SA Corporate is trading at a comparably high historic yield of 10.9% and at a discount of 17% to its independently verified net asset value at 31 December 2007.
01 Apr 2008 15:41:52
(Official Notice)
Further to SA Corp's reviewed final results and distribution declaration for the year ended 31 December 2007 that was published on 25 February 2008 ("the results"), the annual report has been posted on Tuesday, 1 April 2008. Due to the additional disclosure of units issued to vendors of R3 404 511 in the cash flow statement contained in the annual report, the "net cash flows from investing activities" and the "net cash flows from investing activities" totals have changed to (R2 173 642) and R2 199 162 respectively in comparison to those set out in the results. The disclosure of units issued to vendors has had no further impact on the financial information contained in the results and therefore, no further material modifications have been made to the financial information contained in the annual report in comparison to the results.



Voluntary annual general meeting

The voluntary annual general meeting of SA Corp will be held at 10:00 on Thursday, 24 April 2008 in The Conference Room, Marriott at Kingsmead, Kingsmead Office Park, Durban to transact the business as stated in the notice of the annual general meeting forming part of the annual report.
01 Apr 2008 12:23:21
(Official Notice)
SA Corp is boosting its exposure to the office market through two transactions, worth R170 million, in Durban and Bloemfontein.
01 Apr 2008 08:25:51
(Media Comment)
Business Report noted that SA Corp has increased its exposure to the office market with the acquisition of two complexes in Bloemfontein and Durban. The acquisitions totalled R170 million.
25 Feb 2008 07:38:58
(C)
Revenue rose to R735.4 million (R472.1 million) for the year to 31 December 2007. Net profit attributable to unitholders increased to R1.1 billion (R875.9 million). Nevertheless, headline earnings fell to 29.71 per unit (39.23 per unit).



Distribution

A final ordinary dividend of 15 per unit has been declared.



Prospects

The industrial component is expected to perform well as positive upward reversions are likely when leases expire during 2008. The current economic environment including increased interest rates are, however, likely to impact on the retail sector and SA Corp's cost of funding. Notwithstanding the above, management continue to support the distribution forecast for 2008 as per the circular dated 28 March 2007.
31 Jul 2006 17:38:27
(Official Notice)
It is proposed that the current name, Martprop Property Fund, be changed to SA Corporate Real Estate Fund in order to reflect the future strategy of the Fund and to align with international trends. This name change is subject to Registrar of Collective Investment Schemes and JSE approval. Unitholders will be informed in due course of the dates of the proposed name change and the timing of the dispatch of a circular, which will contain full details of the name change and a form of surrender to be completed by certificated unitholders. It is proposed that Marriott Property Fund Managers Ltd, the Fund's management company, change its name to Old Mutual Corporate Real Estate Fund Managers Ltd. This change is subject to Registrar of Collective Investment Schemes and Registrar of Companies approval. Unitholders will be advised when the necessary approvals for the proposed changes of name have been obtained.
31 Jul 2006 17:36:50
(Official Notice)
The year end of the Fund has been changed from 31 July to 31 December. As a result of this, second interim results for the six months ended 31 July 2006 will be published on or about 25 August 2006. Further to this, results for the 17 month period ending 31 December 2006 will be published in February 2007. The timing of the payment of distribution no.23 for the period 1 February 2006 to 31 July 2006 will remain unaffected by the change in year end and will be declared when the second interim results are published and paid during September 2006. Distribution no.24 will be for the five month period 1 August 2006 to 31 December 2006 and will be declared in February 2007 and paid during March 2007 while distribution no.25 will be for the six month period 1 January 2007 to 30 June 2007.
12 Jul 2006 10:40:56
(Official Notice)
Martprop announced the resignation of three directors from the board of Marriott Property Fund Managers Ltd, the management company of the fund, with effect from 7 July 2006. Following the effective transfer of ownership of the management company from the Marriott Group to Old Mutual Property Group, Tony Ardington and Mick Hyatt and their alternate, Mike Mun-Gavin, have been replaced by Ben Kodisang, Colin Young and Michael Anderson, respectively, as non-executive directors.
11 Jul 2006 18:01:31
(Official Notice)
Martprop announced the following changes to its board:

*the resignations of Messrs Tony Ardington, Mick Hyatt and their alternate Mike Mun-Gavin; and

*the appointments of Messrs Ben Kodisang, Colin Young and Michael Anderson, respectively, as non-executive directors.

In addition, Martprop unitholders are also advised that Exchange Sponsors have been replaced with immediate effect by Nedbank Capital as Martprop's sponsor.
19 May 2006 16:31:45
(Official Notice)
Unitholders are referred to the cautionary announcement issued by Martprop on 3 May 2006. The discussions referred to therein have been terminated and therefore cease to have any relevance or effect on the Fund. Caution is therefore no longer required to be exercised by unitholders when dealing in the fund's securities.
03 May 2006 09:52:16
(Official Notice)
Martprop has entered into discussions, which, if successfully concluded, may have a material effect on the price at which Martprop's securities trade on the JSE. Accordingly, unitholders are advised to exercise caution when dealing in the fund's securities until a further announcement is made.
23 Feb 2006 14:21:41
(C)
Buoyed by the much improved fundamentals in the local property market, vacancies in the portfolio declined to 1% of the total lettable area and the industrial portfolio is currently fully let. Net rental income rose to R121.2 million (R103.8 million). Interest received dropped to R2.3 million (R3.9 million) with interest paid increasing to R10.5 million (R7.6 million). Net profit decreased to R199.8 million (R200.8 million) with headline earnings per linked unit, prior to straight line rental adjustments, growing to 12.66c (12.43c).



Distribution

A distribution of 12.5c per linked unit was declared for the period. The last date to trade is 16 March 06 and the payment date is 27 March 06.



Prospects

With the base of the rentals in the portfolio now substantially in line with market and, on the assumption that conditions in the local economy and direct property market continue, management expects the property portfolio to generate distribution growth in the 2007 financial year in the order of 8%.
10 Feb 2006 17:29:55
(Official Notice)
Martprop has re-negotiated its debt facility with Nedbank, which has given rise to significantly improved rates as well as access to increased funding capacity. With effect from 1 November 2005, the interest rate on variable rate debt will drop from prime less 1.5% to prime less 2.3%. The cost of fixed rate funding will be at an all-in margin of 1.3% over the elected base rate. Martprop currently has no fixed rate debt and will review this position once the level of borrowings reaches 15% of the fund's portfolio value. The company advised that the facility has also been extended to R750 million, which can be drawn against to the extent that the legislated limitation of 30% loan to asset ratio applicable to PUT's is not breached.
07 Oct 2005 11:54:51
(Official Notice)
Martprop, on 7 October 2005, posted to unitholders its audited annual financial statements for the financial year ended 31 July 2005. The fund is not publishing an abridged report at this date because the reviewed financial information published on 26 August 2005 is unchanged. The annual general meeting of Martprop was held on 31st October 2005.
23 Sep 2005 15:14:45
(Permanent)
The 2005 and 2004 financial results have been adjusted in terms of SAICA`s circular 7/2005.
25 Aug 2005 17:21:27
(C)
12-Jul-2017
(X)
SA Corporate is one of the oldest established property companies in the market and it continues its traditional diverse investment in industrial, retail and commercial property primarily in the major metropolitan centres of South Africa, with a secondary node in Zambia. In addition to these sectors, SA Corporate invested in the AFHCO Group, an innovative residential, retail and commercial property company located in Johannesburg inner-city. With a portfolio comprising 179 properties covering a total of 1.4 million square metres of lettable space, SA Corporate?s portfolio is independently valued at R15.0 billion.


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