The latest Investing Matters Podcast episode featuring financial educator and author Jared Dillian has been released. Listen here.

Less Ads, More Data, More Tools Register for FREE
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPO
Chris Heminway, Exec-Chair at Time To ACT, explains why now is the right time for the Group to IPOView Video
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plant
Stephan Bernstein, CEO of GreenRoc, details the PFS results for the new graphite processing plantView Video

Latest Share Chat

Pin to quick picksSouth African Property Opportunities Share News (SAPO)

  • There is currently no data for SAPO

Watchlists are a member only feature

Login to your account

Alerts are a premium feature

Login to your account

South African Property Opportunities To Sell African Renaissance Project

Tue, 28th Jul 2015 12:09

LONDON (Alliance News) - South African Property Opportunities PLC Tuesday said it has agreed to sell the African Renaissance Project for ZAR70 million.

The ZAR70 million is a 27% discount to the current carrying value of the property, South African Property Opportunities said.

"This discount reflects the difficult macro-economic conditions prevailing in South Africa coupled with protracted delays of electrical supply and an unresolved land claim on the African Renaissance property," the company said.

All excess cash will be returned to shareholders as soon as possible, the company added.

By Samuel Agini; samagini@alliancenews.com; @samuelagini

Copyright 2015 Alliance News Limited. All Rights Reserved.

More News
18 May 2018 16:21

Polemos Appoints John Tracy As Non-Executive Director

LONDON (Alliance News) - Polemos PLC said Friday it appointed John Treacy as Non-Executive Director with immediate effect.Concurrently, Non-Executive Directors Spencer Wilson and Daniel the

Read more
11 May 2018 12:05

South African Property Makes Board Changes As Trading On AIM Resumes

LONDON (Alliance News) - South African Property Opportunities PLC said Friday it has made several changes to its board as it shares are readmitted to trading on the AIM market of the London Stock

Read more
2 May 2018 13:44

South African Property Opportunities Shares Temporarily Suspended (ALLISS)

LONDON (Alliance News) - The London Stock Exchange said Wednesday that trading in shares of investment company South African Property Opportunities PLC has been temporarily suspended on AIM last a

Read more
27 Apr 2018 16:57

South African Property Non-Exec Director Stephen Coe Steps Down

LONDON (Alliance News) - South African Property Opportunities PLC said Friday Non-Executive Director Stephen Coe has resigned with immediate effect for personal reasons.Non-Executive David

Read more
24 Apr 2018 11:02

Investors In South African Property Opportunities Oppose Wind-Up Plans (ALLISS)

LONDON (Alliance News) - South African Property Opportunities PLC said Tuesday that investors holding a 81% stake were prepared to vote against proposals to de-list and wind-up the firm in early -

Read more
3 Apr 2018 11:45

South African Property Opportunities Planning To Voluntarily Wind-Up

LONDON (Alliance News) - South African Property Opportunities PLC confirmed on Tuesday it is to seek shareholder approval to voluntarily liquidate the company.On last a

Read more
29 Mar 2018 10:28

WINNERS & LOSERS SUMMARY: C4X Shares Double On Indivior Licensing Deal

LONDON (Alliance News) - The following stocks are the leading risers and fallers within the main London indices on Thursday.----------FTSE 100 - WINNERS----------Wm Morrison

Read more
29 Mar 2018 10:11

South African Property Shares Sink As It Plans Cancellation From AIM (ALLISS)

LONDON (Alliance News) - South African Property Opportunities PLC on Thursday said it intends to propose the winding-up of the company shortly after the unsuccessful attempt a

Read more
6 Jan 2017 14:35

South African Property Opportunities making capital return

(ShareCast News) - South African Property Opportunities confirmed on Friday that a return of capital of 7.25p per ordinary share will be paid to shareholders. The company said this "represented the cash proceeds available for distribution from the portfolio realisations to date". The distribution c

Read more
23 Dec 2016 10:03

WINNERS & LOSERS SUMMARY: PayPoint Sale And Special Payout Lift Shares

Read more
23 Dec 2016 09:03

South African Property Opportunities Offloads Remainder Of Portfolio

Read more
24 Mar 2016 11:23

South African Property Opportunities Net Assets Fall In Half

Read more
21 Dec 2015 15:03

South African Property Opportunities Sees Challenges For Six Assets

Read more
21 Dec 2015 10:39

Worsening rand a problem for SAPRO

(ShareCast News) - The South African rand played a smaller part in South African Property Opportunities' losses for the financial year, but the group still saw asset value decline in its results posted on Monday. SAPRO declared an operating loss of £6.147m for the year ended 30 June, widening from t

Read more

Login to your account

Don't have an account? Click here to register.

Quickpicks are a member only feature

Login to your account

Don't have an account? Click here to register.