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October 5, 2007

Building strength - Large property firms are setting up BEE-controlled property funds

The listed property sector is developing black-owned enterprises to meet its black economic empowerment (BEE) requirements.

In the past year four black-controlled property funds have been set up by listed property funds Redefine, ApexHi, Hyprop and CBS. If things go according to plan, these could one day rival their principals on the JSE trading floor.

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Posted by StaffWriter at October 5, 2007 8:56 AM