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March 1, 2011
Two new BEE property funds set for 2011
Cape Town, 1 March 2011 - Two new property funds run by black-owned management companies will get under way in 2011 with backing from Old Mutual Investment Group Property Investments (OMIGPI).
Firstly, Neo Africa Properties (Pty) Ltd is developing a fund of commercial properties leased to the government that will meet the Department of Public Works' broad-based black economic empowerment (BBBEE) policy for ownership.
Posted by StaffWriter at March 1, 2011 9:41 AM