RBA
RBA
RBA - RBA Holdings Limited - Operational update
RBA Holdings Limited
(Incorporated in the Republic of South Africa)
(Registration number: 1999/009701/06)
(JSE code: RBA ISIN: ZAE000104154)
("RBA" or "the group")
OPERATIONAL UPDATE
The group is experiencing an improvement in its operational activities and
wishes to update shareholders on the position as at 2 June 2011.
389 bond applications are approved and are awaiting registration. RBA is
awaiting a response in respect of 397 applications for end user finance that
have been submitted to various financial institutions.
The Birchacres ext 44 project, comprising of 238 opportunities, is now
registrable and the first batch of deals has been lodged in the deeds office.
In the light of this project and the Bram Fischerville and Devland projects
which continue to run smoothly, RBA expects to register between 700 and 800
deals during the 2011 financial year.
The National Housing Finance Corporation has agreed to finance the building of
152 affordable housing units for rental in Protea Glen, Soweto. This follows
RBA`s successful completion of 176 rental units in Protea Glen two years ago,
which are currently fully tenanted.
21 June 2011
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 21/06/2011 17:33:01 Produced by the JSE SENS Department.
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