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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 key operating indicators tabled below as at
30 September 2011:
31 December 30 June 2011 30 September
2010 6 months 2011
12 months 9 months
Bonds approved awaiting 394 431 382
registration
Submitted deals awaiting bond 351 353 257
approval
Deals registered in the period 468 215 392
Houses under construction (excl 269 215 158
finals list)
Equivalent houses completed * 379 268 432
* "Equivalent houses completed" takes into account houses under construction at
the beginning of the period, registrations during the period and houses under
construction at the end of the period. It represents the number of equivalent
houses actually completed during the period.
As at 30 September 2011, 382 bond applications were approved and are awaiting
registration. RBA is awaiting a response in respect of 257 applications for end
user finance that have been submitted to various financial institutions. This
has declined from 353 at 30 June 2011 due to the fact that a clean out of
applications was undertaken, with qualifying clients` applications for end user
finance being resubmitted to various financial institutions for approval.
The construction of 152 rental units in Protea Glen has commenced in early
October 2011 with funding provided by the National Housing Finance Corporation.
The equivalent houses completed during the 9 month period ended 30 September
2011 has exceeded the number completed in the twelve month period ended 31
December 2010 as a result of increased production activity during the period.
The group anticipates that 700 stands will be transferred to clients for the
year to 31 December 2011.
25 October 2011
Johannesburg
Designated Advisor
Exchange Sponsors
Date: 25/10/2011 08:33:28 Produced by the JSE SENS Department.
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