About this report

Hyde Park Corner, Johannesburg
Hyde Park Corner, Johannesburg


This integrated report covers the activities of Hyprop Investments Limited for the financial year ended 30 June 2015, and follows a similar report for the year ended 30 June 2014.

Hyprop continues to provide a comprehensive view of the company in one integrated report, with supplementary information on our website. This report identifies and explains the material economic, social, governance and environmental issues facing the group and their impact. We regard this report as a valuable opportunity to engage with our stakeholder groups and respond to issues raised. The report should enable stakeholders to evaluate Hyprop’s ability to create and sustain value over the short, medium and long term.

Scope and boundary

The reporting on our sustainability initiatives covers the group holding company and shopping centres in our sub-Saharan Africa portfolio (including South Africa).

Material changes to the size, structure or ownership of the group during the year included the sales of non-core assets: CapeGate Lifestyle Centre, CapeGate Value Centre and Stoneridge. Effective 1 July 2014, all investments in sub-Saharan Africa (excluding South Africa) are held through Hyprop Investments Mauritius, a wholly owned subsidiary.

Reporting principles

The annual financial statements were prepared in accordance with International Financial Reporting Standards (IFRS), the SAICA Financial Reporting Guides issued by the Accounting Practices Committee and Financial Reporting Pronouncements issued by the Financial Standards Council, the JSE Limited Listings Requirements and the South African Companies Act 2008. Accounting policies applied in preparing these financial statements are consistent with those applied in the audited financial statements for the prior financial period.

Canal Walk, Cape Town
Canal Walk, Cape Town

Hyprop has applied many of the recommendations in the International Integrated Reporting Committee’s 2013 framework. We have also considered and applied, where practical, the latest guidelines and disclosure standards of the Global Reporting Initiative (GRI G4).

In this reporting period, Hyprop compiled its second submission to the Carbon Disclosure Project (CDP), a voluntary and comprehensive international benchmark on environmental reporting, and its second submission to the Global Real Estate Sustainability Benchmark (GRESB).


As detailed on our website, the board has considered matters deemed material to the business of Hyprop and its stakeholders, and addressed issues that:

Have significant direct short, medium and long-term financial impacts
Are agreed strategic policy items
Are peer-based norms
Are considered social norms, as indicated by current and likely future regulations, and institutionalised norms and standards.


Hyprop’s external auditors, Grant Thornton, have audited the financial statements for the year ended 30 June 2015. Their unqualified audit report is available here. The scope of the audit was limited to information in the financial statements. In line with best practice, we take a combined view of our assurance activities to ensure all material aspects are covered.

Board approval

The audit committee acknowledges its responsibility on behalf of the board to ensure the integrity of the Hyprop integrated report 2015. The committee has reviewed the report and believes it appropriately and sufficiently addresses all material issues, and fairly presents the integrated performance of Hyprop, its subsidiaries, joint ventures and associates for the period, within the scope set out above.

The board has approved this integrated report.

Pieter Prinsloo
Chief executive
  Laurence Cohen
Financial director
  Lindie Engelbrecht
Audit committee

Forward-looking statement

This integrated report contains forward-looking statements that, unless otherwise indicated, reflect our expectations as at 30 June 2015. Actual results may differ materially from the group’s expectations if known and unknown risks or uncertainties affect its business, or if estimates or assumptions prove inaccurate. The group cannot guarantee that any forward-looking statement will materialise and, accordingly, readers are cautioned not to place undue reliance on these statements. The group assumes no obligation to update or revise any forward-looking statement if new information becomes available, other than as stipulated by the JSE Listings Requirements.

Contact point

We welcome your feedback on this report. Please direct this to: Viki Jane Watson, Investor relations, +27 11 447 0090 or investorrelations@hyprop.co.za


Registration number: 1987/005284/06
2nd Floor, Cradock Heights, 21 Cradock
Avenue, Rosebank, 2196
PO Box 52509, Saxonwold, 2132
Tel: +27 11 447 0090
Fax: +27 11 447 0092
Website: www.hyprop.co.za


The interactive graph tool allows you to compare data for various elements over the last 5 years. You are able to choose data from the "Five year financial review tables.

start tool

Use the following link to view the E-Book.

view e-book