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A further result was foreign shareholding rising to 25% of total shares in
issue, as at 30 June 2015.
Top 15 shareholders
%
Government Employees Pension Fund
13.9
STANLIB
5.3
Old Mutual
4.9
Vanguard
3.3
Investec
3.1
MMI Holdings Limited
2.8
Investment Solutions
2.6
Eskom Pension and Provident Fund
2.6
Prudential
2.3
BlackRock
2.3
Government of Singapore Investment Corporation
2.2
Sanlam
2.0
Yerranzano Property Investments Limited
2.0
Absa
1.8
Public Investment Corporation
1.7
Outlook
Our focus on owning quality shopping centres, catering for middle
to higher-income consumers, is demonstrating the resilience of our
growth strategies.
Against low forecasts for economic growth in South Africa, trading
conditions are expected to remain constrained in the new financial
year. In line with a proven strategy, Hyprop will maintain its leading
position by focusing on the quality of its core portfolio, disposing of
non-core assets and maintaining our prudent debt management. Given
the maturity of the shopping centre market in South Africa, we will
also continue to explore emerging market opportunities to strengthen
our solid pipeline.
Against this background, we forecast growth in distributions of around
10% for the financial year ahead.
Appreciation
I thank our board members for their wise counsel and support. Equally,
my appreciation goes to our executive team and all our employees for
their dedication and hard work, as well as our loyal service providers
and tenants for their continued support.
Pieter Prinsloo
Chief executive officer
11
Hyprop Investments Limited
Integrated Report 2015