Oryx sees 11% growth in distributions.

(From Business Day (South Africa))

Byline: Nick Wilson

Oryx sees 11% growth in distributions ORYX Properties, which is listed on the Namibian Stock Exchange and has a significant South African shareholding, said on Friday its distributions for the year to June had surged 11% to 78c a linked unit. Nick Harris, CEO of JSE-listed property loan stock company Ambit Properties, which owns 30% of Oryx, said the results compared favourably with the distribution growth from the South African listed property.

The recent results from the South African listed property sector have reflected positive double digit growth in distributions. Harris said Oryx, which …