South African black-owned property fund Dipula aims to list on the Johannesburg Stock Exchange this year as part of a fundraising plan as it expands locally, a senior executive said on Tuesday.
The listing will be in the short term, probably in the course of this year, Izak Petersen, an executive at the firm, told Reuters.
Dipula, which has assets in excess of 1.4 billion rand, was created through the merger of two black-owned property funds.
Real estate firm Redefine Properties and fund manager Redefine International hold stakes in Dipula.
The company has not yet decided on the amount of capital it wants to raise on the bourse, but that may be determined by a number of property portfolios it will buy, Peterson said.