Golden Section Capital

Golden Section Capital is a private international investment, specialist independent equity research, and corporate finance consulting services provider focussing on real estate and infrastructure. 

Paid for corporate research on Real Estate and Infrastructure companies. Plus independent pieces on various real estate companies and themes.

Golden Section Equity Research

Managing Director, Golden Section Capital

Garreth Elston

Managing Director

Thematic (Sector/Industry)

Romania Real estate / Thematic (Sector/Industry)

<ul>
<li>The SA listed property sector's 4.38% total return in July was driven by specific corporate updates and events, not a broad market updraft.</li>
<li>The month was dominated by the battle for MAS plc. A bloc of institutional investors, holding over 17% of the company, requisitioned a second EGM to overhaul the board.</li>
<li>The month's headline macro news came right at the end of the month, with a 25-basis point repo rate cut by the SARB.</li>
</ul>


The SA listed property sector's 4.38% total return in July was driven by specific corporate updates and events, not a broad market updraft.
The month was dominated by the battle for MAS plc. A bloc of institutional investors, holding over 17% of the company, requisitioned a second EGM to overhaul the board.
The month's headline macro news came right at the end of the month, with a 25-basis point repo rate cut by the SARB.


SA Listed Property Review July 2025