DELTA Africa will soon announce the acquisition of its first properties in Botswana and Ghana, in a deal worth $257m.The company said on Friday its dividend growth for the year to June was expected to be between 3% and 6% from the previous year.It will be the largest pan-African property fund on the JSE, with more than R6.5bn worth of assets, when its merger with Mara Diversified Property Holdings is completed.It will then be known as Mara Delta.Delta Africa’s board said it was confident that the company would achieve distribution growth of between 3%, or 11.63 US cents per share, and 6%, or 11.95c per share, for the financial year ended June 30, when compared with the distribution for the financial year ended-June 30 last year, or 11.28c per share.CEO Bronwyn Corbett said the company would soon announce the details of acquisitions in Botswana and Ghana.Ms Corbett said Delta Africa was facing less competition from South African funds in Africa, while some economies in Africa, such a...
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