It holds a +40% stake in SA Retail, which is involved in negotiations now with SAC where SAC will acquire 100% SAR; Hyprop, in the meantime, has done a deal with the PIC to acquire it's reultant stake in SAC for +R1bn cash; this leaves HYP with little or no debt, interests in the highest quality retail centres throughout the country, available resources for new developments and a balance sheet that is clean. It can gear up to around R2bn / R2.5bn in the future.....