South Africa's Growthpoint Properties said on Wednesday its half-year distributable income rose by 1.3%, but warned that growth is expected to be muted in 2023 due to the uncertainty in the global macro-economic environment.

Growthpoint said its distributable income per share, the primary measure of underlying financial performance in the listed property sector, rose to 77.9 cents in the six-months to Dec. 31 from 76.9 cents a year earlier. (Reporting by Nqobile Dludla; Editing by Himani Sarkar)