While the COVID-19 third wave and severe social unrest have hampered sentiment, Redefine Properties says it has trimmed down and simplified it’s local and offshore property platforms, resulting in the de-risking of its balance sheet and providing it with sufficient liquidity to position the company for exciting new opportunities and a potential resumption of paying dividends.
A decade ago, few of us would have contemplated the idea of negative monetary policy rates, let alone negative market-determined bond yields.
Delta Property Fund, a specialist black-managed and substantially black-owned REIT with a significant sovereign underpin said that it will apply to the JSE for the reinstatement of trade in its shares on the main board of the exchange, following the publication of its half-year results for the six months ended 31 August 2020.
In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans.
Investec Property Fund, (“IPF”, or “the Fund”) today announced a resilient set of results, with the full year reflecting the impact of the COVID-19 pandemic which brought with it unprecedented socio-economic and market conditions, economic weakness and uncertainty in the business environment.
Rebosis Property Fund, today reported better than expected interim results for the six months ended 28 February 2021.
It’s been over a year since the pandemic-induced stock market meltdown and since South Africa entered hard lockdown, and it is time to look back and examine what this period has taught us as an industry.
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