NEPI Rockcastle welcomes the conclusion of the investigation by the Financial Sector Conduct Authority (FSCA) relating to allegations of market abuse.

The PwC investigation commissioned in November last year by the Special Subcommittee of the board of directors of Fortress REIT Ltd (JSE: FFA and FFB), has found no conclusive evidence to confirm any of the allegations made against the Company or its Management in respect of market manipulation or insider trading and in respect of undue related party benefits or wrongdoing in historic property transactions.

Stakeholders’ attention is drawn to the announcement issued on 6 May 2019 by South Africa’s Financial Services Conduct Authority.

The Subcommittee of the Board of directors of Fortress REIT Ltd (JSE: FFA and FFB), which was set up on September 6 last year to review allegations made against the company and certain past and current directors, is making solid progress in delivering on its mandated scope of work.

In an effort to create an efficient City, the City of Joburg engaged with property owners and managers, investigating the feasibility of implementing managed lanes within the Joburg Inner City.

Most Popular

Sectional Title Trustees and Homeowners Association directors face COVID-19 liability

May 22, 2020
Marina_Constas_BM_Law
The Covid-19 pandemic and South Africa’s lockdown regulations are impacting all aspects…

Deeds office reopen their doors to the public

May 09, 2020
Carlize Knoesen
The Department Agriculture, Land Reform and Rural Development has announced the reopening…

Dipula drops vacancies by almost 30% and concludes R370m new leases for 29 Feb 2020 interim results

May 18, 2020
Izak_Petersen_mdos3o
South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced…

2020 Commercial Property Outlook –Why Property Price/Valuations Indices don’t tell the full story of market weakness during a deep recession

May 09, 2020
John LoosFNB
In a downturn, Property Market Values can deviate dramatically from the market…

Development to bring residents closer to economic activities

May 19, 2020
Lindiwe Sisulu
Human Settlements, Water and Sanitation Minister, Lindiwe Sisulu, has declared 136…

Please publish modules in offcanvas position.