Octodec Investments, the diversified real estate investment trust founded by the Wapnick family, has opted not to declare an interim dividend, citing uncertainty about how the Covid-19 pandemic is likely to evolve.
The market reacted negatively, sending the shares down 12% to R7 on the JSE on Wednesday morning, marking its worst one-day decline since mid-February. The shares are back to their lowest level in a year...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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