Inner-city property owner Octodec Investments declared an interim dividend on Tuesday but didn’t provide guidance for second-half earnings and distributable income because of the uncertain political climate and weak economic growth.
With SA’s economic growth expected to be less than 2%, together with the war in Ukraine and the Covid-19 pandemic, the real estate investment trust expects little growth in rental income with rising inflation increasing its costs and squeezing net property income...
Business Business Latest News, Business Business Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Business Travel rebounds as execs choose (Real) face time over ZoomCompanies are reporting more trips, proving doomsayers from the pandemic’s darkest days wrong.
Source: SundayTimesZA - 🏆 47. / 51 Read more »