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More detail on Rebosis-Delta merger needed

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It makes sense for Delta, which has a relatively low LTV of 44.3% to rescue Rebosis Property Fund, with an LTV of 60%

Rebosis Property Fund is likely to be taken over by Delta Property Fund and not the other way around.

Two of the original black-owned and managed property groups to list on the JSE released financial results in the past week, which painted pretty different pictures of the future.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, Morningstar financial data, and digital access to the Sunday Times and Times Select.

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