Debt-ridden Rebosis opts for business rescue, suspends trading of its shares on the JSE

  • 📰 BDliveSA
  • ⏱ Reading Time:
  • 20 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 11%
  • Publisher: 63%

Canada News News

Under an experienced business rescue practitioner, the company believes a return to sustainability may be achievable

Financially stressed Rebosis Property Fund has gone into business rescue, where it will implement a turnaround plan in a bid to preserve the company in the long term.

In a Sens announcement on Friday, the company cited rising interest rates as one of the main reasons for applying for the protection...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

I'm just here to show my appreciation to the man who got me on utta poverty I am very happy to be amount your winning team sir' and I will always show my gratitude and work with you always JamesAlderson0

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Rebosis enters business rescue; suspends trading on the JSEReal estate investment trust (Reit) RebosisProperty has entered into business rescue following the board’s decision that the group is financially distressed in terms of the Companies Act, 71 of 2008. Moneyweb PropertyNews NDL_ndumeey
Source: Moneyweb - 🏆 5. / 77 Read more »

Mall owner Rebosis enters voluntary business rescue, suspends shares on the JSE | Fin24Rebosis says it is 'financially distressed' by several issues, including the rising interest rates, escalating municipal taxes and public sector tenants that continuously pay their rent late. Fin24 I'm just here to show my appreciation to the man who got me on utta poverty I am very happy to be amount your winning team sir' and I will always show my gratitude and work with you always JamesAlderson0 Fin24 Ohh boy Fin24 What happened here CoruscaKhaya ?
Source: News24 - 🏆 4. / 80 Read more »

Business Maverick: China adds 1 trillion yuan more of stimulus to rescue growthThe Asian super power has stepped up its economic stimulus with a further 1 trillion yuan (R2.466-trillion) of funding largely focused on infrastructure spending, support that likely won’t go far enough to counter the damage from repeated Covid lockdowns and a property market slump.
Source: dailymaverick - 🏆 3. / 84 Read more »