Mega malls up for sale in Rebosis business rescue

  • 📰 Moneyweb
  • ⏱ Reading Time:
  • 33 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 77%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

‘The business rescue process intends to rectify the loan-to-values as far as possible. It’s essential to sell properties at the best value possible ...’ says Jacques du Toit of RebosisProperty on PropertyPod with SurenNaidoo. Download the podcast below

You can also listen to this podcast on iono.fm here. Rebosis Property Fund, the first major black-owned real estate investment trust [Reit] to list on the JSE over a decade ago, is in business rescue. It was founded by property entrepreneur Sisa Ngebulana. However, Ngebulana is no longer involved at executive level, or as a major shareholder.

Rebosis’s sombre results On the latest episode of The Property Pod, we are speaking to Jacques du Toit of DTB Business Rescue, one of the joint business rescue practitioners [BRPs] of Rebosis Property Fund. DTB Business Rescue is working with Genesis Corporate Solutions on the Reit’s business rescue plan. We had hoped to also get Rebosis’s current CEO Otis Tshabalala on the pod, but unfortunately he couldn’t make it. Highlights of Du Toit’s interview appear below.

R114m puts Ngebulana back on top as largest Rebosis shareholder Listen to the full episode here. You can also listen to previous episodes of The Property Pod here.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 5. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

Emerging market mobile money transactions to top $2-trillion by 2027 - TechCentralA new study by Juniper Research has found that the total value of mobile money transactions in emerging markets will reach $2-trillion by 2027.
La source: TechCentral - 🏆 8. / 71 Lire la suite »

Tax woes force Ascendis Health subsidiary into business rescueGroup warned in March that Surgical Innovations was in a VAT dispute with Sars
La source: BDliveSA - 🏆 12. / 63 Lire la suite »