Redefine Properties – one of the country’s biggest real estate groups with R94.1 billion in assets under management and R60 billion of which is in South Africa – reports in its half-year results that net diesel costs had a 1.5% impact on its earnings. It is the latest group to highlight the impact of load shedding and SA’s power crises on its business and ESG goals.
Most commercial property landlords expect load shedding to worsen Dips declined to 23.91 cents , while DPS came in at 20.32c, compared to 23.69c for the comparative half year in 2022. “The board has declared a cash dividend of 20.32 cents per share for the six months ended 28 February 2023,” the group highlighted in its Sens short-form release.
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