Grit sees investment opportunities worth R8.6bn

Grit CEO Bronwyn Corbett says the group is well-placed for growth. Picture: SUPPLIED

At the end of December 2018, the company’s property portfolio and other income-producing assets were valued at $796.4m. “We are well-placed with an excellent platform for growth and we look forward to capitalising on a significant and growing pipeline of investment opportunities that the company has currently identified,” said CEO Bronwyn Corbett.

Grit wants its loan-to-value ratio to reduce to between 35% and 40% over the medium term, from 43.4% at the end of December 2018.

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BUSINESS MAVERICK: Bullion’s current tear offers scant golden opportunity for South African producersBullion’s spot price is on the up, hitting six-year highs on the prospect of lower US interest rates and rising tensions between Washington and Tehran — a winning combination for gold bulls. South African producers of the precious metal should see rising profits as a result, but there is no golden opportunity for an industry in a serious state of decline. And the ultimate costs to the South African economy may be high, given that Donald Trump’s actions are helping to propel gold’s run.
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