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Mega malls up for sale in Rebosis business rescue

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‘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.

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