Rand Merchant Bank Holdings , which is now property-focused after unbundling its FirstRand holding, says it is still grappling with a glut in SA's property market, which could delay plans to unlock value for shareholders.
Releasing its results for the nine months to end-March, RMH said it was too soon to tell if confidence was returning even after a “meaningful recovery” for SA’s battered property stocks, with many companies still prioritising debt reduction through asset sales...
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SA property market is oversaturated, says RMHRMH said it was too soon to tell if confidence was returning even after a “meaningful recovery” for SA’s battered property stocks 🔒
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Leisure-focused stocks feel pressure as SA enters level 4 lockdownShares of hotel operators and restaurants came under some strain as their embattled industries enter a fourth alcohol sales ban
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