Property-focused RMB Holdings says SA’s relatively-slow vaccine rollout and negative sentiment towards local property stocks could delay their recovery from Covid-19, further warning this could also delay its plans to unlock value for shareholders.
Investor caution towards listed property companies has put pressure on their loan-to-value ratios, with a number moving to sell assets, prompting oversupply, RMH said during the release of results for the six months to end-December...A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Sunday Times Daily.
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