Financially stressed Rebosis Property Fund has gone into business rescue, where it will implement a turnaround plan in a bid to preserve the company in the long term.
In a Sens announcement on Friday, the company cited rising interest rates as one of the main reasons for applying for the protection...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.
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Rebosis enters business rescue; suspends trading on the JSEReal estate investment trust (Reit) RebosisProperty has entered into business rescue following the board’s decision that the group is financially distressed in terms of the Companies Act, 71 of 2008. Moneyweb PropertyNews NDL_ndumeey
Source: Moneyweb - 🏆 5. / 77 Read more »
Mall owner Rebosis enters voluntary business rescue, suspends shares on the JSE | Fin24Rebosis says it is 'financially distressed' by several issues, including the rising interest rates, escalating municipal taxes and public sector tenants that continuously pay their rent late. Fin24 I'm just here to show my appreciation to the man who got me on utta poverty I am very happy to be amount your winning team sir' and I will always show my gratitude and work with you always JamesAlderson0 Fin24 Ohh boy Fin24 What happened here CoruscaKhaya ?
Source: News24 - 🏆 4. / 80 Read more »
Business Maverick: China adds 1 trillion yuan more of stimulus to rescue growthThe Asian super power has stepped up its economic stimulus with a further 1 trillion yuan (R2.466-trillion) of funding largely focused on infrastructure spending, support that likely won’t go far enough to counter the damage from repeated Covid lockdowns and a property market slump.
Source: dailymaverick - 🏆 3. / 84 Read more »