Investors are eager to discover how Resilient Reit will better use resources it had allocated for an African expansion that has been put on ice because of low economic growth and restrictive economic policies. The company wanted to build a slew of shopping centres in Nigeria in a joint operation with retail group Shoprite. But experts on the ground in Nigeria could not justify spending money in Africa’s most populous country while the state there continued with antibusiness policies. "We have been unable to spend the money which we’ve raised in Nigeria. The … policies related to currency control are not conducive to investing for us," said MD Des de Beer. Market commentators have speculated that North America would be a good fit for Resilient given that it is already exposed to western and eastern Europe and that Australia is highly priced at present. De Beer has said before that he was working on a deal on a continent where Resilient had not had a significant presence in the past. ...
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