Resilient REIT’s CEO Des de Beer says it's business as usual at the real estate company and its related companies, "despite the latest attempt to discredit" it and its partners. De Beer founded Resilient and helped to build NEPI Rockcastle, Fortress Income Fund and Greenbay Properties. They hold share stakes in one another. There is speculation that these companies are the subject of a report by Viceroy, an offshore research house. A fake Twitter account was created on Thursday, purporting to represent De Beer but it was promptly deleted by the social media company after the real-estate investment trust (Reit) complained. The opening of the fake social media account comes just over a week after Resilient’s share price crash . Resilient’s share price closed 7.3% lower on January 10, and then plunged as much as 22% on January 11 before closing 4.4% lower. Resilient's shares were sold in anticipation of the report. De Beer said the company was nevertheless on track to meet its dividend...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.