When your biggest shareholders demand a new, clear strategy, perhaps a company that has struggled to gain any traction in recent years should listen?

You would expect the affected company to want to move heaven and earth to turn its fortunes around. Not so, in the case of SA Corporate Real Estate, which has really disappointed in recent results seasons. The company certainly believes it is on the correct path, with its chair of the past six years, Jeff Molobela, adamant that SA Corporate does not need to change its strategy.Shareholders such as Prudential and Allan Gray disagree, saying the company's investment strategy has not paid off. Its share price has been battered as a result. So far this year, the stock is down almost 20%. In March, it reported a 6% decline in dividends to 42.22c for the year to December due to negative rental reversions across its portfolio. At issue is a struggling office and industrial portfolio with a high vacancy factor. The company has been tryin...

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