Delta Property Fund, the listed real-estate investment trust (Reit) that gets 80% of its annual revenue from government tenants, is in a fight for its future.

It is drowning in debt and needs to sell assets quickly so that it can raise cash to see it through the rest of 2021. The group’s  current liabilities exceed its assets by R4.1bn. ..

BL Premium

This article is reserved for our subscribers.

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.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now