Western Cape-focused Trematon Capital Investments, which has private education and property interests, saw a decline in its intrinsic net asset value (INAV) per share in the six months to end-February, and the group is bracing for the fallout from Covid-19.

The primary measure of shareholder value in the group is INAV, which declined to 510c at the end of February, from 521c at the end of its year to end-August...

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