BUSINESS DAY TV: Delta targets solid balance sheet
Delta Property Fund CEO Sandile Nomvete takes BDTV through full-year results
Sandile Nomvete is Delta Property Fund CEO BUSINESS DAY TV: Delta Property Fund which is mainly in the government leased office space has reported a 7.1% rise in total distribution to 97.24c in the year to the end of February. That’s compared to a year ago. CEO, Sandile Nomvete joins us in the studio now to take us through more of the detail. Thanks so much Sandile for your time today. So you have this sovereign underpin to your portfolio, it’s a handle that Vukile Property Fund has let go of saying it’s just too risky in the current climate. So what’s the appeal? How are you making this work for you because its 76.4% of revenue that’s coming from that arena? SANDILE NOMVETE: Going back, we’ve been listed now on the JSE for the past four and a half years, it will be five years this November, so we’ve basically carved out a very unique niche for ourselves and it’s certainly not an easy area to operate out of. Vukile’s not alone and there are others that we’ve basically befitted from ...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
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.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.