SA Corporate Real Estate to appoint a new chair
Chair Jeff Molobela has been removed by the struggling company’s board
14 June 2019 - 17:58
Struggling property group SA Corporate Real Estate’s board is on the hunt for a new chair after Jeff Molobela was removed by a majority of the company’s board.
The company, whose largest shareholders include the Government Employees Pension Fund (GEPF), Prudential, Stanlib and Allan Gray, has struggled to deliver dividend growth in a weak economic environment and fund managers have said its diversified investment strategy has disappointed recently...
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