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WATCH: Why Rebosis plans to sell most of its retail portfolio
Rebosis CEO Sisa Ngebulana talks to Business Day TV about the company’s change of strategy
12 July 2019 - 09:48
Rebosis Property Fund’s share price plunged by almost 67% in the first half of the year as it dealt with high debt levels, a poor performance by UK mall owner New Frontier Properties and difficulties in renewing government leases.
As a result, the group has decided to sell most of its retail properties in an effort to deleverage. ..
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