The proposed merger of BEE property funds Delta and Rebosis will be delayed by at least a month while the two finalise a plan meant to help their respective businesses survive.
The companies, which have each seen their share prices lose about 90% of their value in 2019, announced on August 6 that they were in talks to combine forces and tackle a weak economic environment, poor vacancies and high debt levels, but they have not released any details on their proposed marriage yet...
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.