Rebosis withholds final dividend to prepare for possible Delta merger
In deciding not to declare a final dividend, Rebosis considered gearing levels, pressure on valuations and the current engagement on the merger
28 October 2019 - 12:32
UPDATED 28 October 2019 - 18:24
Mthatha-born businessman Sisa Ngebulana’s Rebosis Property Fund said the weak economy had hit its tenants so hard it could no longer pay a final dividend this year.
The group, whose share price has fallen 87% in 2019, has battled to grow rentals and is trying to sell some of its assets to bring down its debt levels relative to its asset base...
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