Only politics can lead to economic turnaround, Redefine says
One of SA’s biggest landlords expects distribution growth of about 4% in its year to end-August 2020 as political uncertainty continues to subdue economy
04 November 2019 - 08:41
Redefine Properties, one of SA’s biggest landlords, expects about 4% distribution growth in its year to end-August 2020, amid few signs that political solutions to SA problems such as unreliable electricity or policy uncertainty are in the offing.
The company met its distribution guidance of 4% growth for its year to end-August, and expects similar growth in 2020 amid a lack of clarity on contentious political issues, such as land expropriation without compensation, the National Health Insurance (NHI) and prescribed assets...
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