Intu Properties, which was unbundled from Donald Gordon’s Liberty International in 2010, saw more than R2bn, or a fifth of its market value erased on the JSE on Wednesday after a trading statement warned its rental income growth would slow.

The company, which owns 17 malls in the UK and three in Spain, said it expected like-for-like rental income for its 2019 financial year to December fall 9%...

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