Irked shareholders vote against Rebosis’ pay policy
Property fund's remuneration policy is slammed in advisory vote as it battles with R9.5bn debt
04 February 2020 - 05:10
In an unprecedented move in the listed real estate sector, 80% of Rebosis Property Fund’s ordinary shareholders voted against implementing the company’s remuneration policy.
This is a strong indication that investors have run out of patience with the ailing real estate investment trust, founded by CEO Sisa Ngebulana, and which failed to pay a dividendin 2019...
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.