Failed Delta-Rebosis deal crushes hope of black-owned property group
The two landlords were considering joining forces to weather the tough economic conditions
03 March 2020 - 10:16
Two real estate moguls’ hopes of creating a major black-owned property crumbled on Tuesday when Delta Property Fund and rival Rebosis Property Fund scrapped merger talks.
After about six months, Rebosis, led by Sisa Ngebulana, and Delta, whose CEO is Sandile Nomvete, jointly announced their talks to create R29bn property group that would have had greater scale and financial muscle to navigate the toughest operating environment since the 2008/2009 global economic crisis failed...
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