SA Corporate delays part of its dividend payment due to Covid-19 concerns
More than half of the R444m in distributions for its year to end-December will be paid in September to shore up its balance sheet
20 April 2020 - 12:39
SA Corporate, which has a diversified portfolio mostly in SA’s major cities, has delayed payment of about R235m in dividends until September due to uncertainty over the Covid-19 pandemic.
The group declared distributions amounting to about R444.1m for its year to end-December, but has split payments into two tranches, saying it had already received indications from some of its tenants that they would hold on to part of their rental payments during SA’s lockdown period...
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