A long held idea is that SA needs a large black-owned and managed property company that can compete with the likes of industry giants Growthpoint and Redefine. Its existence would help transform a part of the economy that has underperformed in this regard since 1994.

This is why the marriage of the first majority black-owned and managed fund that listed in 2011, Rebosis, and government lease specialist, Delta, which came to market in 2012, looked romantic on paper when it was mooted last year.

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