Accelerate Property unlikely to declare dividend in 2021 due to Covid-19
The co-owner of the Fourways mall has also opted not to do so for its 2020 year as Covid-19 batters the property sector
29 July 2020 - 10:40
Accelerate Property Fund, the co-owner of Africa's largest shopping centre, the R9bn Fourways Mall, has pleaded with its shareholders to be patient over the next 18 months as it focuses on helping struggling tenants and holds off on paying a dividend until 2022.
Most property funds have put dividends on hold for 2020 but have suggested they would pay out income in 2021...
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.