Grit delists from the JSE
The company will maintain its primary listing in London and secondary listing in Mauritius
Grit Real Estate, the only pan-African listed property fund in the world, has delisted from the JSE so that it can focus on serving its London and Mauritius-based investors.
The company acts as a rand hedge for investors as it pays its dividends in dollars. It owns 47 assets in Botswana, Ghana, Kenya, Mauritius, Morocco, Mozambique, Senegal and Zambia, and has a market capitalisation of R4.7bn.