Redefine Properties, the second-largest SA-based property fund, has warned that its dividend will decline by 45% in its financial year to August because of weak economic conditions at home and abroad.

The group which owns assets worth more than R90bn said in a trading statement on Wednesday that it expected its dividend per share to fall by at least 45.5c, resulting in a 9.57% fall in share price to R2.74...

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email or call 0860 52 52 00. Got a subscription voucher? Redeem it now