Growthpoint withholds final dividend as Covid-19 prompts rising arrears
The group had to raise its provisions for bad debt and provided rental relief due to the effects of the pandemic
09 September 2020 - 08:50
SA’s largest property group Growthpoint has deferred a decision on a final dividend as Covid-19 weighs on the outlook for local landlords.
The group, which has a stake in the V&A Waterfront, has seen a surge in arrears and provisions, saying a decision on a final dividend for its year to end-June may be made only in December as it assesses the fallout from the pandemic...
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