Growthpoint Properties’ share price plunged the most since March — when SA was preparing for its national lockdown — on Thursday, after it became the first listed property company to raise equity since the Covid-19 outbreak.

Shares in SA’s largest listed real estate company, which has exposure to about R160bn worth of property in SA, the UK, Australia, Romania and Poland, fell 16.4% on Thursday, the biggest decline since March 23, after it announced that it had raised R4.3bn to cut its debt...

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