Delta Property Fund slumps to record low amid latest SA corporate scandal
Delta's share price collapses more than 30% the day after it announced it had found alleged fraud worth millions
Delta Property Fund’s share price fell by almost a third to a record low, the day after its board revealed a R40m fraud at the company, in the latest scandal to hit a JSE-listed company.
The company, which was led by founder Sandile Nomvete until he left in August, slumped 32%, leaving it with a market value of R200m from R700m a year ago. The share price has dropped about 60% since the start of 2020...