Rebosis making headway in debt talks, shareholders told
Deal with unnamed parties could throw the cash-strapped property company a lifeline
11 May 2021 - 19:24
Rebosis Property Fund founder and CEO Sisa Ngebulana moved to reassure shareholders on Tuesday that the company is making progress in talks with unnamed investors for a transaction that could throw the debt-laden property firm a lifeline.
The company is in talks with local and offshore institutions and pension funds for a deal meant to reduce its debt, which was racked up through the financing of some of its flagship shopping malls, including Baywest Mall in Port Elizabeth and Forest Hill in Centurion...
Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.
Please read our Comment Policy before commenting.
Subscribe now to unlock this article.
Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).
There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.
Cancel anytime.
Questions? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now.