Rebosis reaches deal with bank on expiring debt facilities
Property fund expects to give details of a potential rescue plan in days
01 September 2021 - 13:03
Rebosis Property Fund, whose debt has eroded 98% of its market value since 2015, said on Wednesday it would “shortly” release details of a potential rescue plan that’s been in the works for months.
Rebosis, led by founder Sisa Ngebulana, owns a mix of shopping malls and offices, most of which are let to the government...
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