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The JSE has publicly censured inner-city housing financier The Trust for Urban Housing Finance (TUHF) for late publication of information relevant to its bond holders, including that its credit rating has been downgraded.

The breaches concerned a since-delisted R1bn note programme, with TUHF failing to perform calculations and measurements on its bond covenants in its reporting for three quarters, the last to end-December 2020...

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