Octodec withholds full-year guidance in ‘uncertain political climate’
Group cites lack of clear structural reform with inflation and interest rates rising
16 May 2023 - 09:03
Octodec Investments, which owns properties in the Johannesburg and Tshwane CBDs, has increased its interim dividend, reporting a rise in distributable income after tax, but decided against giving an outlook for the rest of its financial year.
MD Jeffrey Wapnick told Business Day that SA’s political environment remains uncertain due to lack of clear structural reforms, which in itself creates high unemployment, and lack of investment into the country...
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