Rebosis Property Fund announced the sale of four more of its properties for a total value of R160m — close to only half of its value — as the company seeks to sell off assets as part of its ongoing business-rescue process to try to save the debt-ridden company.

The latest properties to be sold are owned by Ascension Properties, a subsidiary of Rebosis, and valued at R291m, according to a valuation from an independent company done in April...

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.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.