Bargain-hunters circle Rebosis death spiral
Sale of cash-strapped property company's R11.2bn assets begins but long-suffering shareholders are likely to be left empty-handed
18 May 2023 - 05:03
This week marks the start of what is likely to be the closing chapter in the spectacular rise and fall of Rebosis Property Fund, as the bidding process for its multibillion-rand portfolio starts.
It was the JSE’s first substantially black-owned real estate fund when it listed 12 years ago. After several last-ditch attempts to salvage the debt-ridden company, it was suspended and placed in business rescue in August 2022. ..
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