Grit Real Estate: taking on the Africa doubters
Grit is mulling a JSE delisting as Afro-pessimism keeps SA investors at bay even as UK buyers pile in
Bronwyn Corbett has had a tough task of late in selling the Africa investment case to local fund managers. The chartered accountant, who co-founded Grit Real Estate Income Fund in 2012 (initially as Delta International), is one of just a handful of SA property players still chasing the African growth story.
Many other JSE-listed companies that dipped their toes into the real estate markets of Zambia, Ghana, Nigeria, Kenya and Mozambique over the past decade have either ditched further development plans or are exiting these countries altogether. They include Hyprop Investments, Attacq, Tradehold and Resilient Reit...
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