No place to hide for Growthpoint Properties
The coronavirus and a slump in tourism mean that despite having diversified the firm has to batten down the hatches
19 March 2020 - 05:00
The recurring theme emanating from SA’s property majors is that rand hedge strategies may have been a case of too little, too late.
That was underscored again last week by sector heavyweight Growthpoint Properties, SA’s largest and most diversified property counter, which is widely regarded as a reliable bellwether of the state of the overall market...
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