We've got news for you.

Register on BusinessLIVE at no cost to receive newsletters, read exclusive articles & more.
Register now

The market was aghast at Balwin’s decision to spend about 7% of its market cap — R125.8m — on a new head office building in Melrose Arch, Joburg, next to the M1 highway. Shares in the property developer were already under pressure and stumbled further, taking Balwin stock down 13% year to date. The FM spoke to CEO Steve Brookes.

How do you defend this purchase?..

BL Premium

This article is reserved for our subscribers.

A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and Sunday Times Daily.

Already subscribed? Simply sign in below.

Questions or problems? Email helpdesk@businesslive.co.za or call 0860 52 52 00. Got a subscription voucher? Redeem it now