Accelerate: alive but barely breathing
The Fourways Mall co-owner won’t be dishing out dividends any time soon, but debt restructuring efforts appear to be paying off
25 July 2024 - 05:00
Concerns that cash-strapped Accelerate Property Fund, co-owner of the country’s biggest shopping centre, is going belly-up, have been dispelled by management.
That comes after the real estate investment trust (Reit) released its annual financial statements three weeks late. The holdup prompted the JSE to issue a suspension warning and raised speculation that Accelerate may be in serious trouble. ..
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