Growthpoint has historically paid out 100% of its earnings as dividends. Now that many tenants are struggling to pay their rent, the company has to preserve cash. | Fin24
Growthpoint which owns the V&A Waterfront has also had tenants like Edcon and Econet going into business rescue.After some of the toughest negotiations it ever had, wresting with tenants who were on rental strike in the early days of the lockdown, the biggest battle for South Africa's biggest listed landlord,
Properties, may yet lie ahead as it wants to preserve cash while some of its shareholders want dividends.exclusive journalism and features
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