Government landlord needs tenants to agree to long term leases in order to forecast its rentals more accurately and to get finance from banks at better rates
Government landlord needs tenants to agree to long-term leases in order to forecast its rentals more accurately and to get finance from banks at better ratesDelta Property Fund CEO Sandile Nomvete. Picture: ROBBIE TSHABALALA
The company's share price climbed around 4% on Monday after the announcement, as it began to claw back the near 60% it has shed so far in 2019. It closed 5.49% higher at R1.92 on Monday, but down 57% for the year. As a result, Delta tended to pay relatively high interest rates on the debt it raised, compared with its peers in the listed property sector, because it was unable to provide clear lease profiles to banks.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Delta Property Fund hopes to have turned a cornerGovernment landlord needs tenants to agree to long term leases in order to forecast its rentals more accurately and to get finance from banks at better rates
Read more »
Delta Property Fund hopes to have turned a cornerGovernment landlord needs tenants to agree to long term leases in order to forecast its rentals more accurately and to get finance from banks at better rates
Read more »
Selling toilet paper on street corners turned into a manufacturing operation | The MercuryA couple had no idea that their firm selling toilet paper would eventually grow into a manufacturing operation.
Read more »
Rebosis Property Fund has autumn clearing to doOnce the darling of black owned and managed property companies, the company's management has its work cut out to win back investors
Read more »
NGOs hail US’s about-turn on HIV funding in SACiting the poor performance of SA’s HIV programme, the US President’s Emergency Fund for Aids Relief earlier threatened to slash funding.
Read more »
2019 ELECTIONS – ANALYSIS: Ace Magashule and the loneliness inside the ANC’s cornerWhile this was the second last weekend before what everyone claims is the most contested elections since 1994, there still appears to be more attention paid to internal ANC politics than the election itself.
Read more »
Africrest Properties aims to manage 2,000 apartments by the end of next yearThe private developer wants to double its assets under management and is drawing on inner-city demand
Read more »
Herman Mashaba 'has conflict of interest in property evaluations'The Good party has asked for Johannesburg mayor Herman Mashaba to be investigated in connection with a potential conflict of interest arising from property valuations in the city.
Read more »
Herman Mashaba has ‘conflict of interest in property evaluations’The Good party has sent a letter to the City of Joburg’s integrity commissioner requesting an investigation into the undervaluing of properties
Read more »
Atlantic Leaf Properties needs to join indices to attract investorsThe UK real estate company believes a listing on the SA Listed Property Index will draw investors
Read more »