The dirt-cheap property play could help investors pay the rent — if its turnaround strategy pays off.
Delta Property Fund, which owns mostly inner-city office blocks let to government tenants, has gone through the wringer in recent years.
In early 2020, the company was hit by allegations of financial irregularities under its former management team, which led to the resignation of founder and CEO Sandile Nomvete and fellow executives...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.
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.
New government security service planned for South Africa – what you should knowGovernment plans to establish a new security arm as part of its plans to move away from the State Security Agency.
Read more »
Three transformative years: Samsung’s multi-million rand Equity Equivalent Investment Programme is going the distanceSPONSORED: SamsungSA's succession of the Equity Equivalent Investment Programme (EEIP), is soaring into greater power and productivity by ensuring good practice SA's economy and small technological entities Learn more:
Read more »
Griquas pip Province in Stellies comebackGeorge Whitehead slotted an 86th-minute conversion to help Griquas come from a 21-point deficit to beat Western Province in a 12-try Currie Cup thriller in Stellenbosch on Friday.
Read more »
Opec+ agrees to speed up oil output, heeding pressure from USRussia gives plan its full backing and talks concluded in just 11 minutes
Read more »
India rice farmers to take advantage of wheat shortageThe government plans to boost grain purchases to safeguard food security
Read more »
Amber Heard plans to appeal against Johnny Depp defamation verdict | ChannelAmber Heard will appeal a jury's decision that she defamed ex-husband Johnny Depp.
Read more »