SA’s largest sectional title developer, Balwin Properties, said on Monday its profit dropped by more than 50% in the six months to end-August as Covid-19 affected its construction activity.Balwin Properties halted construction activity in late March, at the start of the national lockdown, and gradually resumed in June after a move to level 3.
Headline earnings per share dropped 56% to 17c during the period while net asset value per share rose 9% to 631c. The company declared an interim dividend of 19.6c compared with 11.7c in the previous period.The developer recently launched the Mooikloof Mega City in Pretoria, the largest sectional title development in SA, that will include 50,000 housing units.
And Cyril Ramaphosa has to sweeten their loss with a prestigious multi billion project even when they aren’t BEE compliant
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.
Covid-19 in SA 2 364 new cases and 126 more deathsCOVID19SA: Over the past 24 hours, 2 364 new cases of Covid-19 have been identified, taking the total number of detected coronavirus cases to 690 896
Source: IOL - 🏆 46. / 51 Read more »
Trump resumes election campaign as he is 'no longer a Covid-19 transmission risk’US President Donald Trump appeared back to his old self on Saturday as he addressed supporters at the White House in his first public event since his Covid-19 diagnosis.
Source: IOL - 🏆 46. / 51 Read more »
COVID-19 LIVE UPDATES | Brazil surpasses 150,000 coronavirus deaths, health ministry saysCoronavirus live updates. Lesithombe?🥴
Source: TimesLIVE - 🏆 28. / 59 Read more »
Dire warnings sounded if SA maintains R350 Covid-19 SRD grantEconomists believe the country can’t afford the R350 Covid-19 social relief of distress (SRD) grant. The grant has been paid to unemployed people for the past six months. via SundayTribuneSA SundayTribuneSA This country is soo corrupt. Instead of gvt issuing tenders, factors could have been built and people employed. This nonsense of dishing out money has to stop. People need to be employed. downwithtenders and createemployment openfactories. madeinSA SundayTribuneSA But most people are not receiving thise grant SundayTribuneSA Only foreigners received this R350.Most people they don't get it..I'm one of them...
Source: IOL - 🏆 46. / 51 Read more »
Source: ewnupdates - 🏆 30. / 53 Read more »
Japan’s beloved bullet trains are not doing well, and Covid-19 is to blameAt a time of year when many people in Japan should be getting out of the city, the country’s super-fast trains are almost empty O well then its not Apartheid this time round.
Source: BDliveSA - 🏆 12. / 63 Read more »