Like many property groups, residential-focused Indluplace is concerned about SA's weak economy. Picture: SUPPLIED
The group trimmed its dividend 20% to 78.25c for its year to end-September 2019, reporting an 8% rise in operating costs to R273.5m as municipal costs continued to rise above inflation. During the period it doubled its management team to eight, which is expected to lead to a rise in administrative costs, while vacancies are expected to remain flat and rental escalations subdued.It disposed of nine non-core buildings during the period, saying this would continue.
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.
Albon to race on with Red Bull F1 team in 2020'Alex has performed extremely well since his debut with the team in Belgium and his results - seven finishes in the top six - speak for themselves.'
Source: TimesLIVE - 🏆 28. / 59 Read more »
Source: Channel24 - 🏆 48. / 51 Read more »
Spar dividend rises by almost double digits as liquor sales surgeHealthy turnover growth in its core Southern African operations help hike payout 9.7%
Source: BDliveSA - 🏆 12. / 63 Read more »
Ebrahim Patel calls for reversal of Saldanha plant closureArcelorMittal SA says the plant is no longer competitive due to falling demand and rising costs
Source: BDliveSA - 🏆 12. / 63 Read more »
Ebrahim Patel calls for reversal of Saldanha plant closureArcelorMittal SA says the plant is no longer competitive due to falling demand and rising costs
Source: BDliveSA - 🏆 12. / 63 Read more »
MultiChoice chair Imtiaz Patel to switch to nonexecutive roleCEO Calvo Mawela will assume full executive responsibility in October 2020
Source: BDliveSA - 🏆 12. / 63 Read more »