JSE lifts Delta Property Fund’s suspension

Delta Property Fund CFO Marelise de Lange. Picture: SUPPLIED

The company said in a statement via the JSE's stock exchange news service on Thursday: “The JSE has concluded its review of all the matters it considered to be relevant to the JSE’s decision to lift the suspension.” In the year to end-February 2021, Delta’s property portfolio saw its value fall 6.8% from R8.8bn to R8.2bn. The reduction in valuations was mainly as a result of increased vacancies and a short average lease profile of 15 months on the portfolio.

“Delta has further confirmed to the JSE that the company was unable to obtain the shareholding information of the entities referred to above, as these are private companies. Procurement processes have been amended to deal only with companies that provide all information," it said.

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