Rebosis admits short-term debt is a worry

Though Rebosis Property Fund’s cash flow remains strong, its short-term debt combined with higher than average debt costs is a concern, CEO Otis Tshabalala says.

“We remain confident that the successful conclusion of our disposal transaction will reduce debt sufficiently to negotiate longer debt terms at market-related costs, thus normalising our position,” Tshabalala told Business Day on Monday...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.

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