Rebosis makes history for wrong reasons

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Rebosis makes history for wrong reasons 🔒

Rebosis Property Fund has made history for the second time in just a few months. And, sadly, it is again for the wrong reason. In November, it became the first SA real-estate investment trust not to pay out a dividend since 2013. That was the year when the REIT capital structure legislation came into effect.

And last week it became the first JSE-listed entity to score an 80% vote against its remuneration implementation report.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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