In just more than a decade, the first black-owned property fund to enter the bourse chooses a last resort to save itself
Rebosis Property Fund tumbled into business rescue in August, heralding a new and uncertain era for what was once a promising black-owned real estate firm.
The process, known in commercial law parlance as business rescue, allows turnaround specialists to temporarily delay creditor claims from a company while it works out a plan to revive itself. ..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 TimesLive Premium.
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