Property fund expects to give details of a potential rescue plan in days
Rebosis Property Fund, whose debt has eroded 98% of its market value since 2015, said on Wednesday it would “shortly” release details of a potential rescue plan that’s been in the works for months.
Rebosis, led by founder Sisa Ngebulana, owns a mix of shopping malls and offices, most of which are let to the government...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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