The extra costs of load-shedding will result in a contraction of like-for-like net property income
Power outages will undo any growth in the like-for-like net property income of SA Corporate Real Estate, which owns retail, residential and industrial properties, if record-high levels of load-shedding continue.
The Reit, valued at R5.1bn on the JSE, said in its latest annual results it expected like-for-like NPI growth of 4%-5% in 2023, but noted that if load-shedding continued at the same rate as of late, the extra cost would result in a contraction of 3%-4%. NPI is the rental income a portfolio generates minus operating expenses...
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
The News24 Business Awards 2023The News24 Business Awards celebrate the best in corporate South Africa.
Read more »
EDITORIAL: Faced with the EFF’s fascist threats, Bheki Cele’s police go AwolSouth Africa’s most thuggish political party has been indulged by the government and the corporate sector alike.
Read more »
EDITORIAL: Faced with the EFF’s fascist threats, Bheki Cele’s police go AwolThis would be the time for Cele, so favoured by the president, to actually act; to show some leadership. Sadly, experience shows that the man in the hat will do neither.
Read more »
Skills gap poses a huge security risk for businesses in South AfricaInternational cybersecurity firm Kaspersky warns of a tech skills shortage.
Read more »
No key infrastructure off limits in shutdown, Julius Malema warnsSA’s security forces put on high alert for national shutdown to prevent a repeat of July 2021 riots
Read more »
National Shutdown: we're not fighting, don't try us - Malema warns law enforcersMalema urged EFF members to defend themselves should law enforcement officials mete out brutality.
Read more »