Rebosis plans to sell most of its retail portfolio
Rebosis property fund saw its share price plunge by close to 67% in the first half of the year. Thats as its had to deal with high debt levels, a poor performance by UK mall owner New Frontier Properties and difficulties in renewing government leases. And as a result the group has decided to sell most of its retail properties in an effort to deleverage. Business Day TV caught up with the CEO, Sisa Ngebulana to discuss what the refocus in strategy could suggest for the company going forward.