Redefine's revenue slashed by 30% and dividend deferred

Loading player...
Redefine, the country's second largest real-estate investment trust by market capitalisation, announced its interim results to February 28 2021 and there was very little to get excited about. The chief executive Andrew König, joined the BizNews Power Hour to talk about these results and prospects. "The vaccine roll-out will get people back to work spaces" - Andrew König. Learn more about your ad choices. Visit megaphone.fm/adchoices
18 May 2021 6AM English South Africa Investing · Business News

Other recent episodes

BN Daybreak: Strait of Hormuz showdown as US and Iran head back to Doha

Vessels are still threading the Strait of Hormuz, but a Bloomberg analyst calls it Schrodinger's Strait: you never know if it's open until you try to get through. With traffic down to a fraction of normal and ships taking hits, owners are weighing whether the world's most vital oil route…
29 Jun 12AM 15 min

The BizNews Edge: African Bank's Billion-Rand Acquisition Trap

African Bank swung to a loss of nearly a billion rand after a four-year spree of buying and bolting together three banks to build a full-service lender, and the bad debt charge is still climbing. The contrast is brutal: a focused platinum-and-chrome miner, Tharisa, is printing cash with profit up…
25 Jun 7AM 9 min