Tough economy weighs on Octodec results

PUBLISHED: Tue, 29 Oct 2019 15:53:53 GMT


Property group Octodec Investments has been hit by South Africa’s subdued economic and consumer environment as it saw a 28 per cent decrease in its diluted headline earnings per share. The group also disposed 19 non -core and under-performing properties and had a decrease in occupancy levels in total and core vacancies of 18 per cent and 11.5 per cent respectively. Jeffrey Wapnick, Managing Director of Octodec joins CNBC Africa for more.

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