Growthpoint half-year revenue up 4%

South Africa's largest landlord painted a gloomy outlook for its full year, saying distributions per share were expected to fall by between 10 to 12 per cent, higher than the 8.6 per cent decline reported in the first half. Growthpoint said the impact of higher interest rates locally and internationally would be greater in the second half, chipping away at earnings, although said it would try to stick to its current payout ratio. Joining CNBC Africa is Norbert Sasse, Group CEO, Growthpoint Properties.
Wed, 13 Mar 2024 16:09:49 GMT