Tag: equites property fund
Despite the tough economic journey that many companies on enduring during these times; Equites Property Fund has declared a final dividend of 151.39 cents per share which is a growth of 9 per cent from the previous year. The company has also seen growth in its headline earnings per share and its net asset value for the financial year and joining CNBC Africa for more is Andrea Taverna-Turisan, CEO of Equites Property Fund.
Shoprite's share price traded slightly weaker as it said sales growth for the first six weeks of the second half of the 2020 financial year are in line with the growth reported for this interim period to December 2019 and believes measures taken in its non-South Africa stores will help future profitability. The retailer which also increased market share and stores said it is entering into a joint venture with Equites Property Fund. Shoprite CEO, Pieter Engelbrecht joins CNBC Africa for more.
Logistics company, Equites property fund, distribution per share rose 9.3 per cent to 74.43c in the groups six months to end-August amid strong rental growth and healthy margins from new developments. Bram Goossens, CFO of Equites Property Fund joins CNBC Africa for more.