Tag: estienne de klerk

Growthpoint re-investment of dividend: What are the tax implications?

The property sector has faced headwinds and uncertainty, caused by COVID-19. However, Growthpoint has decided to go ahead with a final dividend of 40c per share for the year to ended June. This is to meet requirements to retain its status as a Real Estate Investment Trust. The total dividend for the year will amount to 146 cents per share. And shareholders will be entitled to re-invest the net cash dividend, in return for Growthpoint shares. Growthpoint CEO, Estienne de Klerk joins CNBC Africa for more.

COVID-19 lockdown: SA landlords reveal details of tenants’ assistance

As the number of businesses battling to survive due to lock-down are growing on a daily basis, the Property Industry Group has increased and extended its assistance and relief guideline for retail tenants. To find out what’s on the cards Estienne de Klerk, spokesperson for the Property Industry Group and Chairman of the SA REIT Association joins CNBC Africa for more.

Growthpoint SA CEO on the business impact of COVID-19 lockdown

As the economy faces one of its toughest battles yet, one industry that is feeling the brunt of the economic fallout is the property sector. Last week the South African Real Estate Investment Trust Association made an urgent request to the National Treasury for provisional relief of the REIT tax rules and joining CNBC Africa for more is Estienne de Klerk, SA REIT Chairman and CEO of Growthpoint SA.

Why Growthpoint may buy this loss making UK company

Growthpoint South Africa’s largest listed real estate company had 5.3 per cent increase in its full-year distributable income to the end of June. But the company could find 2020 tougher as their tenants become harder to please. The property company also revealed it has entered into talks with Capital & Regional. Joining CNBC Africa is Growthpoint SA CEO, Estienne de Klerk.