Tag: Keillen Ndlovu
Listed property in South Africa has experienced massive declines in 2020, as a result of COVID-19 and a weak economy. Once the darling performer for investors, the sector has struggled to regain losses seen in recent years. According to the latest report from Stanlib, vacancies in retail and office markets are set to rise. Keillen Ndlovu, Head of Listed Property Funds at Stanlib joins CNBC Africa for more.
It’s just over a year since South Africa’s oldest retailer; Edcon secured a R2.7 billion bailout to prevent it from folding. But the economic carnage from Covid-19 has quickly changed its fortunes. The 90 year old retailer says it may not be able to pay its suppliers or reopen its doors after South Africa’s three week shutdown. Just a month ago Edcon CEO Grant Pattison spoke to CNBC Africa about his plans for rebuilding the business. Keillen Ndlovu, Head of Listed Property at Stanlib unpacks what impact Edcon’s folding could have on the property sector.
South Africa’s worst performing asset class in 2019 was once again the property sector. This was despite the Real Estate Investment Trust (REIT) sector recovering to modest growth after it fell by 25 per cent in 2018. Keillen Ndlovu, Head of Listed Property Funds at Stanlib joins CNBC Africa for more on what lies ahead for the sector in 2020.
South Africa’s property market has under-performed in recent years and recent data reveals that the market is continuing to experience a slowdown. Keillen Ndlovu, Head of Listed Property Funds at Stanlib joins CNBC Africa for more.
South African property companies are reducing their exposure to the rest of Africa and trying to sell off their investments. Joining CNBC Africa for more is Keillen Ndlovu, Head: Listed Property Funds, Stanlib.
With a litany of JSE-listed property companies releasing results and Citi Global Property CEO conference having just concluded, Keillen Ndlovu, Head of Listed Property at Stanlib joins CNBC Africa to discuss which JSE-listed property company offers the best value and what trends Citi is seeing.
South Africa's listed property sector has been a serial underperformer on the JSE with losses amounting to more than 22 per cent since January. Returns in the sector this year have been the lowest in modern history. Keillen Ndlovu, Head of Listed Property, Stanlib joins CNBC Africa for more.