Emira Property Fund, which owns a diversified property portfolio in SA and the US, says the ailing economy, coupled with rising interest rates and load-shedding, has had a severe affect on doing business in SA.
CEO Geoff Jennett said on Wednesday the cost of diesel to power generators would continue to squeeze tenants’ profitability and increase property owners’ running costs to keep the lights on...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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