COMPANY RESULTS – Redefine slumps as load shedding adds to 14% dividend drop
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GUEST Andrew Konig – REDEFINE Properties CEO
Redefine Properties – one of the country’s biggest real estate groups with R94.1 billion in assets under management and R60 billion of which is in South Africa – reports in its half-year results that net diesel costs had a 1.5% impact on its earnings. It is the latest group to highlight the impact of load shedding and SA’s power crises on its business and ESG (environment, social and governance) goals. According to Redefine’s interim results presentation published on Monday, the group’s average net diesel costs come to R35 400 per hour across its SA portfolio
Redefine Properties – one of the country’s biggest real estate groups with R94.1 billion in assets under management and R60 billion of which is in South Africa – reports in its half-year results that net diesel costs had a 1.5% impact on its earnings. It is the latest group to highlight the impact of load shedding and SA’s power crises on its business and ESG (environment, social and governance) goals. According to Redefine’s interim results presentation published on Monday, the group’s average net diesel costs come to R35 400 per hour across its SA portfolio
