Kaya 959 Kaya Biz

V&A Waterfront owner, Growthpoint Properties annual income slumps 10%

Loading player...
GUEST – Estienne de Klerk - Growthpoint Properties South Africa CEO

SA’s largest primary listed real estate investment trust (Reit), Growthpoint Properties, says high interest rates globally will remain a challenge into FY 2025, weighing on its distributable income per share (Dips).

The group flagged that its Dips for the current financial year are expected to decline by up to 5% in a release of its annual results for the year ended 30 June 2024 on Wednesday.

Growthpoint’s comments come despite its share price rallying strongly in recent months, due in large part to market expectations around interest rate cuts. Reits, which are highly leveraged by their nature, stand to benefit from rate cuts.
11 Sep 2024 2PM English South Africa Business News · Investing

Other recent episodes

Strengthening global ties through Youth cultural exchanges and skills development.

In this enlightening conversation we explore the transformative impact of global youth cultural exchanges and skills development initiatives with a distinguished panel of guests: Rev. Theophous Reagans, Director of Global Ministries; Mr. Harrison Harvey, a youth leader and entrepreneur; and Ms. Brennen White, a youth representative from Allen Temple Baptist…
17 Jun 5AM 23 min

YOUTH & DEBT- With 6.7 million youth aged 18-24, only 1 million are credit active.

GUEST - Andrew Fulton – Director at Eighty20 South Africa's youth are grappling with deepening financial challenges, including crushing unemployment, limited asset ownership and mounting debt levels. Eighty20, South Africa’s leading consulting, analytics and research company analyses those aged 24 and younger, who make up 44.5% of the population—bearing the…
17 Jun 5AM 10 min

Five things you might not know about SA’s youth consumer class

GUEST – Brandon de Kock - BrandMapp’s Director of Storytelling Young South Africans between 18 and 37 years, internet-connected and living in households with incomes of R10k+ a month, now make up the majority of the country’s tax paying base. This ‘youth consumer class’, a blend of older Gen Zs…
17 Jun 5AM 18 min

In conversation with Akhona Qengqe - General Manager, KFC Africa.

Akhona Qengqe is the recently appointed General Manager at KFC Africa. She is responsible for overseeing the strategic direction and overall operations of the organisation and will also be working closely with the full leadership team to continue to drive profitability and relevance for the business. She started at KFC…
12 Jun 3PM 21 min
All episodes