Date(s) - 22 Apr '21
12:30 pm - 1:15 pm
South Africa’s listed property or Real Estate Investment trust (REIT) sector has gone from being the best performing asset class a few years ago, to the worst-performing investment for the last three consecutive years (2018 to 2020).
The Covid-19 economic crunch has added to the industry’s woes, forcing many listed REITS to withhold or defer dividend payments, or opt for reduced payout ratios. In terms of total returns, the South African Property Index plunged over 34% in 2020, wiping billions of Rands off the sector’s market value.
Moneyweb will speak to top industry insiders and ask them whether this is the end of the REIT model as we know it, or whether the industry is in reset mode and primed for a recovery?
Join Moneyweb’s Suren Naidoo and Estienne de Klerk, SA CEO of Growthpoint Properties and chair of the SA REIT Association, Keillen Ndlovu, head of listed property funds at Stanlib and Pranita Daya, real estate analyst, at Anchor Stockbrokers.