Christo Wiese-backed Tradehold, a property play that has about half its assets in SA, said on Thursday it will continue to preserve cash and reduce debt due to a deterioration in the outlook for the local economy.
Revenue in its six months to end-August fell 1.8% to £47.7m , though this was largely due to its UK operations, where Brexit uncertainty persists and the retail sector remains subdued. The loss attributable to shareholders was £400,000, from a profit of £5.7m previously.
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Tradehold’s defensive stance to continue as SA’s outlook darkensThe Christo Wiese-backed property play says it will preserve cash and cut debt by selling off noncore assets
Source: BDliveSA - 🏆 12. / 63 Read more »