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Suren is a passionate young South African business journalist with a keen interest in property, tourism, retail, media and sports.

What makes the Station House development in Sea Point so unique?

4 Mar 2021 /  Suren Naidoo  
It's a piece of art in a strategic position at a time of low interest rates – Paul Berman from Berman Bros Group and Robin Magid from D2E Properties.

Pandemic plunges Acsa into R1.47bn half-year loss

4 Mar 2021 /  Suren Naidoo   4
But CEO says group is in a ‘much better place’ than mid-2020.

Cashbuild could be back at R500 a share – Clark

3 Mar 2021 /  Suren Naidoo  
With the group 'on track for a stellar FY2021 and FY2022'.

Interim results show Cashbuild cashing in on home improvement boom

UPDATE
2 Mar 2021 /  Suren Naidoo  
Group declares a half-year dividend on double-digit growth.

Despite cash constraints City Lodge opens new Waterfall City hotel

2 Mar 2021 /  Suren Naidoo  
Group reports after-tax loss of R550m for its half-year, as pandemic continues to affect occupancies.

Hyprop cuts debt, brings ‘look through’ LTV below 40%

1 Mar 2021 /  Suren Naidoo  
Balance sheet consolidation continues, as group defers interim dividend decision due to Covid-19 uncertainty.

‘Attractive development pipeline’ a key factor in R500m Oppenheimer investment

1 Mar 2021 /  Suren Naidoo   1
JSE-listed MAS Real Estate is planning around €600m (close to R11bn) worth of projects in Europe.

‘We owe a lot of people a lot of money’ – Mboweni

25 Feb 2021 /  Suren Naidoo   28
Country’s gross loan debt expected to increase to R5.2trn by fiscal 2023.

Mboweni surprises: 2020 budget deficit revised down to 14% of GDP

24 Feb 2021 /  Suren Naidoo   1
But this still comes in at a record high due to the Covid-19 economic fallout.

Treasury allocates R9bn to SA’s Covid-19 vaccination plan

24 Feb 2021 /  Suren Naidoo    2
Estimates overall roll-out of ‘free mass vaccination campaign’ will cost R19.3 billion.

L2D pays out full-year dividend despite 46.5% plunge in distributions

23 Feb 2021 /  Suren Naidoo   1
Stronger balance sheet allows group to weather Covid-19 better than some of its listed property peers, like Redefine.

Sasol slashes debt by R63.4bn, avoids dilutive rights issue

UPDATE
22 Feb 2021 /  Suren Naidoo   16
Improved interim financial results sees uptick in share price in early morning trade, however, the stock ended the day marginally lower.

SA’s Covid-19 Loan Guarantee Scheme ‘largely dead’ – Intellidex

22 Feb 2021 /  Suren Naidoo   4
But there is ‘good reason for it to come back to life in a new form’ with the potential of future ‘lockdown waves’.

Tiger Brands flags reduced consumer demand in January

18 Feb 2021 /  Suren Naidoo   1
But says it's too soon to know whether this indicates that even more challenging times lie ahead.

Emira declares interim dividend despite Covid-19 hit

UPDATE
17 Feb 2021 /  Suren Naidoo  
But defers a small portion of the planned 52 cents per share payout.
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