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Suren is a passionate young South African business journalist with a keen interest in property, tourism, retail, media and sports.
Pepkor expects 20% surge in half-year earnings

Pepkor expects 20% surge in half-year earnings

UPDATE
28 Apr 2021 /  Suren Naidoo  
Strong cash generation sees group slash debt by R8bn since March last year, despite Covid-19.
No major improvement in Durban Port efficiencies, says organised business

No major improvement in Durban Port efficiencies, says organised business

UPDATE
23 Apr 2021 /  Suren Naidoo   6
Following highly hyped presidential visit of the country’s and Sub-Saharan Africa’s busiest port.
Delta confirms R1.8bn portfolio devaluation in restated 2020 results

Delta confirms R1.8bn portfolio devaluation in restated 2020 results

23 Apr 2021 /  Suren Naidoo    2
Scandal-hit Reit says legacy corporate governance failings have effectively been addressed.
South Africa’s private wealth plunges

South Africa’s private wealth plunges

UPDATE
21 Apr 2021 /  Suren Naidoo   23
Africa Wealth Report 2021 estimates around 4 200 millionaires left SA over the past decade, but the depreciating rand and Covid-19 fall-out are also to blame.
City of Cape Town approves R4bn Amazon-anchored development

City of Cape Town approves R4bn Amazon-anchored development

21 Apr 2021 /  Suren Naidoo   26
Online retail giant expected to set up African headquarters at River Club mixed-use precinct.
Imperial to net up to R1.45bn from South American shipping business sale

Imperial to net up to R1.45bn from South American shipping business sale

20 Apr 2021 /  Suren Naidoo   1
Exit forms part of its strategy to focus on its operations closer to home, serving as a ‘gateway to Africa’.
Kennedy Bungane appointed new African Bank CEO

Kennedy Bungane appointed new African Bank CEO

15 Apr 2021 /  Suren Naidoo   4
The appointment has been approved by the Prudential Authority of the South African Reserve Bank
Over R3bn in Covid-19 rental relief from SA Reit landlords

Over R3bn in Covid-19 rental relief from SA Reit landlords

15 Apr 2021 /  Suren Naidoo   1
Association CEO Joanne Solomon says 80% of the relief provided was in the form of non-recoverable discounts.
Astral secures high court order against government in service delivery battle

Astral secures high court order against government in service delivery battle

14 Apr 2021 /  Suren Naidoo   10
Group says 'untenable’ situation at Lekwa municipality is negatively impacting its operations.
Eskom to raise over R2bn through sale of non-core properties

Eskom to raise over R2bn through sale of non-core properties

13 Apr 2021 /  Suren Naidoo   8
Total disposals to date is around R600m, following the latest sale of two high rise office buildings in Kimberley and Johannesburg.
Phumelela Gaming’s old Nelson Mandela Bay racecourse on the auction block

Phumelela Gaming’s old Nelson Mandela Bay racecourse on the auction block

13 Apr 2021 /  Suren Naidoo   1
Sale of prime land forms part of the business rescue plan of SA’s largest horse-racing and tote-betting operator.
Rebosis surges over 34% on news of possible rescue deal

Rebosis surges over 34% on news of possible rescue deal

UPDATE
8 Apr 2021 /  Suren Naidoo   4
Cautionary announcement fuels speculation that embattled property counter could be delisted and ‘taken private’.
Growthpoint’s healthcare fund tops R3.2bn with Cintocare Hospital acquisition

Growthpoint’s healthcare fund tops R3.2bn with Cintocare Hospital acquisition

UPDATE
7 Apr 2021 /  Suren Naidoo  
Specialist facility in Tshwane is Africa’s first green-rated hospital.
Flight prices surge and some hotels are fully booked for Easter

Flight prices surge and some hotels are fully booked for Easter

1 Apr 2021 /  Suren Naidoo   5
Last-minute domestic bookings give a much-needed boost to the travel industry.
Exit from office sector for SA Corporate Real Estate

Exit from office sector for SA Corporate Real Estate

UPDATE
30 Mar 2021 /  Suren Naidoo   1
As the group’s office vacancies hit 16.9% and CEO predicts more pain to come.

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