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JSE code: REB ISIN: ZAE000156147 ( Rebosis or the Company ) PRE-LISTING STATEMENT The definitions commencing on page 9 of this pre-listing statement have, where appropriate, been used on this cover page. Prepared and issued in terms of the Listings Requirements of the JSE and the Companies Act relating to a private placement of 165 851 703 linked units in the capital of Rebosis at an issue price of R10 (ten Rand) per linked unit. Opening date of private placement (09:00) Closing dat.

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But the reasons for Rebosis' fall are multi-pronged and have persisted for years. Sudden changes in strategy including an expansion abroad as well as the slow payments from sovereign tenants, all led to unmanageable costs for the real estate investment trust (Reit).

Sisa Ngebulana - CEO - Rebosis Property Fund Ltd (REB) | LinkedIn.

Sisa Ngebulana-founded Rebosis Property Fund is going into business rescue, and its shares have been suspended on the JSE with immediate effect.

Rebosis is a JSE listed real estate investment trust (REIT) with a high quality diversified portfolio across commercial and retail assets. The majority of the commercial income enjoys a sovereign underpin from leases to national government departments across 36 buildings.

Rebosis listed on the JSE in 2011 with seven properties valued at R3. 3bn. At the end of February 2022, the JSE-listed real estate investment trust (Reit) had 41 office and retail properties valued at R13bn, with bank debt of R9. 5bn.

Sisa Ngebulana - CEO - Rebosis Property Fund Ltd (REB) | LinkedIn.

Debt-ridden Rebosis entered business rescue on August 26 2022, citing rising interest rates, the inability to recover increased municipal costs from sovereign tenants and continuous delay of rental payments by some government departments (accounting for more than half of group revenue).

He is also the Founder, Executive Chairperson and sole owner of Billion Group Limited, a multi-billion rand property company. SA Entrepreneurs Magazine estimates Ngebulana's net worth to be around R400 million.

Sisa Ngebulana-founded Rebosis Property Fund is going into business rescue, and its shares have been suspended on the JSE with immediate effect. The property company has been working on a turnaround plan to restructure and strengthen its balance sheet.

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© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232
Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232