https://www.engineeringnews.co.za

Rebosis postpones H1 results, CEO resigns

18th April 2018

By: Reuters

  

Font size: - +

South Africa's Rebosis Property Fund said on Wednesday its CEO Andile Mazwai had resigned and the firm would postpone the release of its interim financial results, sending shares down more than 10%.

The company said in a statement its current executive deputy dhairperson Sisi Ngebulana would be appointed as the interim CEO.

Mazwai, who was at the helm since October 2017, stepped down with immediate effect for personal reasons, the company said.

It added that it would postpone its interim results to May 8 and delay its dividend payment to 28 May.

Shares in Rebosis's fell as much as 10.4% and traded at 9.08% lower at R7.41 by 1007 GMT.

Edited by Reuters

Article Enquiry

Email Article

Save Article

Feedback

To advertise email advertising@creamermedia.co.za or click here

Latest News

SKAO director-general Prof Jessica Dempsey
The SKA Observatory has a new head
2nd June 2026 By: Rebecca Campbell

Showroom

VEGA Controls SA (Pty) Ltd
VEGA Controls SA (Pty) Ltd

For over 60 years, VEGA has provided industry-leading products for the measurement of level, density, weight and pressure. As the inventor of the...

VISIT SHOWROOM 
Iritron
Iritron

Iritron delivers advanced automation, control, and optimisation solutions to the Mining, Minerals & Metals, Consumer Package Goods and...

VISIT SHOWROOM 

Latest Multimedia

sponsored by

Option 1 (equivalent of R125 a month):

Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format

Option 2 (equivalent of R375 a month):

All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.

Already a subscriber?

Forgotten your password?

MAGAZINE & ONLINE

SUBSCRIBE

RESEARCH CHANNEL AFRICA

SUBSCRIBE

CORPORATE PACKAGES

CLICK FOR A QUOTATION







301

sq:0.074 0.664s - 142pq - 2rq
Subscribe Now