Reported Earnings • 1h
Full year 2026 earnings released Full year 2026 results: Revenue: R2.02b (flat on FY 2025). Net income: R799.9m (up R3.02b from FY 2025). Profit margin: 40% (up from net loss in FY 2025). Revenue is expected to fall by 1.7% p.a. on average during the next 2 years compared to a 5.6% decline forecast for the REITs industry in South Africa. Announcement • Jan 21
Burstone Group Limited to Report Fiscal Year 2026 Final Results on Jul 10, 2026 Burstone Group Limited announced that they will report fiscal year 2026 final results at 9:00 AM, South Africa Standard Time on Jul 10, 2026 Upcoming Dividend • Dec 05
Upcoming dividend of R0.46 per share Eligible shareholders must have bought the stock before 10 December 2025. Payment date: 15 December 2025. Trailing yield: 10.0%. Within top quartile of South African dividend payers (7.6%). Higher than average of industry peers (7.5%). Declared Dividend • Nov 21
First half dividend increased to R0.46 Dividend of R0.46 is 3.1% higher than last year. Ex-date: 10th December 2025 Payment date: 15th December 2025 Dividend yield will be 9.8%, which is higher than the industry average of 9.2%. New Risk • Sep 06
New major risk - Revenue and earnings growth Earnings have declined by 62% per year over the past 5 years. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are declining over an extended period, then in most cases the share price will decline over time unless the company can turn around its fortunes. A trend of falling earnings can be very difficult to turn around. If the company is well already established it may also be a sign the company has matured and is in decline. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Interest payments are not well covered by earnings (1.8x net interest cover). Dividend is not well covered by earnings and cash flows. Payout ratio: 455% Dividend per share is over 6x cash flows per share. Earnings have declined by 62% per year over the past 5 years. Announcement • Jul 06
Burstone Group Limited, Annual General Meeting, Sep 02, 2025 Burstone Group Limited, Annual General Meeting, Sep 02, 2025. Location: 4th floor, 4 sandown valley crescent, sandton, south africa, 2196, South Africa Declared Dividend • Jun 01
Final dividend increased to R0.48 Dividend of R0.48 is 16% higher than last year. Ex-date: 18th June 2025 Payment date: 23rd June 2025 Dividend yield will be 10%, which is higher than the industry average of 9.2%. Reported Earnings • May 29
Full year 2025 earnings released: R2.81 loss per share (vs R0.29 profit in FY 2024) Full year 2025 results: R2.81 loss per share (down from R0.29 profit in FY 2024). Revenue: R2.01b (down 2.1% from FY 2024). Net loss: R2.22b (down R2.46b from profit in FY 2024). Revenue is expected to fall by 4.8% p.a. on average during the next 2 years compared to a 6.4% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 120 percentage points per year, which is a significant difference in performance. Announcement • Mar 24
Burstone Group Limited to Report Fiscal Year 2025 Results on May 28, 2025 Burstone Group Limited announced that they will report fiscal year 2025 results on May 28, 2025 Announcement • Mar 11
Burstone Group Limited Announces Company Secretary Changes Burstone Group Limited announced that Pieter van der Sandt has stepped down from his role as company secretary, effective immediately. Sashnee Maistry, the Group's Head of Legal, Risk and Compliance, will assume the role of company secretary going forward. Sashnee is an admitted attorney of the High Court of South Africa and has been with the Group since January 2024. Upcoming Dividend • Dec 06
Upcoming dividend of R0.45 per share Eligible shareholders must have bought the stock before 11 December 2024. Payment date: 17 December 2024. Trailing yield: 8.6%. Within top quartile of South African dividend payers (7.5%). In line with average of industry peers (8.7%). Announcement • Nov 28
Burstone Group Limited Appoints Vuyisa Nkonyeni as Member of the Audit & Risk and Investment Committee The Board of Burstone Group Limited notified shareholders of the appointment of Vuyisa Nkonyeni, currently an independent non-executive director, as a member of the Audit & Risk and Investment Committee of the Group with immediate effect. Vuyisa has over 25 years of experience in investment banking and private equity. As a chartered accountant, he trained with PricewaterhouseCoopers before joining Deutsche Bank in 1997, focusing on corporate and project finance advisory for four years. He has held various executive roles, including Financial Director at Worldwide African Investment Holdings, Finance Director at Zatic Group, Director of Investments at Tiso Group, Deputy CEO, and later CEO of Kagiso Tiso Holdings (KTH). He served as CEO of KTH from January 2012 until December 2017. Currently, Vuyisa runs a family private equity business and serves on the boards of Barloworld Ltd. and Guardrisk Group (Pty) Ltd. Reported Earnings • Nov 25
First half 2025 earnings released: R1.02 loss per share (vs R0.58 profit in 1H 2024) First half 2025 results: R1.02 loss per share (down from R0.58 profit in 1H 2024). Revenue: R1.01b (up 2.1% from 1H 2024). Net loss: R810.1m (down 273% from profit in 1H 2024). Revenue is expected to fall by 1.4% p.a. on average during the next 3 years compared to a 10% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, the company's share price growth rate has exceeded its earnings growth rate by 93 percentage points per year, which is a significant difference in performance. Declared Dividend • Nov 22
First half dividend reduced to R0.45 Dividend of R0.45 is 8.1% lower than last year. Ex-date: 11th December 2024 Payment date: 17th December 2024 Dividend yield will be 8.6%, which is lower than the industry average of 9.2%. Announcement • Sep 26
Burstone Group Limited to Report First Half, 2025 Results on Nov 20, 2024 Burstone Group Limited announced that they will report first half, 2025 results on Nov 20, 2024 Recent Insider Transactions Derivative • Sep 06
CEO & Executive Director exercised options to buy R1.4m worth of stock. On the 3rd of September, Andrew Wooler exercised options to buy 153k shares at a strike price of around R8.66, costing a total of R1.3m. This transaction amounted to 46% of their direct individual holding at the time of the trade. Since September 2023, Andrew has owned 334.51k shares directly. Company insiders have collectively bought R1.9m more than they sold, via options and on-market transactions, in the last 12 months. Announcement • Aug 14
Burstone Group Limited Announces Board and Committee Changes Burstone Group Limited announced that Mrs. CWN Molope, an Independent Non-Executive Director, will not be standing for re-election at the forthcoming annual general meeting of Burstone, having served on the board of directors for three years. Accordingly, Mrs. Molope will retire as a director and as Chairperson of the Audit & Risk Committee, with effect from 15 August 2024. The Board has appointed Mr. PA Theodosiou to act as Interim Chairperson of the Burstone Audit & Risk Committee until such time that a new Chairperson of the committee is elected. Reported Earnings • Jul 10
Full year 2024 earnings released: EPS: R0.29 (vs R0.24 in FY 2023) Full year 2024 results: EPS: R0.29 (up from R0.24 in FY 2023). Revenue: R2.05b (up 14% from FY 2023). Net income: R232.4m (up 19% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is expected to fall by 1.3% p.a. on average during the next 3 years compared to a 7.3% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Announcement • Jul 06
Burstone Group Limited, Annual General Meeting, Aug 15, 2024 Burstone Group Limited, Annual General Meeting, Aug 15, 2024. Location: 4th floor, 4 sandown valley, crescent, sandton, South Africa Upcoming Dividend • Jun 07
Upcoming dividend of R0.41 per share Eligible shareholders must have bought the stock before 12 June 2024. Payment date: 18 June 2024. Trailing yield: 12%. Within top quartile of South African dividend payers (9.1%). Higher than average of industry peers (11%). Reported Earnings • May 28
Full year 2024 earnings released: EPS: R0.29 (vs R0.24 in FY 2023) Full year 2024 results: EPS: R0.29 (up from R0.24 in FY 2023). Revenue: R2.05b (up 13% from FY 2023). Net income: R232.4m (up 19% from FY 2023). Profit margin: 11% (in line with FY 2023). Revenue is expected to fall by 5.7% p.a. on average during the next 2 years compared to a 7.4% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 38% per year but the company’s share price has only fallen by 13% per year, which means it has not declined as severely as earnings. Declared Dividend • May 24
First half dividend reduced to R0.41 Dividend of R0.41 is 15% lower than last year. Ex-date: 12th June 2024 Payment date: 18th June 2024 Dividend yield will be 13%, which is higher than the industry average of 9.2%. Announcement • Mar 28
Burstone Group Limited to Report Fiscal Year 2024 Results on May 22, 2024 Burstone Group Limited announced that they will report fiscal year 2024 results on May 22, 2024 Board Change • Dec 01
High number of new directors There are 5 new directors who have joined the board in the last 3 years. Independent Non-Executive Director Paul Theodosiou was the last director to join the board, commencing their role in 2023. The company’s lack of board continuity is considered a risk according to the Simply Wall St Risk Model. Upcoming Dividend • Nov 29
Upcoming dividend of R0.49 per share at 13% yield Eligible shareholders must have bought the stock before 06 December 2023. Payment date: 11 December 2023. Trailing yield: 13%. Within top quartile of South African dividend payers (9.0%). Higher than average of industry peers (10%). Reported Earnings • Nov 19
First half 2024 earnings released: EPS: R0.58 (vs R0.93 in 1H 2023) First half 2024 results: EPS: R0.58 (down from R0.93 in 1H 2023). Revenue: R986.4m (up 8.7% from 1H 2023). Net income: R467.4m (down 37% from 1H 2023). Profit margin: 47% (down from 82% in 1H 2023). Revenue is expected to fall by 1.1% p.a. on average during the next 3 years compared to a 3.7% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 16% per year but the company’s share price has only fallen by 2% per year, which means it has not declined as severely as earnings. Recent Insider Transactions • Sep 17
CEO & Executive Director recently bought R579k worth of stock On the 12th of September, Andrew Wooler bought around 77k shares on-market at roughly R7.50 per share. This transaction amounted to 30% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. This was Andrew's only on-market trade for the last 12 months. Announcement • Aug 04
Investec Property Fund Limited Elects RG Tomlinson as Member of Audit and Risk Committee Investec Property Fund Limited at the Annual General Meeting held on 03 August 2023, approved election of RG Tomlinson as member of Audit and Risk Committee. Announcement • Jul 23
Investec Property Fund Limited Announces Change of Company Secretary Investec Property Fund Limited announced that Mr. Pieter van der Sandt has been appointed as the Fund's Company Secretary with effect from 14 August 2023. Mr. van der Sandt will replace Investec Bank Limited as Company Secretary. Mr. van der Sandt is an admitted advocate of the High Court with more than 20 years of corporate law and company secretarial experience, having served in various capacities in listed and unlisted corporates including Onderstepoort Biological Products (SOC) Ltd, Mediclinic International plc and Bell Equipment Ltd. Mr. van der Sandt holds a Bachelor of Laws (LLB Degree) from the University of Pretoria. The Board is satisfied that Mr. van der Sandt has the requisite knowledge and experience to fulfil the role of Company Secretary and wishes him well in this new role. Upcoming Dividend • Jun 06
Upcoming dividend of R0.48 per share at 13% yield Eligible shareholders must have bought the stock before 13 June 2023. Payment date: 19 June 2023. Trailing yield: 13%. Within top quartile of South African dividend payers (9.5%). Higher than average of industry peers (9.9%). Reported Earnings • May 21
Full year 2023 earnings released: EPS: R0.24 (vs R1.29 in FY 2022) Full year 2023 results: EPS: R0.24 (down from R1.29 in FY 2022). Revenue: R1.85b (up 24% from FY 2022). Net income: R194.9m (down 81% from FY 2022). Profit margin: 11% (down from 70% in FY 2022). Revenue is expected to fall by 12% p.a. on average during the next 2 years compared to a 1.7% decline forecast for the REITs industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has remained flat, which means it is well ahead of earnings. Price Target Changed • Mar 22
Price target decreased by 11% to R10.67 Down from R11.96, the current price target is an average from 2 analysts. New target price is 32% above last closing price of R8.07. Stock is down 31% over the past year. The company posted earnings per share of R1.29 last year. Announcement • Jan 24
Investec Property Fund Limited Announces Appointment of Jenna Catherine Sprenger as Permanent Chief Financial Officer Investec Property Fund Limited announced further to the announcement released on SENS on 18 May 2022, advising of the appointment of Jenna Catherine Sprenger as interim chief financial officer (CFO) with effect from 01 July 2022, the Board announced that Ms Sprenger has been appointed as the permanent CFO of the Company, with effect from 20 January 2023. Ms Sprenger joined the Fund in August 2014 and became an integral part of the management team in supporting the growth of the business. She fulfilled the role of Chief Financial Officer (CFO) from 01 December 2018 to 30 November 2020, at which time she stepped down from the role to spend more time with her young family. During the last two and a half years, Ms Sprenger has been responsible for managing the Fund's balance sheet, assisted in driving the Fund's Environmental, Social and Governance (ESG) strategy and been instrumental in the operation of the European platform. Upcoming Dividend • Dec 06
Upcoming dividend of R0.51 per share Eligible shareholders must have bought the stock before 13 December 2022. Payment date: 19 December 2022. Trailing yield: 11%. Within top quartile of South African dividend payers (8.6%). In line with average of industry peers (12%). Price Target Changed • Nov 29
Price target decreased to R11.26 Down from R12.15, the current price target is an average from 2 analysts. New target price is 16% above last closing price of R9.69. Stock is down 18% over the past year. The company posted earnings per share of R1.29 last year. Reported Earnings • Nov 25
First half 2023 earnings released: EPS: R0.93 (vs R0.55 in 1H 2022) First half 2023 results: EPS: R0.93 (up from R0.55 in 1H 2022). Revenue: R791.5m (up 4.5% from 1H 2022). Net income: R745.0m (up 68% from 1H 2022). Profit margin: 94% (up from 59% in 1H 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 4.6% p.a. on average during the next 2 years, while revenues in the REITs industry in South Africa are expected to remain flat. Over the last 3 years on average, earnings per share has fallen by 11% per year whereas the company’s share price has fallen by 15% per year. Announcement • Sep 23
Investec Property Fund Limited to Report First Half, 2023 Results on Nov 16, 2022 Investec Property Fund Limited announced that they will report first half, 2023 results on Nov 16, 2022 Reported Earnings • Jul 03
Full year 2022 earnings released: EPS: R1.29 (vs R0.13 in FY 2021) Full year 2022 results: EPS: R1.29 (up from R0.13 in FY 2021). Revenue: R1.49b (up 2.3% from FY 2021). Net income: R1.04b (up R930.6m from FY 2021). Profit margin: 70% (up from 7.4% in FY 2021). Net asset value (NAV) per share: R16.96 (up 1.9% from FY 2021). The current share price is 40% lower than NAV per share. Over the next year, revenue is expected to shrink by 2.1% compared to a 7.7% decline forecast for the reits industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 30% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Announcement • Jul 02
Investec Property Fund Limited, Annual General Meeting, Aug 01, 2022 Investec Property Fund Limited, Annual General Meeting, Aug 01, 2022, at 09:00 South Africa Standard Time. Upcoming Dividend • Jun 01
Upcoming dividend of R0.52 per share Eligible shareholders must have bought the stock before 08 June 2022. Payment date: 13 June 2022. Trailing yield: 8.5%. Within top quartile of South African dividend payers (7.9%). In line with average of industry peers (8.2%). Reported Earnings • May 22
Full year 2022 earnings released: EPS: R1.29 (vs R0.13 in FY 2021) Full year 2022 results: EPS: R1.29 (up from R0.13 in FY 2021). Revenue: R1.49b (up 2.3% from FY 2021). Net income: R1.04b (up R930.6m from FY 2021). Profit margin: 70% (up from 7.4% in FY 2021). Net asset value (NAV) per share: R16.96 (up 1.9% from FY 2021). The current share price is 28% lower than NAV per share. Over the next year, revenue is forecast to grow 7.4% compared to a 10% decline forecast for the reits industry in South Africa. Over the last 3 years on average, earnings per share has fallen by 34% per year but the company’s share price has only fallen by 7% per year, which means it has not declined as severely as earnings. Board Change • Apr 27
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Philip Hourquebie was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Announcement • Jan 25
M & F Giuricich Developments (Pty) Ltd agreed to acquire Three retail warehouses from Investec Property Fund Limited (JSE:IPF) for approximately ZAR 270 million. M & F Giuricich Developments (Pty) Ltd agreed to acquire Three retail warehouses from Investec Property Fund Limited (JSE:IPF) for approximately ZAR 270 million on January 24, 2022. The assets are in Bloemfontein in the Free State, which is being sold for ZAR 99 million, Polokwane in Limpopo for ZAR 107 million and Witbank in Mpumalanga for ZAR 65 million. In the short term, the sale proceeds would be used to pay down debt and further reduce loan-to-value to 37.9%. Board Change • Dec 23
Less than half of directors are independent There is 1 new director who has joined the board in the last 3 years. The new board member was not an independent director. The company's board is composed of: 1 new director. 6 experienced directors. 2 highly experienced directors. 4 independent directors (5 non-independent directors). Independent Non-Executive Director Philip Hourquebie was the last independent director to join the board, commencing their role in 2016. The following issues are considered to be risks according to the Simply Wall St Risk Model: Minority of independent directors. Insufficient board refreshment. Upcoming Dividend • Dec 01
Upcoming dividend of R0.50 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 13 December 2021. Trailing yield: 8.3%. Within top quartile of South African dividend payers (7.6%). In line with average of industry peers (8.7%). Upcoming Dividend • Dec 01
Upcoming dividend of R0.50 per share Eligible shareholders must have bought the stock before 08 December 2021. Payment date: 13 December 2021. Trailing yield: 8.3%. Within top quartile of South African dividend payers (7.6%). In line with average of industry peers (8.7%). Reported Earnings • Nov 20
First half 2022 earnings released: FFO R0.53 per share (vs R0.49 in 1H 2021) The company reported a strong first half result with improved earnings, revenues and profit margins. First half 2022 results: Revenue: R757.3m (up 4.0% from 1H 2021). Funds from operations (FFO): R425.3m (up 12% from 1H 2021). FFO margin: 56% (up from 52% in 1H 2021). Over the last 3 years on average, earnings per share has fallen by 46% per year but the company’s share price has only fallen by 10% per year, which means it has not declined as severely as earnings. Board Change • Sep 28
Less than half of directors are independent Following the recent departure of a director, there are only 5 independent directors on the board. The company's board is composed of: 5 independent directors. 6 non-independent directors. Independent Non-Executive Board Chair & Lead Director Moss Ngoasheng was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Executive Departure • Aug 13
Non-Executive Chairman Sam Hackner has left the company On the 7th of August, Sam Hackner's tenure as Non-Executive Chairman ended after 10.4 years in the role. As of March 2021, Sam still personally held 12.33m shares (R120m worth at the time). A total of 4 executives have left over the last 12 months. The current median tenure of the management team is 2.67 years. Executive Departure • Aug 05
Independent Non-Executive Director Suliman Mahomed has left the company On the 2nd of August, Suliman Mahomed's tenure as Independent Non-Executive Director ended after 9.2 years in the role. We don't have any record of a personal shareholding under Suliman's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.67 years. Executive Departure • Aug 05
Non-Executive Director Luigi Luca Giuricich has left the company On the 2nd of August, Luigi Luca Giuricich's tenure as Non-Executive Director ended after 8.7 years in the role. We don't have any record of a personal shareholding under Luigi Luca's name. A total of 3 executives have left over the last 12 months. The current median tenure of the management team is 2.67 years. Reported Earnings • Jul 04
Full year 2021 earnings released: FFO R0.98 per share (vs R1.53 in FY 2020) The company reported a poor full year result with weaker earnings, revenues and profit margins. Full year 2021 results: Revenue: R1.46b (down 18% from FY 2020). Funds from operations (FFO): R785.5m (down 31% from FY 2020). FFO margin: 54% (down from 64% in FY 2020). Net asset value (NAV) per share: R16.65 (down 8.5% from FY 2020). The current share price is 37% lower than NAV per share. Over the last 3 years on average, earnings per share has fallen by 36% per year but the company’s share price has only fallen by 12% per year, which means it has not declined as severely as earnings. Upcoming Dividend • Jun 02
Upcoming dividend of R0.48 per share Eligible shareholders must have bought the stock before 09 June 2021. Payment date: 14 June 2021. Trailing yield: 8.6%. Within top quartile of South African dividend payers (7.7%). Lower than average of industry peers (11%). Price Target Changed • Jun 01
Price target increased to R12.00 Up from R10.00, the current price target is provided by 1 analyst. New target price is 12% above last closing price of R10.70. Stock is up 23% over the past year. Recent Insider Transactions • May 26
Non-Executive Chairman recently bought R381k worth of stock On the 24th of May, Sam Hackner bought around 35k shares on-market at roughly R10.86 per share. This was the largest purchase by an insider in the last 3 months. Sam has been a buyer over the last 12 months, purchasing a net total of R688k worth in shares. Announcement • Apr 30
An unknown buyer acquired Pan-European Light Industrial Portfolio from Investec Property Fund Limited (JSE:IPF) and others. An unknown buyer acquired Pan-European Light Industrial Portfolio from Investec Property Fund Limited (JSE:IPF) and others on April 28, 2021. As per the terms, buyer will acquire 25% of the portfolio from Investec Property for €51.2 million and 75% of the portfolio from others. The sale proceeds will be utilized to further de-lever Investec Property Fund’s balance sheet. Investec Bank Limited acted as financial advisor for Investec Property.
An unknown buyer completed the acquisition of Pan-European Light Industrial Portfolio from Investec Property Fund Limited (JSE:IPF) and others on April 28, 2021. Is New 90 Day High Low • Jan 13
New 90-day high: R9.54 The company is up 19% from its price of R8.01 on 15 October 2020. The South African market is up 11% over the last 90 days, indicating the company outperformed over that time. It also outperformed the REITs industry, which is up 14% over the same period. Is New 90 Day High Low • Dec 18
New 90-day high: R9.40 The company is up 2.0% from its price of R9.20 on 18 September 2020. The South African market is up 11% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is up 16% over the same period. Recent Insider Transactions • Nov 25
Non-Executive Chairman recently bought R307k worth of stock On the 20th of November, Sam Hackner bought around 39k shares on-market at roughly R7.95 per share. This was the largest purchase by an insider in the last 3 months. Sam has been a buyer over the last 12 months, purchasing a net total of R13m worth in shares. Is New 90 Day High Low • Oct 29
New 90-day low: R7.82 The company is down 15% from its price of R9.25 on 31 July 2020. The South African market is down 2.0% over the last 90 days, indicating the company underperformed over that time. It also underperformed the REITs industry, which is down 12% over the same period. Announcement • Jul 30
Clients of Coronation Asset Management Proprietary Limited acquired an unknown stake in Investec Property Fund Limited (JSE:IPF). Clients of Coronation Asset Management Proprietary Limited acquired an unknown stake in Investec Property Fund Limited (JSE:IPF) on July 20, 2020. Post transaction, clients of Coronation Asset Management Proprietary Limited hold 15.10% stake.
Clients of Coronation Asset Management Proprietary Limited completed the acquisition of an unknown stake in Investec Property Fund Limited (JSE:IPF) on July 20, 2020. 
