LLR seeks partners for African campaign
Friday, September 29, 2023 | 200 Views |
Eyeing growth: Mowaneng says LLR is redoubling its efforts to expand into Africa
The listed group’s ‘Go to Africa’ strategy suffered a knock early this year when a shareholder tussle resulted in the exit of Grit Real Estate, the pan-African group that was leading LLR’s push into the continent.
From being the second largest equity holder with a 30% stake, Grit gradually shed its holdings in LLR to zero, citing a change in its strategy.
According to a report elsewhere in this publication, various district councils announced that a one-bedroom home now costs over P130,000 more, a near-unthinkable 32% increase. This isn't just a minor adjustment, but a devastating blow to the dream of affordable home ownership for ordinary citizens.What is most alarming is not just the scale of the increase, but the profound confusion it has exposed. Minister Ramogapi has publicly...