NAP feels brunt of BCL closure in Phikwe

Friday, November 03, 2017

Riverwalk mall is NAP's biggest property but the company has other assets across the country

The closure of BCL Mine has affected New African Properties’ (NAP) portfolio in Selebi-Phikwe resulting in an increase in both vacancies and rental arrears.

Commenting on the group’s financial results for the year ended July 31, 2017, the group chief executive officer (CEO) Tobias Mynhardt said they had exposure in Selebi-Phikwe, which has been impacted by the closure of the BCL in October last year.

The exposure to Selebi-Phikwe is 2.7% of the total property value and 3.4% of total rental at year-end.

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NAP feels brunt of BCL closure in Phikwe

The closure of BCL Mine has affected New African Properties’ (NAP) portfolio in Selebi-Phikwe resulting in an increase in both vacancies and rental arrears.

42 out of 45 bodies of Limpopo bus crash victims identified

Selefu

Selefu

Civil Society threatens court action over constitution amendment

Fans urged to fill up stadium

Coaches take jabs ahead of derby

A city divided!

Civil Society threatens Masisi with legal action

Routine child vaccination imperative