Business Day: Delays at public words hit Delta

Delta Property Fund, which owns a big portfolio of government-tenanted buildings, has been hit by delays in the implementation of the new Department of Public Works leasing policy. The company declared a disappointing set of results on for the six months to August, with dividend payouts up only 1% year on year.  The department’s new policy framework was expected to be finalised in April, but in President Jacob Zuma’s cabinet reshuffle in March, former public works minister Thulas Nxesi was replaced with Nathi Nhleko, delaying the process.

View Article