Balwin reports huge gains days after interdicting protesting residents
Balwin Properties told shareholders it was investing in backup and renewable energy solutions in order to provide a more attractive offering.
Stay updated with breaking news from Balwin Properties. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Balwin Properties told shareholders it was investing in backup and renewable energy solutions in order to provide a more attractive offering.
JSE-listed property developer Balwin Properties has increased revenue by 6% to R3.3-billion and group profit by 20% to R437-million for the year ended February 28. The company also declared a final gross dividend of 14.1c a share, bringing the total dividend for the year to 24c, up from 20.9c a share in the 2022 financial year.
And spiking interest rates…
Balwin and residents of its estates are in court over alleged problems at the JSE-listed company's luxury apartments in the Waterfall City.
The court interdict against residents from Munyaka Estate who were protesting being without power since Sunday restrained them from blocking any authorised activity in the building.