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A company belonging to one of East London’s biggest businessmen is in the crosshairs of the public protector after a formal complaint over millions paid to it by the national government.But the company's attorneys told the Dispatch that not only were the claims that the business owed money false, but national government, in fact, owed them far more. ....
Properties belonging to the debt-ridden Rebosis Property Fund Ltd, including East London's Hemingways Mall, have been sold for just more than R7bn. ....
The sale of Rebosis properties including Hemingways Mall in East London and Bay West Mall in Gqeberha will only take place after the final purchaser's selection on July 27. ....
The Buffalo City Metro council is set to write off R65m in debt owed by the city’s biggest shopping mall. Rebosis Property Fund Ltd, which owns Hemingways Mall, approached the city asking for the write-off. The company, owned by Mthatha-born millionaire Sisa Ngebulane, is in business rescue. The mall owes the city more than R80m in rates and taxes and has gone to the municipality hat in hand for relief. ....