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Court rules in favor of Fourways Mall owners in R1 billion insurance battle

Joint owners of Fourways Mall obtained high court rulings in their attempt to claim more than R1 billion from five insurance companies. ....

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Fourways Mall joint-owner writes down properties by R660m

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The other 50% stake in Fourways Mall is effectively owned by the Georgiou family. However, Accelerate’s CEO Michael Georgiou is listed as a major shareholder in the JSE-listed fund.
Accelerateâs latest R660 million write-down brings the total devaluation of its property portfolio to R1.66 billion over the last two financial years (FY 2020: just over R1 billion). ....

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