NGEBULANA BUYS MORE REBOSIS

Finweek English Edition - - INVESTMENT -

Prop­erty en­tre­pre­neur Sisa Ngebulana, who was re­cently fea­tured in a Fin­week cover story, has put his money where his mouth is and bought R2.4m worth of shares in the Rebosis Prop­erty Fund. Ngebulana bought 200 000 units at R12.20/share in a deal worth R2.4m. Rebosis has re­cently raised R475m through a book-build­ing ex­er­cise by is­su­ing new units at R11.60/share, and trades on an his­toric price to earn­ings mul­ti­ple of 9.4 times earn­ings and of­fers a div­i­dend yield of 7.3%.

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