Johannesburg — UK-BASED property fund CIREF, which has a significant South African shareholding, reported a net loss of more than R400m in a depressed UK property market.
The company said on Friday it had to put certain developments on hold since banks had become more stringent on lending because of the credit crisis.
...
AllAfrica Subscription Content
You must be an allAfrica.com subscriber for full access to certain content.
You have selected an article from the AllAfrica archive, which requires a subscription. You can subscribe by visiting our subscription page. Or for more information about becoming a subscriber, you can read our subscription and contribution overview.
For information about our premium subscription services:
You can also freely access - without a subscription - hundreds of today's top Africa stories and thousands of recent news articles from our home page »
Already a subscriber? Sign in for full access to article