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Vukile hit by higher electricity and rates charges.
Byline: Thabang Mokopanele
Vukile hit by higher electricity and rates charges THABANG MOKOPANELE Property Editor PROPERTY loan stock company Vukile's distributions for the six months to September increased 6,6% to R138,9m, or 47c per linked unit, but higher electricity and rates and taxes charges had a negative effect on distributable earnings as these charges were not fully recovered from tenants.
Releasing the results yesterday, CEO Gerhard van Zyl said while there were some indications that the economy had turned the corner and was starting to improve, it would take some time for this to have a positive effect on the property sector. We therefore expect trading …
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