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TRADEHOLD LIMITED - Impact of civil unrest on the Company's South African portfolio

Release Date: 26/07/2021 12:01
Code(s): TDH     PDF:  
Wrap Text
Impact of civil unrest on the Company's South African portfolio

Tradehold Limited
(Registration number: 1970/009054/06)
Incorporated in the Republic of South Africa
JSE Share code: TDH ISIN: ZAE000152658
("Tradehold" or "the Company")



IMPACT OF CIVIL UNREST ON THE COMPANY’S SOUTH AFRICAN PORTFOLIO


Shareholders are hereby notified that a total of 21 of Tradehold’s properties in KwaZulu-Natal were
damaged during the recent unrest in South Africa.

The estimated cost of damage is R41 million, excluding loss of rental. This represents approximately 0,5%
by value of Tradehold’s property portfolio in South Africa.

Most of the properties sustained relatively minor damages. however, 3 properties in Church Street,
Pietermaritzburg were extensively damaged, are now structurally unsound and will need to be demolished.

All the affected properties are comprehensively insured, including adequate SASRIA cover and loss of
income, and the damage sustained is well within the limits of the Company’s insurance cover.

Additional security measures have been put in place at key locations to safeguard the Company’s property
and tenants, and we continue to monitor the situation closely.


Cape Town
26 July 2021


JSE Sponsor to Tradehold
Questco Corporate Advisory Proprietary Limited

Date: 26-07-2021 12:01:00
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