Centum's real estate portfolio lifts credit rating by SA agency
https://www.businessdail...1588-udl1gqz/index.html
GCR has retained the national scale ratings assigned to Centum of A(KE) for long term borrowing and A1(KE) for short term debt.
“Much of the value creation has largely been driven by (assets) growth and real estate portfolios, with two more large property ventures expected to contribute strongly to realised and fair value profits over the next few years,” GCR says in the ratings note.
The publicly-traded investment firm plans to resume drilling of more geothermal wells in Naivasha, through its renewable energy arm Akiira Geothermal, from next month.
Greedy when others are fearful. Very fearful when others are greedy - to paraphrase Warren Buffett