Delta Property Fund has appointed former SAA interim CFO Fikile Mhlontlo as its new CFO.
- Mhlontlo will join Delta on July 18.
- Delta is valued at about R114m on the JSE.
- Delta said in June that it would continue to sell noncore assets to reduce debt.
- Delta is targeting state-owned entities to lease their vacant buildings as part of its turnaround strategy.
- Delta’s funds from operations slumped 69.6%.
- Delta’s share price has plunged more than 60% in the past year and more than 97% over the past five.