Delta Property Fund lands new CFO with SAA experience

Delta Property Fund has appointed former SAA interim CFO Fikile Mhlontlo as its new CFO.

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