Redefine to lose $8m from rental relief, deferrals in 2021

South Africa's Redefine Properties said on Wednesday it will lose an estimated 125 million rand ($8.4 million) from rental relief and deferrals for the 2021 financial year due to the impact of the coronavirus but may pay an annual dividend. South African commercial real estate has been among the country's worst hit by the COVID-19 pandemic, along with travel and tourism.

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