“The board is satisfied the issues identified have no financial implications for the company and in no way go to the content or integrity of the company’s financial results, the group said yesterday, the same day it released results for the six month to end March, with showed the company reported a headline earnings loss over the period.
Arend de Kock has been appointed acting chief financial officer. The company had not responded to further questions on the issue at the time of going to press yesterday.
Arrowhead holds a portfolio of retail, office and industrial properties valued at R5.7billion. As at March 31, it also held a 59.6percent interest in Indluplace Properties, which owns residential properties. Arrowhead also held a 53.3percent shareholding in Gemgrow Properties, which owns commercial properties. A potential merger of Gemgrow and Arrowhead was announced on April 10, 2019.
Arrowhead also holds 16.4 percent of Rebosis Property Fund and an 8.6 percent interest in Dipula Income Fund.