WATCH: Balwin CEO Steve Brookes talks strategy after profit slump

Balwin Properties’ The Huntsman development in Somerset West, Western Cape. Picture: SUPPLIED
Balwin Properties’ The Huntsman development in Somerset West, Western Cape. Picture: SUPPLIED

Balwin Properties has withheld an annual dividend and has posted a 50% decline in full-year profit as high interest rates, inflationary increases and prolonged stages of load-shedding affected consumer demand, loan affordability and investment in fixed property. Business Day TV discussed the company’s performance with its CEO Steve Brookes.

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