Matter of fact
ON the front page of our Wednesday’s issue we carried an article, which indicated that Old Mutual’s properties had experienced an exodus of tenants due to high rentals, which is in fact misleading.
As a matter of fact Old Mutual has scrapped its proposed 30 percent rental increment and the six-month advance payment requirement for tenants leasing the firm’s properties.
The rental rates indicated in the story are also inaccurate.
We apologise for any inconvenience caused to Old Mutual and all relevant stakeholders.
Old Mutual currently charges market competitive rates and the exodus witnessed at some of its properties is a result of factors that have nothing to do with Old Mutual directly.
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