RDC banks on Masa Centre for growth
Thursday, August 13, 2015
According to the group’s executive chairman Guido Giachetti, Masa Centre continues to perform well and the revenue has increased by 12 percent to P18.4 million in the first six months of the year compared to P16.5 million in 2014.
“This is due to rental escalations, the growth of the Lansmore Masa Square Hotel turnover rental and reduced vacancies at the Centre,” he said.
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...