Three South African executives selling 13 properties to their own company for R745 million

• CMH is acquiring 13 properties valued at R745 million from its own executives, including CEO Jebb McIntosh, CFO Stuart Jackson, and executive director Bruce Barritt.
• The properties were previously rented on an arm's-length basis and generated R87 million in gross rental income over a 12-month period.
• The acquisition is expected to have a positive impact on CMH's balance sheet, with the company recognizing the properties as assets and reducing its rent payments.