eProperty News
Thursday, 02 April 2020 21:46

Sisulu calls for a suspension of evictions

The Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has appealed to municipalities and private property owners to suspend evictions during the current lockdown as a result of the COVID-19 pandemic.

As the global community is grappling with COVID-19 and its ramifications, parties to commercial agreements have not been spared from panic in respect of the adverse effects of COVID-19 on commercial agreements.

The Moody’s downgrade of South Africa’s credit rating should have happened long ago.

Government has identified 17 land parcels for resettlement purposes for people who stay in informal settlements should the need arise, as the country deals with the spread of COVID-19.

As we are all too aware, as a business (or property) owner, the current power crisis in South Africa is having an extremely negative impact on many levels.

Exemplar REITail is providing exclusive access to its Malls for its elderly customers on Monday 30 March 2020, pension pay-out day.

With the South African Reserve Bank’s announcement of interest rates cut of 100 basis points and earlier transfer duty exemption for properties below R1 million by the Minister of Finance, local regulations have made it attractive for first-time home buyers to enter the market.

JSE-listed Texton Property Fund today announced that it is embarking on a planned leadership transition to tailor its executive composition to its new streamlined business structures and shifting operational needs.

In line with market expectation, the Reserve Bank has cut the repo rate by 100 basis points to 5.25% per annum, Governor Lesetja Kganyago announced on Thursday.

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