Gerhard Kotzé, MD of the RealNet estate agency group, says that while the real estate sector is currently performing very well in spite of the major contraction in the economy this year.

South-African focused JSE-listed diversified REIT, Dipula Income Fund, today announced results for the year ended 31 August 2020 against a backdrop of substantial economic headwinds, exacerbated by Covid-19 (or “the pandemic”) related lockdown measures (“the lockdown measures”.)

The Minister of Finance hit the nail on the head when he said that it is not only investors who need confidence, but also the average South African, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

In a thought-provoking virtual seminar hosted today, over 200 industry stakeholders joined the Social Housing Regulatory Authority (SHRA) Investment Seminar to discuss the urgent solutions needed to address South Africa’s high-density social housing challenges and revitalise the country’s economy.

Latest GDP figures have laid bare the grim reality of COVID-19’s economic effects, revealing an unprecedented 51% decline in economic activity in the second quarter of this year (quarter-on-quarter, seasonally adjusted and annualised).

All eyes will be watching to see how the latest GDP figures impact the MPC’s interest rate decision next week, as well as eagerly awaiting the upcoming October Medium-Term Budget Policy Statement (MTBPS).

So asks Dr Andrew Golding, chief executive of the Pam Golding Property group.

Against the backdrop of ongoing measures to address the Covid-19 pandemic in South Africa, the Supplementary Budget 2020 highlighted several key aspects, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

“The COVID-19 Crisis has changed the world a lot, perhaps less through introducing new trends and more through speeding up old trends,” said John Loos, FNB Economist at an FNB Commercial Property Finance (CPF) webinar earlier today.

During the Corona Crisis-related lockdowns, many residential rental tenants would have seen their incomes decline sharply, and in certain instances even drop to zero.

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