Building the way forward in South Africa’s commercial property market.

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).

Tuesday, 08 September 2020 13:35

GDP contracts by 51% under lockdown

The South African economy contracted by a staggering 51% in Quarter 2 of 2020, as the country reeled from the consequences of the COVID-19 enforced lockdown, Statistician-General Risenga Maluleke has revealed.

Further repo rate cut would have provided relief for economy and boosted housing market, says Dr Andrew Golding.

The FNB Commercial Property Broker Survey surveys a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

Business parks are coming into their own as a viable asset class in commercial real estate, especially in the midst of the COVID-19 pandemic.

Creativity is on the march across the retail landscape as sector players get to grips with shifting consumer values and influences in the wake of the Covid-19 pandemic.

“Women in SA need to be given the opportunity to participate meaningfully, including in the construction industry,” said Department of Public Works and Infrastructure Minister Patricia de Lille.

Government will in the coming months expedite the implementation of at least 50 infrastructure projects with a total investment value of more than R340 billion.

The Rawson Property Group is proud to announce that its MD, Tony Clarke, has officially been appointed Chairman of the Board of Real Estate Business Owners of South Africa (REBOSA).

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