The rand has been surprisingly strong since early April, with a few reversals along the way. What is driving this and how long can it last?

JSE-listed EPP, Poland’s biggest retail landlord, reported results for the six-months ended 30 June 2020 that reveal a business with increased operational resilience.

Fairvest Property Holdings Limited (“Fairvest”) today announced results for the year to 30 June 2020, with total distribution for the year of 21.038 cents per share, down 3.4% decrease on the prior year. 

Attacq Limited (“Attacq”), The South African-based REIT today announced its financial results for the year ended 30 June 2020.

The current, exceptionally low interest rates in South Africa have sparked off a sudden and unexpected call for residential property bonds.

The further reduction of the repo rate by 25 basis points to an all-time low of 3.5% takes the prime interest rate down to 7%, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

In the economic turmoil caused by Covid-19 lockdown, many people have not been able to pay their residential rent. Under government lockdown regulations – which try to ameliorate this problem – where do tenants and landlords stand legally?

Encouraging financial results revealed by 4AX listed company Heartwood Properties Cape Town, 18 June 2020.

“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.

The current state of the economy brought about by many factors including the Covid 19 Pandemic and the recent downgrade to junk status is having an unparalleled effect on the real estate industry in South Africa.