The weeks that followed the hard lockdown at the end of March have been inconceivable for retailers.

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, it will be difficult to sustain this momentum without the consumer and business confidence that comes from a growing economy in which new jobs are being created.

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).

Wednesday, 16 September 2020 12:45

IFA Fair Zim Hotel & Resort enters business rescue

As the Covid-19 crisis continues to disrupt local and global travel and tourism markets, IFA Fair Zim Hotel & Resort Proprietary Limited announced today that the company entered business rescue on Wednesday 16 September 2020 to safeguard the interests of all its stakeholders.

When South Africa went into a hard lockdown on 27 March, government’s aim was to use the time to ramp up the readiness of healthcare facilities and hospitals around the country in preparation of the expected COVID-19 peak.

The Master Builders Association (MBA) North has broadly welcomed President Ramaphosa’s vision of massive infrastructure spending as the “flywheel” of South Africa’s recovery from the COVID-19 crisis.

Wednesday, 27 May 2020 11:48

The success of online Property Auctions

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.

The Master Builders Association (MBA) North is calling on government to assist the industry by proactively engaging with the industry to firm up the lockdown regulations as they pertain to the construction industry as timeously as possible.

Many businesses operating in South Africa are cautiously optimistic for what is in store for the remainder of this year.

Deeds Office reopening good news for sellers and buyers of property, as well as the property industry.

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