Friday, 01 May 2020 10:22

Disappointment at S&P downgrade

Government has expressed disappointment at rating agency S&P’s decision to downgrade South Africa’s sovereign rating amidst the COVID-19 pandemic.

Consulting Engineers South Africa (CESA) as part of the Construction COVID-19 Rapid Response Task Team (“CC19RRTT”) is calling on Government to make the Construction Sector part of the designated Essential Services.

The Property Industry Group has announced an industry-wide assistance and relief package for retail tenants that are hardest hit by complying with South Africa’s lockdown in the face of the COVID-19 pandemic.

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.

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.

Wednesday, 18 March 2020 13:20

Attacq Limited - Response to COVID-19

On 15 March 2020, President Cyril Ramaphosa declared a National State of Disaster in response to the global Covid-19 pandemic.

Consulting Engineers South Africa (CESA) is hosting its annual Infrastructure Indaba on 11-12 March 2020 at the Spier Conference Centre, Stellenbosch.

The South African Gross Domestic Product (GDP) contracted by 1.4% in the fourth quarter of 2019, Statistics South Africa (Stats SA) has revealed.

There is a direct link between the stability of an economy and ongoing development – and currently the local construction and property industries are undeniably experiencing a lull due to reduced expenditure by government on large scale infrastructure projects as well as uncertainty in the private sector investment markets.

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