eProperty News

The sudden announcement of the lockdown by President Ramaphosa understandably raised serious and immediate concerns in the building industry.

Marc Wainer, founder, former Chairman and CEO of Redefine Properties, who started his career working in his parents' grocery and fish shop in Yeoville and went on to build one of the country’s largest and diversified Real Estate Investment Trust (REIT) listed on the JSE passed away earlier today at the age of 71.

The African Development Bank Group (www.AfDB.org) on 14 April 2020, announced the debarment of China Zhonghao Nigeria Limited, a civil engineering company registered in Nigeria, for 18 months, for fraudulent practices.

Alex Mall can confirm that two staff members from one of our anchor tenants, Pick ‘n Pay, have tested positive for Covid-19.

“In an unexpected but welcome announcement, the Monetary Policy Committee today (14 April 2020) announced a further 100bps cut in the repo rate, reducing it to just 4.25%.

The Monetary Policy Committee (MPC) of the South African Reserve Bank (SARB) has cut the interest rate by 100 basis points.

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.

Currently we all speak from a position of absolute ignorance.

Thursday, 02 April 2020 21:46

Sisulu calls for a suspension of evictions

The Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has appealed to municipalities and private property owners to suspend evictions during the current lockdown as a result of the COVID-19 pandemic.

Dube TradePort Special Economic Zone is poised to introduce to the Durban property market a R90 million mini-factory complex development, providing the ideal platform for Small, Medium and Micro Enterprises (SMMEs) requiring small-scale manufacturing and office space. 

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