“The budget is ambitious and tackles the hard issues facing the country; I am pleased to see such an aggressive approach to tax but with the new tax structure consumers will feel a relief on their pockets resulting in more disposable income.  This is positive for the retail sector. Retail will stabilise slightly with no drastic spikes in buyer behaviour.”  Commented van der Walt.

Van der Walt added, “The growth projected in the budget is positive if you compare South Africa to the rest of the world, and I believe that the property sector will continue to grow.  South Africa is in a fortunate position as we look forward to 2010, with the continued commitment to developing further infrastructure the future for commercial property does look good.”

“There are still opportunities in the property sector and JHI remain confident that even in this tough economic downturn property is a solid investment, one that can show real returns.  My advice to property owners is to weather the storm.” Concluded van der Walt.