We continue with the 4th quarter 2020 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

In this note, we continue with the 4th quarter 2020 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in the 6 major metros of South Africa, ie. City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

Real estate has long been a rewarding sector of the financial markets. Like all sectors, share prices and the underlying fundamentals of commercial property assets weakened in early 2020, as South Africa and the rest of the world came to grips with managing through the pandemic, with some sectors suffering more than others.

Attacq, the Real Estate Investment Trust (REIT) and developers of Africa’s largest mix–use development, Waterfall are pleased to announce the appointment of its Chief Development Officer, Giles Pendleton as the new Chairman of the Green Building Council South Africa, replacing outgoing Chairman IIse Swanepoel.

Competing against real estate companies from around the country, this is the 14th year that Pam Golding Properties has received the prestigious 5-Star award for ‘Best Real Estate Agency in South Africa’ (over 20 offices) in the world-renowned International Property Awards.

A silver lining amongst the many dark clouds dominating South Africa’s current economy is, thanks to recent interest rate cuts, commercial real estate - especially purpose-built quality logistics assets supporting the ongoing e-commerce boom in the country.

By late-2019, all 3 major provinces had seen the rental payment performance of their Commercial Property tenant population slide mildly from highs reached a few years prior.

Tradehold’s South African business, the Collins Group, delivered outstanding results in the six months to end August, achieving a net profit of £3.3m.

As the country emerges from COVID-19-related lockdowns, the hard lockdown having been in April and May 2020, high frequency data points to quite a lengthy road back to “full” recovery for the economy.

If there is one thing property investors in Africa can be certain of during the Covid-19 pandemic, it is that nothing is 100% certain.

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