Tuesday, 08 December 2020 16:43

GDP recovers to 66.1% growth

The South African economy began its journey to recovery during the third quarter of 2020 - this after the national lockdown aimed at curbing the spread of COVID-19 had sent it into a tailspin.

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.

Those in the business community have shown significant interest in the Government's plans to revive the economy in the wake of the Covid-19 pandemic and its negative impact economically.

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.

Conscious consumers are championing the resale of goods to reduce waste and extend the active life of garments and other products, and innovators in the retail sector are responding.

JSE listed REIT Octodec Investments Limited, today announced its annual results for the year to 31 August 2020, against a weakening economic environment exacerbated by the COVID-19 pandemic and subsequent lockdown.

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

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.

Investec Property Fund Limited (IPF or the Fund) has announced a 33.9% decline in distributable earnings yoy to 46.87cps (H1 FY20: 70.93cps) primarily due to the impact of COVID-19 related concessions and tenant failures that affected investments largely in South Africa.

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