The success of online Property Auctions
The current state of the economy brought about by many factors including the Covid 19 Pandemic and the recent downgrade to junk status is having an unparalleled effect on the real estate industry in South Africa.
As lockdown eases, how much consumer spend will return?
On Sunday evening, the President announced a relaxation in COVID-19-related lockdown measures, from level 4 to level 3 as from 1 June, which means the opening up of most retail activity, excluding restaurant and pub facilities.
Tradehold confident of surviving COVID-19
Despite a drop in profits, Tradehold’s management believes the company, which operates mainly in South Africa and the UK, has weathered well the highly volatile and demanding conditions that defined its 2020 financial year to end February.
Construction industry may lose over 110 000 jobs and R14.9bn in wages
It is vital that the entire construction industry be allowed to return to work as soon as possible.
Investec Property Fund delivers a solid performance in a challenging environment
Investec Property Fund Limited (IPF or the Fund) is pleased to announce H2 2020 earnings available for distributionof 75.7cps (H2 2019: 73.5cps) representing 3.0% year-on-year growth.
Strong demand bolsters Balwin's revenue despite economic headwinds (results for the year ended 29 Feb 2020)
JSE listed Balwin Properties, a developer that cares about environmentally responsible building practices and the delivery of high-quality apartments to its valued clients, reported continued strong demand for its unique lifestyle apartments despite increased economic headwinds.
Spear REIT posts 6.06% earnings growth amidst tough trading environment
Spear REIT Limited (SEA:SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, reported its annual financial results today, posting 6.06% earnings growth amidst some of the toughest trading environments in recent years for the South African listed real estate sector.
Severe recession in 2020 expected to have a severe impact on tenant payment performance.
During the Corona Crisis-related lockdowns, many residential rental tenants would have seen their incomes decline sharply, and in certain instances even drop to zero.
Redefine achieves impressive tenant retention of 96% in the face of ongoing COVID-19 uncertainty
With the COVID-19 virus and related uncertainty continuing to weigh on businesses, Redefine Properties (JSE: RDF) has announced a 32% fall in its distributable income per share for the six months ended 29 February 2020 to 33.46 cents from 49.19 cents in the prior comparable period.
Equites Property Fund annual results for the year ended 29 February 2020
Equites Property Fund Limited today announced a 9.4% increase in distributable earnings per share and dividends per share.
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