A gradually improving global economy and progress toward reducing deficits in advanced economies have lowered short-term fiscal risks, yet many countries still face a long road back to fiscal health.

The United States has long held sway over the global economy and as such its welfare has had far reaching implications for the rest of the world. Cue the sub-prime mortgage crisis in 2007 which effectively crashed the US housing market, and of which the effects are still very much in evidence, particularly in America and parts of Europe.

At the forefront of the South African commercial and industrial property sector is myriad of questions over the future of the industry.