As a result of the lockdown in South Africa, 14% of construction companies permanently shut their doors, according to a survey by Statistics South Africa released in May 2020.

MASSMART’S brand-new, cutting-edge centralised distribution centre for the Western Cape has been completed and is one of the largest, and most impressive of its kind in Cape Town, at just under 53 000 square metres in size.

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.

Spear REIT Limited (SEA:SJ), the only regionally specialised Real Estate Investment Trust (REIT) listed on the JSE, reported its interim financial results today.

Rural retail specialists, McCormick Property Development (MPD), are expanding their footprint in the Eastern Cape.

JSE REIT Stor-Age, South Africa’s leading and largest self storage property fund.

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.

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, it will be difficult to sustain this momentum without the consumer and business confidence that comes from a growing economy in which new jobs are being created.

The Minister of Finance hit the nail on the head when he said that it is not only investors who need confidence, but also the average South African, says Dr Andrew Golding, chief executive of the Pam Golding Property group.

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