Tuesday, 21 April 2020 21:20

Covid-19 compounds student housing crisis

The construction industry in South Africa has been brought to a halt by the spread of Covid-19.

Consulting Engineers South Africa (CESA) as part of the Construction COVID-19 Rapid Response Task Team (“CC19RRTT”) is calling on Government to make the Construction Sector part of the designated Essential Services.

The sudden announcement of the lockdown by President Ramaphosa understandably raised serious and immediate concerns in the building industry.

Alex Mall can confirm that two staff members from one of our anchor tenants, Pick ‘n Pay, have tested positive for Covid-19.

The Property Industry Group has announced an industry-wide assistance and relief package for retail tenants that are hardest hit by complying with South Africa’s lockdown in the face of the COVID-19 pandemic.

Currently we all speak from a position of absolute ignorance.

Thursday, 02 April 2020 21:46

Sisulu calls for a suspension of evictions

The Minister of Human Settlements, Water and Sanitation, Lindiwe Sisulu, has appealed to municipalities and private property owners to suspend evictions during the current lockdown as a result of the COVID-19 pandemic.

As the global community is grappling with COVID-19 and its ramifications, parties to commercial agreements have not been spared from panic in respect of the adverse effects of COVID-19 on commercial agreements.

Government has identified 17 land parcels for resettlement purposes for people who stay in informal settlements should the need arise, as the country deals with the spread of COVID-19.

Room for further interest rate cuts, says Dr Andrew Golding, CE of the Pam Golding Property group.

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