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.

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.

In line with market expectation, the Reserve Bank has cut the repo rate by 100 basis points to 5.25% per annum, Governor Lesetja Kganyago announced on Thursday.

JSE listed Spear REIT Limited, the owner of the Double Tree by Hilton Cape Town, is the first in South Africa to launch an innovative self-quarantine accomodation solution.

On 15 March 2020, President Cyril Ramaphosa declared a National State of Disaster in response to the global Covid-19 pandemic.