The South African economy began its journey to recovery during the third quarter of 2020 - this after the national lockdown aimed at curbing the spread of COVID-19 had sent it into a tailspin.
JSE-listed Accelerate Property Fund today reported financial results for the six months ended 30 September 2020.
The negative effects of the COVID-19 pandemic and subsequent hard national lockdown cannot be overstated when it comes to the construction industry.
Redefine Properties, which turned 21 as a listed company this year, is well placed to benefit from logistics growth in Poland after hard lockdown restrictions locally and dividends withheld by offshore investments significantly dampened results for the year ended 31 August 2020.
Redefine Properties (JSE:RDF) has appointed the highly experienced Ntobeko Nyawo as its new CFO, with effect from 1 March 2021.
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.
Melt Hamman has announced his intention to resign from his role as the Chief Executive Officer (“CEO”) of Attacq, with effect from 30 April 2021.
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.
Sectional Title schemes that are not yet compliant with the reserve fund provisions of the Community Housing Schemes Ombud Services (CSOS) Act should rectify that position as soon as possible.
eProperty News is a leading online commercial property marketplace serving the Southern African Investment, Office, Retail and Industrial property and allied sectors.