In this note, we continue with the 4th quarter 2020 results of our FNB Commercial Property Broker Survey, which surveys a sample of commercial property brokers in the 6 major metros of South Africa, ie. City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

Attacq Limited, the JSE-listed REIT and owner and developer of the iconic Waterfall precinct, recently concluded two disposal transactions.

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JSE-listed property company MAS Real Estate confirmed that the tranche of 41.7 million of its shares sold Friday 15 January 2021 for R500-million has been acquired for the benefit of the Mary Oppenheimer family interests, under the guidance of advisor Stockdale Street Ltd.

The Monetary Policy Committee has decided to keep the repo rate unchanged at 3.5% per annum, Reserve Bank Governor, Lesetja Kganyago, has announced.

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.

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. 

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.

Those in the business community have shown significant interest in the Government's plans to revive the economy in the wake of the Covid-19 pandemic and its negative impact economically.