Real (inflation-adjusted) retail sales growth for June came in at a negative -2.5% year-on-year rate, weaker than the previous month’s slightly positive +0.1%. 

Covid-19 lockdown didn’t change the direction of the rising long-term Work from Home (WFH) trend.

The fuel price reduction is not yet expected to be sufficient to stop an anticipated weakening in commercial property demand in the 2nd half of 2022, as lagged direct and indirect impacts from earlier fuel price hikes feed through.

This is a question that most business owners will face at some point in their journey. The decision will depend on several factors including the life stage of your business, your plans, your financial stability and property cycle.

It is well-known that the cumulative fuel price increase has added significantly to overall consumer price inflation, and this further increase sustains this pressure.

Over the last couple of months, the commercial property sector has experienced challenges that posed threats to recovery following lockdowns in 2020 and 2021.

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.

The FNB Commercial Property Broker Survey surveys a sample of commercial property brokers in and around the 6 major metros of South Africa, namely, City of Joburg and Ekurhuleni (Greater Johannesburg), Tshwane, Ethekwini, City of Cape Town and Nelson Mandela Bay.

FNB Commercial Property Finance alongside partners Kiron Projects launched the Windmill Park Project in Boksburg, an affordable housing estate which  caters for a wide spectrum of the housing market.