Whilst the onset of the pandemic has significantly impacted the commercial sector, it’s not all doom and gloom and there are ample opportunities for investors and landlords to harness the market shifts and translate them into opportunities if they remain flexible and do their homework.
In the current economic environment, businesses are keen to reduce debt by paying down their commercial loans.
The South African economy continues to rebound from the 2020 recession, albeit at different growth rates across sectors, the South African Reserve Bank’s Financial Stability Review (FSR) has revealed.
Results from the listed property sector in 2020 showed property values reducing by an average of around 8%. And while listed property is just one component of the South African property sector.
The first-phase upgrade of East Rand Mall taxi rank in the retail heart of Boksburg, Ekurhuleni, by the mall’s co-owners, Vukile Property Fund and Redefine Properties, will soon be complete.
Rural and township retail specialists, Exemplar REITail, have declared a final dividend of 49.07 cents per share for the year ended 28 February 2021.
The Monetary Policy Committee has decided against changing the repo rate, once again keeping it at 3.5% per annum, said Reserve Bank Governor Lesetja Kganyago.
Today’s announcement to hold the repo rate steady at 3.5% marks a full year that South Africans have been able to make the most of a historic low lending environment, says Carl Coetzee, CEO of BetterBond.
Over the past 15 years, the sectional title market in South Africa has become entrenched as a significant component of real estate sales, rising from 13% of total sales in 2005 to nearly 28% in 2020, says Pam Golding Properties.

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