The newly-formed Khayelitsha Human Settlements Task Team has called for a freeze on all transfers and sales of land in Khayelitsha while a land audit is done by the City of Cape Town and made public.The team, formed at a meeting of the Khayelitsha Development Forum, said at its first press conference last week that land invasions in Khayelitsha “must be viewed as part of the bigger social issues which many South African townships are
Growthpoint Cape Town estimates it has spent R5 million to date on measures like sanitiser and temperature testing, as the CBD’s landlord and tennants look for common ground to survive . Cooperation and support between commercial landlords and tenants in Cape Town’s CBD – from rent relief measures to the successful implementation of Covid-19 protocols – are said to be ensuring South Africa’s most successful CBD will survive the dramatic economic knocks of the coronavirus
Globally, conditions are expected to remain unpredictable during the current Covid-19 pandemic. Accordingly, the South African Reserve Bank has stressed once again that in “this highly uncertain environment, future decisions will continue to be highly data dependent and sensitive to the balance of risks to the outlook.”This follows another 25 basis points cut to the repo rate, which brings the prime lending rate to 7% – boding well for a rebound of the hard-hit South
The exact impact of COVID-19 on offices in South Africa is a key point of debate, but their relevance for the future of business isn’t – with industry experts stating “offices will continue to be an essential part of doing business during and post the COVID-19 pandemic”.South Africa’s office market has seen high vacancy rates for a while now and it has only been exacerbated by the impact of the Covid-19 pandemic. This is according to the
Phil Barker, of Renishaw Property Developments, shares how the lockdown break from the hamster wheel of life has a number of people looking at the future differently… “Being largely confined to my home for the full lockdown period wasn’t nearly as tedious as I had imagined it would be. I feel strangely guilty saying this, but I quite enjoyed it! “Many of us have heard variants of this statement over the last two weeks. “Even