The fourth interest rate cut of 2020, as announced on Thursday by the South African Reserve Bank Monetary Policy Committee, presents a mixed-bag for the property industry. The 50 basis point interest rate cut brought the cumulative repo rate reduction in the current interest rate cutting cycle to 3 percentage points (starting …
While it might not be back to work as usual just yet, estate agents can register as an essential service provider to facilitate incoming and outgoing inspections – now that the once-off movement to relocate has been put into effect. The permit is limited to “only providing support to other Alert Level …
By Klaus-Dieter Kaempfer Head: Commercial Property and Equity Investments, Absa The COVID-19 outbreak has had a systemic impact on the global economy, affecting many asset classes adversely across many geographies. The International Monetary Fund (IMF) recently published projections which indicated that global growth will decelerate by -3.0% in 2020 in …
South Africa’s lockdown is set to move to Alert Level 4 tomorrow, 1 May. The latest Regulations relating to the Schedule of Services and Framework of Sectors was gazetted and released on Thursday night, 29 April. They repeal all previous Regulations issued in terms of the COVID-19 pandemic dealing with the forced …
Does the move from level 5 lockdown to level 4 on Friday mean that people will be permitted to move home? It’s a question which tenants, new homeowners, landlords and removals companies desperately want answered. “I’m all packed, ready to move into my new home on the 1st, but there …
Tenants are also cautioned to consider the negative effects an eviction will have on their credit score as well as their ability to rent another property.April 25, 2020 The lockdown has left many tenants and landlords in precarious positions. Regional director and CEO of RE/MAX of Southern Africa Adrian Goslett …
By Tholo Makhaola, President of the South African Institute of Black Property Practitioners The South African Institute of Black Property Practitioners says already-vulnerable township businesses will bear the brunt of this pandemic if clear measures are not put into action to ensure a proper post-lockdown economic recovery for SA’s property sector. …
Economic relief during the Covid-19 pandemic is the first order of business for the newly-formed council of the broader property sector, the National Property Practitioners Council (NPPC) that will represent the sector going forward on issues connected with the property industry. For the first time in the history of the …
Separated parents are now allowed to move their children between houses during the nationwide Covid-19 lockdown, provided they meet certain legal requirements. While government had previously been unclear about the issue, new regulations regarding the matter were gazetted on Tuesday. Separated or divorced parents who want to move their children between them during the …
Human settlements, water and sanitation minister Lindiwe Sisulu has asked municipalities to halt the eviction of citizens during the 21-day national lockdown. In a statement on Thursday, Sisulu appealed to both municipalities and private property owners to stop evictions. SA is on day seven of the 21-day lockdown, which was …
What are the exceptions to the lockdown directives? Under the current lockdown directives, no child is allowed to be moved between parental homes, and must instead stay at the home of the primary caregiver, or the caregiver who can offer the best circumstances during the lockdown, for the duration. Section …
The health department has dismissed claims that Health Minister Zweli Mkhize had barred landlords from collecting rent money from their tenants for the next 90 days. The letter, with the department’s letterhead, made the rounds on social media. It claimed that the health minister had gazetted the regulations to deal …
