SA commercial property sector still under pressure in 2024, CEOs say

Due to high finance costs unless the central bank starts to aggressively cut interest rates, executives of the country’s top two property groups said. Earnings growth in South Africa’s commercial real estate industry will still be under pressure in 2024 due to high finance costs unless the central bank starts to aggressively cut interest rates, executives of the country’s top two property groups said on Thursday. Commercial real estate […]

Constitutional concerns over controversial expropriation bills in South Africa

Government departments and parliamentary committees might duly invite members of the public to lodge written comments and representations on legislative Bills proposed by the government, but comments and representations received from the public risk being brushed aside. The national Constitution stipulates that government administration should conform to the democratic fundamental that the public must be encouraged to […]

Airbnb crackdown in South Africa

A new whitepaper from the Department of Tourism threatens the additional income small-time Airbnb hosts make from renting out rooms or garden cottages. The department first revealed its intention to regulate Airbnb and other home-sharing apps in April 2019 through the Tourism Amendment Bill. The bill aims to give the tourism minister the power to specify […]

Almost 90% of municipalities are ‘distressed’ or ‘dysfunctional’

229, or 89.1%, of the country’s municipalities are not working properly. Minister in the Presidency responsible for Planning, Monitoring and Evaluation Maropene Ramokgopa has painted a grim picture of the state of municipalities in the country, revealing nearly 90% are in trouble. Answering a parliamentary question on the implementation and progress of the Medium-Term Strategic […]

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