SA Listed Property – Apocalypse or Opportunity?
At the beginning of 2020, the long-term outlook for South Africa’s property sector looked promising following a number of years of industry challenges. SA Property companies could not have foreseen the need for rental concessions, the emptying of office spaces and the higher demand for online orders. The challenges faced by the industry have been amplified and opportunities are shifting as property fundamentals continue to change substantially and markets in general remain volatile against an uncertain and subdued economic backdrop. As investors, is this the turning point for a significant shift to the SA property sector or could the opportunities be better than we would expect?