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Tuesday Jun 30, 2020

HOW DO YOU KNOW WHEN YOU'RE READY TO SELL?

Choosing to sell your home is a big decision, so it is important to know that you are ready to move on. In today’s competitive real estate market, listing a property can be a daunting task within these challenging economic conditions. However, selling a home can also be an opportunity to improve your lifestyle and start fresh.

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Monday Jun 22, 2020

Barloworld's earnings per share face a pummelling

Barloworld: The industrial company, in its half-first 2020 trading statement, reported that it was expecting its headline earnings per share to be between 238 cents and 285.60c, compared with 476c in the same period of the previous year. The company expected that its basic loss per share would be between 721.80c and 767.80c, compared with earnings per share of 438.10c last year. Barloworld said that Covid-19 had resulted in writedowns across its businesses.

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Tourism welcomes level 3 relief

PRESIDENT Cyril Ramaphosa’s announcement this week that restaurants and other tourism-related businesses willl soon be permitted to open was celebrated by those in the industries but their struggle is far from over.

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Delta sitting pretty with 80% rental collection for April and May so far this year

CAPE TOWN - Delta Property Fund said on Monday that its R10.6 billion portfolio proved defensive during the lockdown, with more than 80 percent of monthly rentals collected for April and May despite the country’s coronavirus (Covid-19) lockdown. The group said government departments led the way.
It said June collections were also tracking normally and that a further 10 percent was expected once sovereign tenants returned to work.

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Guidelines clarify safety for realty deals

THE Estate Agency Affairs Board (EAAB) has produced a set of guidelines to assist employers, employees, and the public on how to conduct business safely during the coronavirus pandemic.

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Projects to uplift youth - Provincial human settlements department’s programmes offer training, opportunities

AS WE EMBARK on celebrating Youth Day, it is critical for all young people of the Western Cape to know that, for the provincial department of human settlements, they continue to be one of our priorities.

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Owning vs renting in post-lockdown South Africa

In the wake of, and - I hate to use the C-word (AND in shouty capitals) – the COVID pandemic, the property market at large, much like the rest of the economy, has taken some serious strain.   So, where does this whole situation leave tenants and prospective buyers - should you keep renting or should you be looking at owning a buy-to-live property right now?    Even in a stable market there is often debate around this topic and the answer is not so cut-and-dried.  That said, the current state of affairs, believe it or not, does present some real opportunities for both sides of the (picket) fence.
 

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South Africa is a legal Tax Haven for property investors 

South Africa is currently enjoying the status of a Tax Haven - a bold statement, I admit, and one that some might think outrageous, but if you break down the monetary calculations of a Section 12J investment, you will realise the glaring opportunity too.

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Property investment beats other platforms in this market

PROPERTY investment is no longer a pursuit only of the wealthy as a variety of price points and offers allow more consumers to gain a foothold in the market.
Many are also able to take second mortgages and invest in property as a means of earning additional income and growing their wealth.

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Prime commercial property in Worcester - Three sites to be sold as single lot draw rent of R230 000 a month

RAWSON Auctions Western Cape will on June 24 in an online disposal offer three prime commercial buildings in Worcester, all in “excellent condition”.
Tanya Jovanovski, regional franchisee for Rawson, says the properties – to be sold as a single lot – generate a gross rental income of R230 000 a month and will be leased back on a triple net lease basis to the purchaser, which means the tenant will be responsible for all costs relating to the leased assets.

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