Streaming issues? Report here
Africa Melane 2019 1500 BW Africa Melane 2019 1500 BW
Weekend Breakfast with Africa
06:00 - 10:00
volume_up
volume_mute

Up Next: An Hour With a Special Guest on Just the Hits
See full line-up
Weekend Breakfast with Africa
06:00 - 10:00
Home
arrow_forward
Local
fiber_manual_record
Business

'Up to 100% rental relief for some retail tenants' - Property Industry Group

7 April 2020 2:31 PM
Tags:
Retail
rent
tenants
Covid 19
rental relief

New rental relief measures announced on Tuesday will amount to as much as 100% off for some retail tenants.

They're among those hardest hit by the current nationwide Covid-19 lockdown, but now there's some good news for retail tenants.

The newly-formed Property Industry Group on Tuesday announced an industry-wide assistance and relief package to be rolled out by local landlords.

In some cases, it will mean rental charges for the current month are withdrawn completely.

The ranges that we've offered there can be as much as 100% off the rental in April and potentially even in May.

Estienne De Klerk, Spokesperson - Property Industry Group

The idea was to sit down and try to agree a package that we can consistently roll out across the whole industry.

Estienne De Klerk, Spokesperson - Property Industry Group

We've tiered retailers between large retailers and small retailers and the essentials and non-essentials.

Estienne De Klerk, Spokesperson - Property Industry Group

Property Industry Group spokesperson Estienne De Klerk says landlords are also dealing with a number of challenges at this time.

There's a couple of them [essential services traders] who haven't paid their rental this month - even though they are having record trade numbers...we believe that's pretty opportunistic.

Estienne De Klerk, Spokesperson - Property Industry Group

The Property Industry Group was established at the end of March in a bid to coordinate the industry's response to the coronavirus pandemic.

It comprises the major representative bodies for real estate in the country - the South African Real Estate Investment Trust (SA Reit) Association, the SA Property Owners Association and the SA Council of Shopping Centres.

Last month South African clothing retailer The Foschini Group announced it was halting rental payments because of the impact of the coronavirus outbreak.

Find out more about rental relief during lockdown by clicking below:

Subscribe to our Business Wrap Newsletter


7 April 2020 2:31 PM
Tags:
Retail
rent
tenants
Covid 19
rental relief

Recommended

More from Covid-19 coronavirus explained

Drive-in cinema 123rf 123rfbusiness 123rflifestyle

Cape Town gets a drive-in cinema - with an LED screen for daytime watching

29 May 2020 2:39 PM

Initially, it’ll allow up to 150 cars, says Mother City Drive-In co-founder Lyle Masters.

Share this:
Read More arrow_forward

white-wine-glassjpg

Online wine store shuts its 'doors' temporarily due to influx of orders

29 May 2020 1:19 PM

Getwine.co.za COO says before lockdown there was also a rush of sales and in fact, many liquor stores depleted their stock.

Share this:
Read More arrow_forward

Table Mountain Blouberg Beach 123rfSouthAfrica 123rflifestyle 123rf

City of Cape Town appealing to minister to open beaches, sportsfields and parks

29 May 2020 12:45 PM

Mayco member for community services Zahid Badroodien says it is illogical for our open spaces to remain closed.

Share this:
Read More arrow_forward

Lockdown levels South Africa Covid-19 coronavirus 123rf

[GRAPHICS] Lockdown level 3 at a glance

29 May 2020 12:19 PM

The Presidency of the Republic of South Africa released these key points outlining the level 3 lockdown for the country from 1 June.

Share this:
Read More arrow_forward

03-alcohol-beer-confiscatedpng

[PICS] Gauteng cops confiscate 0.03% alcohol beer from Spar

29 May 2020 10:52 AM

Photographs posted by Gauteng Community Safety show cops confiscating 0.03% alcohol beer from a Turfontein Spar in Johannesburg

Share this:
Read More arrow_forward

rumours fact-checking fact checking fake africa check 123rf

No food parcels for white people – fact or fake? Africa Check has its hands full

29 May 2020 10:16 AM

Refilwe Moloto interviews Naledi Mashishi, a researcher at non-profit fact-checking organisation Africa Check.

Share this:
Read More arrow_forward

lockdown-dairy-capetalkpng

The Lockdown Diaries: A daily snapshot of latest stats and facts about Covid-19

29 May 2020 10:00 AM

CapeTalk presents a 1-minute summary of the Covid-19 state of play every day after 9.30 am on Today with Kieno Kammies.

Share this:
Read More arrow_forward

brunette-woman-getting-her-hair-cut-23-2148108792jpg

Blow to beauty industry as hairdressers' legal bid to reopen dismissed

28 May 2020 5:52 PM

Hairdressers in South Africa appealed to the High Court to be allowed to reopen under level 3 of the national lockdown.

Share this:
Read More arrow_forward

EZGwtpzXQAEXFAp.jpg

Level 3 lockdown at a glance...and no, you still can't buy tobacco

28 May 2020 5:33 PM

As SA prepares to move to lockdown level 3 on 1 June we take a look at the restrictions that will remain and those being lifted.

Share this:
Read More arrow_forward

Coronavirus

South Africa's Covid-19 cases - April & May 2020

28 May 2020 3:21 PM

The cases reported in April & May 2020

Share this:
Read More arrow_forward