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Speaking to Independent Media Property recently, Neil Gopal, CEO of SAPOA (South African Property Owners Association), said despite recent positive trends in the property market, the ongoing issues at the municipal level threaten to possibly derail the commercial and industrial property sector’s recovery.
Property developers have teamed up with the City to tackle the construction mafia, as they highlighted the challenge of identifying legitimate businesses from underworld organisations operating across the metro.
Property valuers conduct a valuation of commercial and industrial properties based on a number of factors.
One of the key components of someone’s risk of poverty is their location. Regarding many aspects of life, location is everything, especially when it comes to the accessibility to food resources. A food desert is an area in which someone does not have close access to a food source, such as a supermarket. In urban areas, the US Department of Agriculture considers a food desert an area with no ready access to a store with fresh and nutritious food options within one mile. In rural America, a food desert is defined as 10 miles or more from the nearest market. Unfortunately, food deserts are not few and far between – “it’s estimated there are more than 23 million people, more than half of them low-income, live in food deserts”.
There’s a new shopping centre planned for Cape Town which should be open by the end of next year.
The state-owned entity recently confirmed in response to a parliamentary question that it owes the medical scheme R561. 7 million for outstanding medical aid contributions.
FNB expects national property values will be adjusted upwards, prompting businesses to migrate in search of better deals.
Pensioners say they are not willing to negotiate yet, as the benefit has stood them in good stead, especially in their old age.