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Get up to 100% off your April rent, perhaps May too - Property Industry Group

7 April 2020 7:05 PM
Tags:
The Money Show
Bruce Whitfield
Property
SMMEs
landlord
tenant
commercial property
rental
Coronavirus
COVID-19
coronavirus in South Africa
covid-19 in south africa
retail property
Property Industry Group
Estienne de Klerk
small, medium-sized and microenterprises

“There can be up to 100% off the rental in April and potentially even in May,” says Estienne de Klerk (Property Industry Group).

Some of South Africa’s main property organisations have come together to form the “Property Industry Group”.

The Group aims to coordinate the industry’s response to the Covid-19 outbreak and the devastating effects of the lockdown to “flatten the curve” of the rate of infections.

The commercial property sector employs 300 000 people in South Africa.

Pixabay.com, 2019

The Money Show’s Bruce Whitfield interviewed Estienne de Klerk, the spokesperson for the Property Industry Group.

Whitfield asked him to elaborate on the relief the Property Industry Group is hoping to provide the industry.

The Group’s main focus will be to help Covid-19 affected small, medium-sized and microenterprises (SMMEs).

It will, however, also help to larger retail tenants.

Owners of commercial property will waive rentals partially or fully for April and