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Message from the MD - April 2019

Category Newsletter: Message from MD

Dear Friends, Property Investors and Enthusiasts,

With the release of Statistics SA's 4th Quarter employment figures for 2018 it was reported that there was an increase in the number of people employed within the formal sector. Sadly, the construction sector did not contribute to this figure, shedding a reported 18 000 jobs during the period and  I expect this figure to increase exponentially during 2019 as it was recently reported that one of SA's biggest construction companies, Group 5, had been placed under business rescue. Although the company has operations across the globe it is heavily represented in sub-Saharan Africa so this definitely does not bode well for their reported 9000 employees and the South African economy!

We have entered the final month before South Africans go to the polls to make their mark in the countries 6th democratic election. Currently it seems as if it will be a lack-lustre affair with the ruling party still riding the wave generated by loyal support and the opposition parties bringing nothing new to the table. The more change is promised the more things seem to remain exactly the same....

Author: Nico Louw

Submitted 02 Apr 19 / Views 496