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Message from the MD - July 2018

Category Newsletter: Message from MD

Dear Friends, Property Investors and Enthusiasts,

It was a busy month at Renico Construction with a number of commercial and residential developments being completed while the first bricks were being laid at several new residential sites across Gauteng. With our current work load we are busy with the construction of at least 9 projects at any given time, this obviously excludes the myriad of projects in the pipeline which require the full attention of my professional team who are tasked to 'ripen' these to the point where we have the green light to commence with construction.

This month already cash strapped consumers are hit with a double digit increase in municipal charges, placing them under even more financial pressure than before. One can only wonder for how long the government can force excessive price increases onto the public to recover some of the losses incurred by the State Owned Enterprises? There is at least a reduction in the petrol price this month, but it certainly doesn't compensate for the increases felt elsewhere!

Author: Nico Louw

Submitted 01 Jul 19 / Views 295