SA property market is oversaturated, says RMH

Rand Merchant Bank Holdings , which is now property-focused after unbundling its FirstRand holding, says it is still grappling with a glut in SA's property market, which could delay plans to unlock value for shareholders.

Releasing its results for the nine months to end-March, RMH said it was too soon to tell if confidence was returning even after a “meaningful recovery” for SA’s battered property stocks, with many companies still prioritising debt reduction through asset sales...

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Leisure-focused stocks feel pressure as SA enters level 4 lockdownShares of hotel operators and restaurants came under some strain as their embattled industries enter a fourth alcohol sales ban
Source: BDliveSA - 🏆 12. / 63 Read more »

SA companies import critical skills as local pool can’t plug the hole | CitypressAbout 97% of listed and multinational companies in South Africa say engineers are indispensable to their business operations and often have to be recruited abroad. Yet government’s draft list of critical skills now contains only half as many engineering professions as it did six years ago.
Source: City_Press - 🏆 7. / 72 Read more »