Real estate companies, weathering a depressed market in SA’s richest metro, Johannesburg, are disputing the general valuation roll for 2023, which shows the property base rose 12% to R1.59-trillion in the past five years.
They say such a rise is impossible in the prevailing economic and market conditions. It comes amid suggestions that the city is artificially inflating the value of properties to make up for revenue shortfalls...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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