Mall tenants in limbo over rental relief
Friday, May 08, 2020
When the coronavirus (COVID-19) lockdown kicked in on April 2, a majority of tenants in malls closed their doors and despite not having made any revenue during the month. BusinessWeek is informed that most property owners demanded their lease dues at the end of the month.
By contrast, in South Africa, the Property Industry (PI) Group, a collective of the major representative bodies for real estate in SA, launched guidelines for assistance and relief for retail tenants on April 7, 2020 and later extended these to all affected retailers, especially the hardest-hit SMME retailers.
The Ministry of Agriculture, local producers, retailers, and industry associations must work together to overcome the obstacles hindering vegetable production and distribution.This collaborative approach is essential to improve the availability, quality, and affordability of vegetables in the market.Firstly, the Ministry of Agriculture should provide support and guidance to local farmers to enhance their productivity and efficiency. This could...