The number of commercial property owner occupiers who are selling or relocating because of financial pressures continued to rise in the fourth quarter of 2020, commercial property data from FNB shows.
This is likely to be exacerbated as the report does not take into account the adjusted, level 3 regulations announced by president Cyril Ramaphosa in December, which were eased in a presidential address on Monday evening.
These stricter regulations over December and January are likely to have come at an even greater cost to business owners, already under pressure from initial lockdowns.
South Africa endured countless business liquidations and business rescue processes due to the pandemic, in 2020, particularly in the airline,…