22 Apr Light at the end of the Covid-tunnel?
As we navigate towards the 27th day of our 35 day lockdown tunnel, we are beginning to feel more hopeful as we see a strong Government financial support structure being formalized in preparation of a hopefully, sooner, rather than later “phasing out lockdown” period.
And as you know, we are not in the economic or political industries and dare not give economic or political advice. However, we are cognisant of the fact that a strong economy drives strong investor interest in the property industry and therefore find it imminent to understand the financial, economic and social effects of the pandemic on our own and our client’s financial strength and economic resiliency.
We find Fin24’s report on last night’s Presidential Announcement interesting and it provides an overview of the discussion held and quotes opinions from experts in the economic and finance industries.
We are looking forward to the efficacy of the R500 billion injection to assist the social and economic recovery from Covid-19. Full details surrounding the application of the adjusted budget will be announced by Finance Minister, Tito Mboweni and we remain hopeful that there is indeed, a light at the end of this Covid tunnel.
By Alet Smit | Attorney & Group Marketing Head