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1. Background
On 23 April 2021, the Competition Commission (Commission) published a notice in the Government Gazette in which it, inter alia, indicated that it had published its final non-confidential report of the Commission’s findings on the impact of the Covid-19 Block Exemptions and the Commission’s advocacy and enforcement work (“Report“).
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The Covid-19 Block Exemptions were issued by the Minister of Trade, Industry and Competition (DTIC) in terms of section 10(10) read with section 78(1) of the Competition Act to assist three key sectors in responding to the Covid-19 pandemic: (i) the healthcare sector, (ii) the retail property sector (including the hotel sector), and (iii) the banking sector.
Is there a glimmer of hope on the horizon for SA s commercial property sector?
17 December 2020 11:14 AM
What s the prognosis for the commercial property sector in 2021 ask Refilwe Moloto.
It s the time of year when malls and shopping centres are usually a-buzz with consumers, but after what has been a hellish 2020 for many businesses, things are far from usual .
The impact of the national lockdown forced many retailers to simply shut up shop, many were unable to afford their rent.
CapeTalk s Refilwe Moloto asks Nosiphiwo Balfour a structured property finance specialist at Investec how things stand in the commercial property sector right now.