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Violent unrest in KZN and Gauteng unlikely to have any impact on next interest rate decision

Violent unrest in KZN and Gauteng unlikely to have any impact on next interest rate decision
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Commercial property rental arrears continue to grow


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Non-payment tenant category appears to have stalled at about 12% – TPN Credit Bureau.
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The hard lockdown in 2020 left landlords reeling, with one in two tenants crashing into delinquency. Image: Suren Naidoo, Moneyweb
Despite landlords giving commercial tenants about R3 billion in rent relief between April and June 2020 in an attempt to soften the impact of the Covid-19 lockdown, rental arrears are continuing to grow.
The latest commercial rental monitor published by TPN Credit Bureau reveals that the recovery in the non-payment tenant category appears to have stalled at about 12%.
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