The commercial property industry has unveiled a R2bn-plus package to assist tenants through SA’s lockdown.

To qualify for the relief benefits, retail tenants will need to undertake not to retrench staff during the relief period. The relief package comes after some national tenants including TFG, Pepkor and KFC owner Yum! Brands told their landlords they had definitive legal opinions which meant they wouldn’t need to pay rent for April, and in some cases beyond this, because of the lockdown...

Subscribe now to unlock this article.

Support BusinessLIVE’s award-winning journalism for R129 per month (digital access only).

There’s never been a more important time to support independent journalism in SA. Our subscription packages now offer an ad-free experience for readers.

Cancel anytime.

Would you like to comment on this article?
Sign up (it's quick and free) or sign in now.

Speech Bubbles

Please read our Comment Policy before commenting.