Cape Town city council relief ‘a step in the right direction’
The city extends offer of relief to some rebates
15 April 2020 - 20:42
Quintin Rossi, CEO of Spear Reit, one of the property companies which has lobbied the City of Cape Town to freeze rates, says the relief measures announced by the city are a welcome start but more comprehensive measures would help thousands of businesses and not just landlords.
Rossi and other representatives of property landlords sent a letter to the city at the end of March pleading for a freeze of rates and taxes to ease pressure on companies of all sizes that cannot trade during the national lockdown...
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