Investor confidence in SA’s property market ‘shaken by construction mafias’
CDH senior associate says the groups have had a profound and chilling effect on investment in the sector
10 October 2024 - 05:00
The emergence of construction mafias, which gained prominence a decade ago, has put a serious dent on SA’s real estate sector, driving up costs, delaying projects and deterring investments, with corporate law firm Cliffe Dekker Hofmeyr (CDH) warning the lawlessness poses a risk to the industry.
A senior associate in CDH’s real estate law practice, Lulama Lobola, said the impact of these groups had been profound and had had a “chilling effect” on investment in the real estate sector...
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