Municipalities suck Reits dry
Listed landlords are easy prey for mismanaged local governments
09 March 2023 - 05:00
Commercial property owners, who already face the extra costs of keeping SA Inc’s lights on, fear excessive municipal rate increases this year.
Landlords in Joburg, with its R1.5-trillion in commercial and residential property, are likely to be hit by higher values and tariffs when the new municipal valuation roll is implemented from July 1. ..
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