| 10.07.2009 - South Africa: Commercial property hit hard by slump |
| From Allafrica.com: The CEO of JSE-listed Growthpoint Properties, the largest listed property company, yesterday said SA was unlikely to see any "meaningful" commercial development in the next 12-18 months due to the economic slump. Speaking to Business Day, Norbert Sasse said his group's view was that the struggling property market had not yet hit the bottom and expected further deterioration.........Full Article: Source |