Telkom has announced that its CEO and executive director Sipho Maseko will step down on 30 June 2022. The telecoms company said the process to appoint a successor is well underway and a designated group CEO will be announced in the not too distant future.
It is possible that cooking oil prevented more looting in South Africa in the last week than the president, the ANC, the intelligence community, the army and the police combined. This, without question, says something about the versatility of the product. It says even more about the state of the state. When you are shown up by canola, you might want to revisit your strategy.ByHoward Feldman
Performance Media across Search, Social and Programmatic platforms is the single fastest growing area of digital media in South Africa. Combine that with the detailed analysis of campaign management, tagging and ad operations, and it becomes apparent that these highly specialist functions require a highly specialised unit.
The Transnet Port Terminals website has been hacked, implying that all companies under Transnet have been affected. All Transnet websites were down at the time when reporting was done for this SA Trucker article. The publication cited sources who requested to remain anonymous because they are not allowed to speak to the media.
The Covid-19 pandemic has hit South Africa's small business sector hard and there are grim statistics to bear this out. Those statistics will not be repeated here. After all, if you are a small business owner setting out on the road to recovery, the last thing you probably want is more details of the toll the pandemic has taken on small enterprises. Far more useful would be some good, solid tips on how to build back better after any business setbacks.ByAmeen Hassen
The Covid-19 pandemic has had a 'significant and lasting impact' on the South African residential property market and is shaping many of the emerging trends we're seeing in the market right now.
Marcél du Toit, CEO, Leadhome
Heading the list of trends for 2021 is a growing exodus away from urban metros as working from home becomes a permanent fixture – with fibre internet being at the top of their shopping list in consumers’ new homes to allow them to stay connected.
Now that we know we can work from anywhere with a reliable internet connection, why do you need to be in a city centre? There’s far less focus on being as close as possible to the business hubs, like Sandton, Rosebank and Bank City, with a growing interest in properties outside of urban metros which are not only much cheaper, but offer far more space.
That said, there’s still a huge demand for areas which offer a good quality of life, like The Parks in Johannesburg, where families can take a break during their workday by quickly going to the spruit or the various parks for a walk with the dog and kids.
Other Covid-driven trends include:
Studies are in vogue. Working from your home means you want a space that you can show off when you’re on Teams or Zoom calls. For couples that are both working, that may even mean two studies.
More space and rooms. With parents increasingly working from home, and kids spending more time at home, a larger garden or a playroom means parents can get some privacy. This is driving demand for larger homes with three or more bedrooms, as opposed to the previously sought-after two-bedroom sectional title units.
Fibre internet. This is undoubtedly one of the most important features buyers are asking for, as a quick internet connection allows you to work from home seamlessly.
Safety is an even bigger focus. With entire families being home during the day, safety is a bigger priority than ever. More buyers are putting alarms, boomed suburbs, and CCTV at the top of their priorities.
More hands on deck. Staff accommodation and houses with granny flats are major selling points, especially for families with young children who have to stay at home, as this allows a grandparent or a carer to live on the premises.
More immigration. There will definitely be a lot more immigration on the cards for 2021, which could potentially create an over-supply of housing stock in certain sectors. At the same time, there are going to be far more distressed sellers entering the market as relief measures wind down.
Interest rates driving big bonds. There’s a clear trend from buyers to try and get the highest bond amount possible from the banks while the interest rates are at this historic low, as opposed to investing lots of cash into the property.
Pegging interest rates. Growing numbers of homeowners are taking advantage of the record-low interest rate to fix their rates, as opposed to having them float against prime. We expect this trend to accelerate in 2021.
About the author
Marcél du Toit is CEO of residential property platform Leadhome.
LEGAL DISCLAIMER: This Message Board accepts no liability of legal consequences that arise from the Message Boards (e.g. defamation, slander, or other such crimes). All posted messages are the sole property of their respective authors. The maintainer does retain the right to remove any message posts for whatever reasons. People that post messages to this forum are not to libel/slander nor in any other way depict a company, entity, individual(s), or service in a false light; should they do so, the legal consequences are theirs alone. Bizcommunity.com will disclose authors' IP addresses to authorities if compelled to do so by a court of law.