Pam Golding to cut staff as it warns SA’s economy could shrink 10%

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The group says it is pursuing an organisational shake-up to adapt to new ‘realities’

Real-estate group Pam Golding says it is cutting head-office staff and reducing branch offices, saying the Covid-19 pandemic had underscored a changing market where online activity was becoming increasingly important.

The group said it was also bracing for significant pressure on the housing market, warning that SA’s GDP could decline as much as 10% in 2020.A subscription helps you enjoy the best of our business content every day along with benefits such as exclusive Financial Times articles, ProfileData financial data, and digital access to the Sunday Times and Times Select.

 

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