The City of Cape Town’s commitment to offsetting load shedding is becoming an increasingly important consideration. Image: Supplied
There remain well-founded concerns about eThekwini, where much of the municipal infrastructure is on the brink of collapse. Redefine, which only has 16% of its total portfolio in the Western Cape, says it will prioritise the refurbishment of its Grade P and Grade A assets. Its “Cape Town portfolio will be the immediate focus”.
Loos notes that some listed property funds are “pointing to a region that appears to stand out above the rest in this regard”. Increasingly, the ability of the City of Cape Town to offset load shedding somewhat, together with a plausible plan to procure additional power, is a major consideration. “I think now more than ever, properties that are located within the City of Cape Town supply actually have the competitive advantage of being able to keep the lights on for longer, which means when people are looking for real estate solutions – and I’m talking provincially now – they would be inclined to look at the City of Cape Town … If you weigh up the loss of productivity, the additional labour cost, plus the cost of your diesel when you’re on an Eskom supply versus a City of Cape Town...
Source: News Formal (newsformal.com)
I thought they were going to Australia/Europe..😂😂😂😂
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