Tag: balwin properties
Balwin Properties has followed in the steps of other property companies and has not declared a full year dividend due to uncertainty amid the Covid-19 crisis. Group revenue increased by 11 per cent whilst profit and headline earnings per share dropped by 9 and 8 per cent respectively. Balwin Properties CEO, Steve Brookes joins CNBC Africa for more.
South Africa’s property sector will be one of the hardest hit industries due the COVID-19 pandemic and lock-down regulations. Consumers are currently facing unemployment and a financial strain on their livelihoods amid the COVID-19 crisis and the housing market will not only experience a decline in prices but also sale volumes. Joining CNBC Africa to unpack what this will mean on the forefront of the property sector is Steve Brookes, CEO of Balwin Properties, Carl van den Berg, Business Development Executive at Private Property and Michelle Dickens, Managing Director and Founder of Tenant Profile Network.