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The effect of the strike that hit SA ports in mid-October is still being felt, with Nelson Mandela Bay companies fearful of losing out financially during the festive season due to the delayed arrival of imported goods.
Getty Portfolio managers say despite the attractive valuations and fantastic dividend yields the listed property sector offers, they remain cautious about its prospects. They foresee "a lot of pain" in the coming months as consumer spending at malls depends on the pace of recovery of the local economy, which remains uncertain given the delays in the Covid-19 vaccination programme and predictions of a third wave. Analysts forecast that rentals and property valuations will fall further in 2021, forcing more landlords to raise capital. The bruising is not over for South Africa's landlords. In fa...