Higher-than-inflation increases for municipal services are not fully recovered from tenants
Residential-focused Indluplace Properties says local councils remain a risk to its operations along with above-inflation increases, lack of service delivery especially in the inner city of Johannesburg, and lack of improvement in resolving billing problems.
CEO Carel de Wit told Business Day that higher-than-inflation increases for services is the biggest threat to the business’ long-term survival...A subscription helps you enjoy the best of our business content every day along with benefits such as articles from our international business news partners; ProfileData financial data; and digital access to the Sunday Times and TimesLive Premium.
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