I have been strolling around a number of major shopping centres and the number of vacancy signs and 'closing down sales' seems to be sharply on the up.
I know a lot of the property pro's who get interviewed have said that the problem isn't as bad as it looks and residential property prices are likely to bounce soon but I think that the commercial properties losing tenants is a good indication of what is happening in the 'real' South African economy.
If there is a lean Christmas / festive season in front of us for both retailers and consumers then this is likely to get a lot worse before it gets better....
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