Plea to cap property rates as cities ‘abuse’ tax

14 June 2020 - 00:09 By NICK WILSON

The commercial property sector’s biggest industry body, the South African Property Owners Association (Sapoa), has called on the minister of co-operative governance & traditional affairs (Cogta) to cap the property rates charged by municipalities, saying proposed increases are “extortionate”.

Commercial property — retail, office and industrial real estate — is one of the sectors that has been hardest hit by the national lockdown...

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