South African Reits provide R3.5bn Covid-19 relief

Real estate investment trusts (Reits) provided R3-billion in relief support to tenants between April and December 2020, with 69% of this provided between April and August 2020, industry body the South African Reit Association (SA Reit) says. Reits issued a further R500-million in support between January and June this year, bringing the total relief comprising rental discounts and deferrals to R3.5-billion, the organisation's 'Rental Relief Report' shows.

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