In South Africa, four new Covid-19 death has been reported, totalling 99,970. The country has 13,636 active cases and a recovery rate of 96.9%.The South African government is set to destroy more than 92,000 doses of Pfizer’s coronavirus vaccine that expire at the end of March. The government failed to encourage enough public demand for the vaccines and made no arrangements to donate them to other countries before they reach the end of their shelf life.
This indicates that some lease agreements for the same property are being concluded at close to a quarter lower than the lease signed before. Rental companies noted that office spaces are feeling the brunt of this trend as a combination of oversupply in business hubs such as Sandton paired with a sharp reduction in demand due to flexible working arrangments and Covid-19 take their toll.