Last week The National Energy Regulator of South Africa (NERSA) announced electricity price hikes of 9.41%, 8.1% and 5.2% for the next three years. This, as predicted, will have a significant impact on the commercial property sector, particularly for industries that are already sensitive to parastatal price increases. Our CEO John Jack shares how Galetti

John Jack, CEO of Galetti Corporate Real Estate Figures released yesterday by Stats SA clearly show the significant pressure that the South African economy was under during 2018. It was a perfect storm that never happened. Not only was the country facing internal economic pressure, but Mother Nature then turned off the taps leading to massive declines

As South Africa emerges from last year’s recession, two schools of thought are expected to drive the commercial property market in 2019 and, as expected in an election year, political considerations are prominent, says our CEO John Jack. The first school is betting on a positive election outcome. They expect a clear ANC victory to

Tomorrow, Finance Minister Tito Mboweni will deliver his maiden budget speech in what is expected to be a difficult address. The outcome of this speech will impact the South Africa property sector in numerous ways, with the commercial property industry likely to feel a significant impact. While SONA 2019 left uncertainty in some areas, it

A highlight on South Africa’s political calendar kicks off tomorrow at 17h00. The State of the Nation Address (SONA) 2019 marks the official opening of Parliament for the new year and will give President Cyril Ramaphosa an opportunity to address political policies and key challenges that lie ahead. This address will have a direct impact

Galetti have gone full circle. When the company was formed in 2006 we couldn’t have seen how much we were going to achieve in 12 years. Our initial partnership with Knight Frank, a global property group spanning the Americas, Europe and APAC, allowed us to increase our client list of noteworthy investors, business-owners and corporates

Rumbie: So, picking up from where we left off, we were about to discuss some of the ways that blockchain can be incorporated into the property sector. Daniel: Well, the first way is that blockchain is completely immutable; that means you can’t reverse a transaction, you can’t go backwards. If I accidentally pay the wrong

Rumbie: Hi Daniel, thanks for joining me for this chat. Daniel: It’s my pleasure. Rumbie: Ok so let’s get straight into it. What is cryptocurrency, and why all the hype around it? Daniel: So, there’s still a massive amount of learning happening in the blockchain space. People are still trying to figure out where it’s going

  Blockchain has become one of the biggest buzzwords in the world in the last 12 months. But not many people actually understand it or know what is it, what it does, or the purpose its serves. Blockchain is synonymous with cryptocurrencies, in particular, Bitcoin. They are two separate elements, however. Blockchain is the underlying

The Cape Town water crisis has been the topic of discussion on most media channels for many months now, resulting in a lot of panic and speculation. The looming threat of Day Zero had many all packed up and ready to leave, and had a lot of daunting, dramatic and depressing press coverage, further adding