The July unrest which swept through KZN, and parts of Gauteng, cost the South African economy billions of Rands, with over 200 shopping centres looted and property destruction estimated to total R15 billion Rand.
According to reports, over 40 000 businesses were burnt, vandalized, and/or looted during the four days the political unrest swept through cities and rural towns in KZN.
For many businesses, the task of rebuilding is a mammoth one, with many business owners feeling overwhelmed, so says CEO of Profile Construction, Garth Ware.
"The psychological aspects of having a property totally destroyed by the looting is a very difficult experience for many business and property owners. Many are not eager to rebuild because they believe the task too great," explains Ware.
As a construction company in Pietermaritzburg, Profile Construction, a sister company to leading property portfolio company, Profile Property, can offer clients a total "from the ashes" build through to the sourcing of tenants and the ongoing property management of the new property.
"The positive off-spin from the devastation of July has been the opportunity for our clients to rebuild from scratch to choose the build of their choice," says Ware.
Profile Construction, working closely with the team at Profile Property, can assist clients to identify the best earning potential properties to build, as well as what current properties are offering the best returns on investment in the long term. Profile Construction can also assist to identify best properties to buy for those looking to snap up worthwhile deals on those selling damaged properties.
"We really like to encourage our clients to view the devastation, especially which Pietermaritzburg experienced, as an investment opportunity to create properties that are highly sought-after," said Ware.
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Author: Profile Property