SA e-commerce growth drives demand for logistics spaces: Equites Property Fund

  Amid the global pandemic, Covid-19 has accelerated e-commerce penetration globally thus fuelling demand for prime modern logistics space. In SA, retail and supply chain driven warehousing and logistics sectors will continue to boost demand for e-commerce. Laila Razack Some South African national retailers have seen online sales increasing during lockdown. While e-commerce is yet to peak in South Africa, the pandemic is driving this trend, according to Equites Property Fund. The company revealed this in an investor presentation of its interim results released this week. The JSE-listed specialised industrial Real Estate Investment Trust…

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