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Profica News

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News, announcements and articles from Profica

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East Africa has long been a challenging region for property developers to operate in, and not as buoyant as other markets. With COVID-19 triggering a recessionary environment, the property industry, always deeply affected by changes in the economy, is identifying areas of resilience and pockets of opportunity. As investors and developers step back, regroup and respond in innovative ways, the need for insight from local partners is more critical than ever, says Matthew Renshaw, Chief Operating Officer of pan-African property solutions company Profica.   
 

Julie Ivason, PA to Tim White, CEO and Matthew Renshaw, COO of leading Pan-African construction solutions company Profica was awarded the prestigious title of South Africa’s PA of the Year 2020 on Secretaries Day, Wednesday 2nd September. She received the accolade at a hybrid event organized by the Professional Association for Secretaries (PAFSA) at The Focus Rooms new venue in Modderfontein.

South Africa is experiencing a hospital crisis with state and private hospitals reaching capacity, driving an urgent need for more triage centres and field hospitals as Covid-19 infections surge. The Western Cape has shown that rapid response infrastructure is the most viable solution to help meet the escalating need, says Mandy Mulder of temporary infrastructure specialists Chattels. 

The next period is set to be very challenging for the commercial real estate industry across Africa as COVID-19 takes its toll on the economy. However, according to Tim White of leading Pan-African construction solutions company Profica, logistics and warehousing have strong fundamentals in place which may see the industrial sector weather the storm and emerge with a more positive long-term outlook. 

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Leading construction and property solutions company Profica is celebrating its fifteenth anniversary this year, and now has another reason to celebrate as the company receives another PMR.africa Golden Arrow award this year. CEO Tim White says, “We’re proud to have shown great consistency in being rated in the top 3 Project Management Companies in the Built Environment in South Africa for the past 10 years, with 6 Diamond Arrow Awards for first place included in our track record. I’m grateful to our clients and partners for endorsing the high levels of excellent we strive to maintain, and congratulate every team member across all regions for keeping Profica’s reputation and service at a high level.”