COVID-19 drives rentals down . . . as Ondangwa rentals contract -27.4 % y/y

This economic weakness is reflected in FNB’s latest FNB Rental Index, which shows a 12-month average growth of 0.3 percent year on year (y/y) at the end of June 2020, following the short-lived growth momentum of 0.9 percent and 0.8 percent y/y seen in April and May 2020 respectively.

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