Township property owner Jason McCormick on coming back stronger

Jason McCormick has been a regular BizNews contributor following the July riots. The McCormick family has billions of rand in exposure to rural property developments all across the country. A large portion of their property portfolio is held through listed real estate business Exemplar, which recently announced upbeat financial results. Exemplar was one of the most adversely affected businesses during the civil unrest, with five retail malls looted and vandalised. Despite the chaos that unravelled, McCormick confirmed trading conditions have surpassed expectations and the fundamentals of the business are intact. He believes that if these black swan events can be avoided, the business will continue to flourish. He also provides an update on Exemplar’s latest development in Mamelodi, which is expected to complete by 2022.     Learn more about your ad choices. Visit megaphone.fm/adchoices