The successes of some black property fund entrants must not be an anomaly
More black property developers are moving away from the traditional government tenanted sector and venturing into private sector opportunities
25 September 2019 - 18:10
In the words of former US president Theodore Roosevelt, “Every person who invests in well-selected real-estate in a growing section of a prosperous community adopts the surest and safest method of becoming independent, for real-estate is the basis of wealth.”
Globally, real-estate is indeed by far the most significant store of wealth, representing more than 3.5 times the total global GDP, according to research by property group Savills. In line with global trends, the value of SA’s property sector is substantial, but remains skewed along racial lines, due to our past legacy...
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