Gary puts his luxury ranch on the market as SA’s top-end homes buck slump
Rich people from elsewhere in Africa increasingly buy homes in SA
Golfing legend Gary Player is testing SA’s prime property market by selling the farm where he spent more than half his life nurturing his other passion — breeding racehorses. The 81-year-old sports star is asking for R50m for the 1,431ha ranch in the Karoo, about halfway between Johannesburg and Cape Town. Player plans to wind down after a career of five decades and 165 tournament victories, including nine major championships. "We’d like to downsize because this is quite a big farm," Player said by phone. "I don’t think I’ll retire until I’m 90 at least. But we’ve started to prepare." Player’s property is coming to market as top-end house prices in SA buck a slump, helped by a weak rand that has spurred demand from overseas buyers. For the rest, home values are shrinking with economy growth at its slowest pace since the 2009 recession, rising unemployment and political turmoil with President Jacob Zuma implicated in a series of scandals. "Wealthy people from countries such as Angola...
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