Brian Kantor is careless in conflating capital with land ("Why protecting property is so necessary (https://www.businesslive.co.za/bd/opinion/columnists/2021-04-08-brian-kantor-why-protecting-property-is-so-necessary/)", April 8). Land costs about 16 years of rent in advance — you will be unlucky if it sells for less. This is not the same with buildings (the capital), which won’t last a generation before the renovators or wreckers come knocking.
All man-made things depreciate, some faster than others. So a plot in Clifton was worth nothing the day before Jan van Riebeeck landed. One fetched R30m in February 2021. ..
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