OFFSHORE
There has been a fair amount of negativity on South Africa in the press recently . The scandal of South Africa ’ s alleged arms to Russia , the rand hitting a record low , the increase of the interest rates ; dare I mention Eskom . Whilst South Africa news headlines report that the “ rand sets a record low ” and “ volatility is seen ahead ” the UK headlines paint a different picture . However investors are now spooked , and will continue to exercise caution around South African investments , especially if there continue to be unwise decisions made by the government .
The opportunity This month I thought it would be helpful to compare the difference between buying a 1 bedroom apartment in the UK to buying a 1 bed apartment on the Atlantic
127 APRIL / MAY 2023 SA Real Estate Investor Magazine