SCHALK VAN WYK
emphasis on better-trained and coached professionals within the real estate industry . It ' s a symbiotic relationship where technology amplifies the abilities of individuals who , in turn , harness its potential to the fullest . It ' s a future where the human touch remains at the heart of every transaction , guided and empowered by the limitless potential of technology
12 . How do you envision the future of your industry , and what steps are you taking to stay ahead of emerging trends ? How do I Invision the future ? I see the Western Cape as a huge growth node for the next 5 years and it would create a massive opportunity for investors and also people that want to come and raise their children in a thriving Western Cape .
In today ' s world , I observe a multitude of challenges , both on a global scale and within our industry . However I believe crisis creates opportunities for the ones that is prepared to change and innovate and reinvent themselves yesterday do not have tomorrows answers . One of the most significant global risks I perceive is the mounting debt crisis . In light of this , I firmly believe that now is the time for prudence and caution when it comes to taking on debt .
It ' s essential not to overextend ourselves financially and avoid biting off more than we can comfortably chew . Instead , I advocate for a strategy of personal and financial growth . In practical terms , this means using your hard-earned cash to pay down your properties gradually . It might result in having fewer properties in your portfolio , but these will be properties that are wholly owned and free from the shackles of excessive debt .
In the face of an increasingly challenging economic landscape , the key to success lies in learning how to conduct business effectively . This is especially crucial in a world where inflation rates are soaring , and income growth struggles to keep pace . Unfortunately , this disparity often leaves individuals financially vulnerable . To thrive , one must either enhance their skills to boost their income or consider launching a side business that can supplement their earnings .
In essence , the new reality demands that we adapt or face dire consequences . It ' s a world where prudence , financial intelligence , and adaptability are
SA Real Estate Investor Magazine SEPT / OCT 2023 40