Real Estate Investor Magazine South Africa April 2014

INVESTOR TALK FROM THE EDITOR Times are interesting, aren’t they? In the wake of South Africa’s 2014 national elections the two main powerhouses of political standing in our country are either slinging mud around or trying to get one up on the other. Either way it’s an ugly game. Nobody ever said that playing politics was a clean affair. However, it must be said, that no matter your political views, the Nkandla debacle is something that I find hard to believe, the president can actually defend on any scale. The damning evidence brought to light by the public protector, Thuli Madonsela, makes it impossible to ignore. R246 million of our tax money was spent on renovations for Nkandla. Mindblowing when one thinks about it. That money could have been better spent building schools, houses, clinics and hospitals, improving infrastructure and improving on crime so as to inspire investor confidence in the country overall. Instead, our current administration preferred to look after its own needs, leaving people desperate, homeless, ill, and uneducated that the only appealing option is to turn to crime. I say that it’s way past time our political leaders got their house in order. It doesn’t matter what side you are on, there is no justifying the scandal that is Nkandla, the result of greed and selfishness. TRACEE HARVARD FROM THE PUBLISHER The aftermath of the global financial crisis is still with us after almost 6 years since Lehman Brothers first declared bankruptcy in 2008. Consumers are still under financial pressure, which makes the banks vulnerable, as there is still massive debt, defaulting and impairment. Bank finance is very difficult to come by despite the contrarian messages in the market and this has changed the way we invest in property. The high transaction costs of buying a property from getting finance, raising deposits, formlearn from him and his feats are nothing short of spectacular. Unlike investing in shares, unit trusts or insurance policies, investing in property of any kind means becoming an expert of some sort. Guru expert education has been around for a number of years and is still one of the best ways to change the way you think and achieve more success. The world’s most notorious property gurus such as Robert Kiyosaki and Dolf de Roos have been visiting and making a huge impact in investors financial lives in South Africa for a number of years now. South Africa has been bombarded with personal development, business and property gurus more so in the last year than ever in the history of the country. Problem is that some are not delivering on their promises leaving many delegates disillusioned. Read our cover story from page 10 on how to use them for your best effect. Become a Master Property Investor by entering our 2014 Investor of the Year competition where we are once again looking for SA’s no. 1 property investor. NEALE PETERSEN “ Your own words are the bricks and mortar of the dreams you want to realize. Your words are the greatest power you have. The words you choose and their use establish the life you experience.” Sonia Choquette - author @REIM_SA Great informative articles! Follow us on Twitter SA_Reimag www.reimag.co.za REALE ESTATE BUSINESS DIRECTORY Mduduzi MthimunyeI Since I started reading your magazine real estate is making more sense now keep up the good work Like us on Facebook http://www.facebook.com/RealEstateInvestorMagazine April 2014 SA Real Estate Investor 5

Real Estate Investor Magazine South Africa April 2014 | Page 7