Real Estate Investor Magazine South Africa August 2013

INVESTOR TALK BY ANGELIQUE REDMOND Women, Nkandla & Land Reform This month is Women’s Month, a time to commemorate the freedoms we enjoy thanks to the brave women who refused to settle for anything less than equal rights! One particular property has certainly been making headlines: Nkandla. The long-awaited Nkandla documents have been made public and their political ramifications will be felt in the 2014 elections. The new Economic Freedom Front led by Julius Malema will certainly be making use of the giant white Nkandla in the room when it comes to trolling for votes. But will the President’s sore spot be enough to see votes heading the opposition’s way or does South Africa have a big enough rug for this to be swept under? Other breaking property news is the Expropriation Bill of 2013, which will allow the courts to decide the compensation payable for expropriated property. While this bill is better than its 2008 predecessor, it is certainly nothing to celebrate. The issue of land reform hangs in the air, having been a key point in the State of the Nation Address, as the Restitution Amendment Bill, which will see land claims prior to 1913 open, has been passed by the Cabinet, according to rural development and land reform minister Gugile Nkwinti. The property landscape seems to be on shifting ground and many are anxiously waiting to see the outcome of the new Bills and regulations. But, whichever way you slice it, South African property remains a vibrant, ever-changing industry and one that offers long-term wealth creation and financial independence in an economically uncertain time. TWITTER COMMENT ThaboMakeng_88@SA_Reimag I really enjoyed the investigation article on buying before you let. I found it very informative. Follow us on Twitter SA_Reimag FACEBOOK COMMENT Kerry-Leigh Crowson commented on Real Estate Investor Magazine Kelly wrote: "Your new Ask The Property Professor page is really cool!” Like us on Facebook http://www.facebook.com/RealEstateInvestorMagazine Happy Reading! Angelique Redmond EDITOR PUBLISHERS FOREWORD According to our Property Professor, Francois Viruly, a property boom occurs around every 20 years and each boom is always bigger than the previous one. We have experienced one of the biggest economic slowdowns in history, but the good news - according to Viruly - is that it is time to prepare for a massive upward trend - albeit a slow but sure one. Viruly’s real estate clock indicates that we have moved out of recession into recovery mode and now we are on a slow road to market expansion. Some of the key trends driving future growth include the massive urbanisation and industrialisation in areas such as Burgersfort, Lydenberg and Saldanha, which have become important future growth markets. Major transport trends, including the growth of specific transport corridors in Gauteng as a result of Gautrain, as well as the MiCiti busses in Cape Town, are bringing massive changes to where people live and work. 2017 could be the year that we are sitting on top again, so prepare yourself to capitalise, otherwise you might miss out on a big party. Neale Petersen PUBLISHER The most difficult thing is the decision to act, the rest is merely tenacity. The fears are paper tigers. You can do anything you decide to do. You can act to change and control your life; and the procedure, the process is its own reward. Amelia Earhart 1897- 1939 www.reimag.co.za August 2013 SA Real Estate Investor 5

Real Estate Investor Magazine South Africa August 2013 | Page 7