Real Estate Investor Magazine South Africa August 2016 | Page 23

› › ›SELL YOUR HOME FASTER› RESIDENTIAL BONGANI GUMEDE Developer Entrepreneurs in Cornubia and Blackburn communities may get assistance to grow their businesses to the next level, thanks to Tongaat Hulett Developments, in a new business incubator serving the area. “Linking local communities to local economies is key in facilitating socioeconomically sustainable neighbourhoods” www.reimag.co.za PATRICE MOTSEPE CEO Val de Vie Estate has officially announced that investment company; African Rainbow Capital (ARC)–recently founded by well-known businessman, Patrice Motsepe – has acquired a 20% stake in Val de Vie Investments. While ARC has made several investments thus far, this deal marks the firm’s first investment in the country’s residential property market. RUPERT FINNEMORE Estate Agent “The evolution of the Fourways area over the last 10 years has been nothing short of staggering and, given the plans that property development giants, there is now little doubt that we are seeing the area evolve into a minicity in the mould of the Sandton city centre” observes Rupert Finnemore of Pam Golding Properties Gauteng. AUGUST 2016 SA Real Estate Investor 21