Real Estate Investor Magazine South Africa December 14/ January 15

cover story BY MONIQUE TERRAZAS Africa: A world of opportunities Zooming in on your spot under the African sun… With its numerous rapidly developing economies, fastgrowing and urbanising populations, significant increases in consumer spending and great scope for property growth, Africa beckons property investors and developers to explore a world of opportunities that awaits on this vast continent. AFRICA – FAST FACTS • Africa is the world’s second largest and second most populous continent • At about 30.2 million km² including adjacent islands, it covers 20.4% of the Earth’s total land area • Africa’s population surpassed 1 billion in 2009, comparable to China (1.3 billion) and India (1.24 billion) • By 2050, 20% of the world population will be in Africa and 1 person in 5 will be aged 15 – 25 • Africa has more than 500 million people of working age, and will have 1.1 billion people of working age by 2030 • Africa is more urbanised than India (40% H[

Real Estate Investor Magazine South Africa December 14/ January 15 | Page 16