Real Estate Investor Magazine South Africa June 2013 | Page 55

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been voted South Africa’s Top Hotel Brand in
the South African Sunday Times/Markinor
Top Brands Survey as well as three time winner
of the Sunday Times coolest hotel brand award.
5. What is the Protea/African Pride Hotels
business model when it comes to South
Africa/ and Africa?
The Protea Hospitality Group is the largest
hospitality company in Africa, with some
130 properties in nine African countries.
The model differs from property to property,
country to country. Among the roles that the
Protea Hospitality Group fulf ils are hotel
management, hotel marketing, franchising and
shareholding. We’re extremely flexible, which
we find works best in a hospitality environment.
6. With a lot of foreign uncertainty in
investing in South Africa, would you
say SA is still a good investment option
and, besides SA, where is the next best
investment option?
Most of Africa presents wonderful investment
opportunities. Countries like Ghana and
Nigeria in West Africa have economic growth
rates predicted to top 7% this year, and moving
eastwards countries such as Uganda aren’t far
behind. They have stable political leadership
that is very keen on foreign investment and
they’re creating policy at government level
reflecting that. South Africa’s growth rate is a
little more conservative because of our historic
trading ties with a fairly beleaguered Europe,
but we’re still faring a lot better than most of
the rest of the world.
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