Real Estate Investor Magazine South Africa May 2016 | Page 49

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OFFSHORE

GARY GARRETT

DERRICK ROPER

ROELOF BOTHA

While growth has slowed in many commoditylinked markets in Africa, non-commodity
driven markets, particularly in East Africa,
have continued to perform well. “Developers
will need to do robust feasibilities in order to
understand how economic conditions can affect
their returns over time” says Gary Garrett, Head
of Real Estate Finance at Standard Bank.

“After a tumultuous 2015, market volatility
in Africa is expected to persist as economies
absorb the impact of slowing growth in China
and falling commodity prices. These factors
present formidable challenges that are currently
over-shadowing Africa’s longer term potential.
However, this stage of the economic cycle will
create opportunities for solid future investment
returns. “

South African native Roelof Botha has been
ranked among the best venture capitalists in
the world. Botha became chief financial officer
at PayPal while earning his M.B.A. at Stanford
University. He negotiated PayPal’s sale to eBay
for $1.5 billion and then jumped ship to Sequoia
Capital.

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MAY 2016 SA Real Estate Investor

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