Real Estate Investor Magazine South Africa October 2014 | Page 7

INVESTOR TALK
FROM THE EDITOR

D

harma Rose of Abundant Entrepreneur recently wrote: “Success
is never about your resources,
it’s about your resourcefulness”.
Resourcefulness is not about
having huge sums of money,
the “right” connections or even
impressive qualifications. It is
defined as “the ability to make
do with what is available to
create a solution”. It is being
inventive and enterprising. It
is the ability to make decisions
and act on them, doing what you can, where you are and with
what you have.

FROM THE PUBLISHER

R

eal Estate Investor
Magazine, in partnership with Rode, just
presented a hugely successful
roadshow to over 500 people
around three cities in South
Africa. Our speaker line-up
included the likes of Dr Dolf
de Roos; John Rabie, the legendary Cape Town property
developer; Amelia Beattie,
head of Stanlib Asset Managers, who spoke about their
retail expansion into Africa;
plus a trio of wise economists
including Etienne le Roux; economist of RMB; Cees
Bruggemans, previous FNB chief economist; and Nicky
Weimar, economist at Nedbank.
It is difficult to talk about investing without
considering the current state of the South African and
global economies. The bad news flow seems inescapable
and the prospects for the economy are not great. Gill
Marcus, outgoing governor of the Reserve Bank, has laid
bare a plethora of problems facing the country, including
a depreciating currency, high unemployment, an everincreasing current account deficit, the R50 billion Eskom
bailout, load shedding, inflation, labour unrest and policy
uncertainties. Business and consumers are under huge
debt strain while SARS wants to intensify tax collections.
The collapse of African Bank has added fuel to the fire
for indebted consumers, who are also the tax payers now
expected to bailout this situation. Our cover story exposes
the real impact of this issue.

So how does one become resourceful? Expand your
knowledge continuously. Acquire new ski