Real Estate Investor Magazine South Africa Real Estate Investor Magazine - June 2017 | Page 47

OFFSHORE
HOW MUCH RISK IS RIGHT?
DUNCAN HAMES
DIRECTOR TRANSPARENCY INTERNATIONAL UK
“While Londoners find themselves priced out of
the capital, many new homes are left unused by
wealthy investors based overseas. Londoners
aren’t the only ones losing out: demand for
London property is fuelled by the corruption that
robs public services of vital funds all around the
world.”
www.reimag.co.za
GRAHAM TUCKER
MANAGER, OLD MUTUAL BALANCED FUND
“[L]ocal equities have produced negative real
(after-inflation) returns in 30 of the 92 years since
1924, and 2015 and 2016 were two of those years.
Real returns in 2014 were less than 10 percent.
[O]ther asset classes, such as bonds and listed
property, have recently delivered better returns
than equities, and the Old Mutual Balanced Fund
did increase its allocation to these asset classes
above what it regards as its usual allocation.”
MÁRIO LOURENÇO
CEO, COCHAN GROUP
“Cochan is proud to be part of this ambitious
and innovative investment [Xyami Shopping
Kilambi] which will respond to the needs of the
Angolan people, particularly those belonging to
the demanding middle class that is emerging,
and contribute to the development and
modernisation of Angola.”
JUNE 2017 SA Real Estate Investor
45