2017 has been especially brutal for the country, with crises on both the economic and political front. From lack of leadership, widespread corruption, incompetent management of state-owned entities, political shenanigans, the downgrade to junk status has placed more pressure on the an already fragile Rand and the consumer. While political and social conflicts seem to bombard us around every corner, it has affected the South African market and investor community badly.
The current political and social climate in South Africa has led to uncertainty in the investment world. In fact business confidence is an at an all‒time three decade low. An increasing number of investors are looking abroad for a safe haven, in a bid to stave off some of the risk involved with investing in a Zuma‒run state. The last time SA fell into recession was in 2009, due to the global financial crisis. This time around, many economists and business executives agree that the cause is one person: president Jacob Zuma.
AUTHOR RW JOHNSON TO ADDRESS REAL ESTATE INVESTOR/RODE CONFERENCE in Johannesburg, Cape Town and Durban
Where do we go from here? One voice of reason is that of RW Johnson. A respected journalist, Johnson became well‒known for his sometimes‒controversial views in his 1977 book: How Long Will South Africa Survive? A Rhodes scholar, Johnson completed his studies in politics at Oxford University. Born in England, he has lived in South Africa for many years.
The 74-year-old historian and political scientist has long been outspoken about his thoughts on the South African economy. Little surprise, then, that he released How Long Will South Africa Survive?: The Looming Crisis in 2015. A nostalgic nod towards his 1977 book, this one dealt with the state of South Africa under President Zuma’s rule.
With investor confidence low, cabinet reshuffles and corruption charges doing little to improve matters, it’s easy to fall into the cycle of negativity regarding our country. Johnson promises to reveal key insights into the way forward ‒ joined by an esteemed panel that will discuss all the prospects going forward.
RODE/REIM CONFERENCE – BOOK NOW – LIMITED SEATING!
The 2017 RODE‒REIM conference is dedicated to this question. Join us in finding out where we can go from here, which opportunities are available to us, and how all these issues affect the property market. Bookings close 25 August, tickets are available at https://goo.gl/3yPCQT or go to www.reimag.co.za or www.rode.co.za for more information
CONFERENCE DATES & VENUES
Johannesburg: Wednesday, 30 August at Steyn City (08h00 – 15h45)
Cape Town: Tuesday, 5 September at Spier wine estate (08h00 – 15h45)
Durban: Thursday, 7 September at Wavehouse, Gateway Centre (08h00 – 14h00)