Investing in South Africa - IAR Multicultural Summit

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REALTOR® Ahmed Badat, a South African native, talks about the history and cutlture of the country. (April 26, 2013)

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  • South Africa is a beautiful country blessed with a wonderfully diverse population and geography. It is home to some 50 million people from at least 20 ethnic groups.South Africa consists of two main regions: a huge inland plateau that is fringed by a narrow coastal plain on three sides. Separating the two is an escarpment of mountains and hills, dominated by the mighty Drakensberg range.South Africa boasts some of the earliest evidence of the emergence of the human species, between one and three million years ago.
  • Sixty second history lesson!!
  • Born in a little town in the eastern part of South Africa bordering Swaziland.Left South Africa in 1967The first taste of freedomConnecting with American Peace Corps in 1968Established connection with members of the ANCMet my wife in 1979
  • He became a symbol of the sports boycott movement when pictures of him receiving his trophy outdoors in the rain, because, due to apartheid, he was not allowed to enter the clubhouse, were published across the world. Sewgolum, a former caddie, with his wrong-way-round grip (left hand beneath his right) caused a stir in 1963 when he beat 103 white golfers including Harold Henning in the provincial Natal Open tournament at the Durban Country Club. In 1965 he beat Gary Player to win the title for the second time. He also won the Dutch Open in 1959, 1960 and 1964. He was the winner of a number of non-white golfing championships in South Africa.
  • Yosemite 1976
  • San Francisco 1976
  • My best advice is to work with a South African firm that can assist and advise international buyers on all aspects of buying property or real estate in South Africa including:
  • Housing in SA reflects the inequalities in wealth that still exist between the country’s rich and poor. Some homes rival the most imposing in the world, there are mansions, well-tended cottages, gated-communities and golf course estates. Tin shanties and informal or squatter settlements blight most of SA’s cities and towns.Government is acutely aware of this problem and continuously building homes to meet this demand.
  • Property growth is the common contributing factor to a country‟s economic prosperity and is always followed with much interest. As expected, the 2013 Property Report has confirmed that the growth experienced in the property boom years of 2003-2008, has somewhat slowed down. In January 2013: the average price of small homes (80-140 sq. m) was ZAR789,400 (US$89,301) the average price of medium-sized homes (141-220 sq. m) was ZAR1,077,700 (US$121,915) the average price of large homes (221-400 sq. m) was ZAR1,592,800 (US$180,185).
  • Looking at the property market ten years ago, South Africa‟s residential property market grew by 20% from 4.4 million. Five years later in 2008, this growth was pushed to 5.3 million. A further five years later to present day, another 9% growth has attributed to 5.8 million residential property owners in our country. The Report illustrates that nationally, black ownership grew from 37% of all residential property in 2003 to 40% in 2008 and 42% in 2013.
  • Good description of home buying process
  • 42 year Reunion
  • Investing in South Africa - IAR Multicultural Summit

    1. 1. Multicultural SummitAhmed Badat, AHWD, CIPS, ePRO
    2. 2. Greetings from the RainbowNation! English: Hello Afrikaans: Goeiedag isiNdebele: Lotjhani isiXhosa: Molo isiZulu: Sawubona Sesotho: Dumela Tshivenḓa: ♂Ndaa / ♀Aa Xitsonga: Avuxeni
    3. 3.  The Dutch East India Companyestablished a settlement at theCape under Jan van Riebeeck in1652. Britain annexs the Cape 1795. Indian indentured laborersbrought in 1860 1910 –Union of South Africa 1912 Founding of the ANC Apartheid made law 1948 1994 – New democratic nation –Mandela 1st president.60 Second HistoryLesson
    4. 4. A Little PersonalHistory
    5. 5. Albert John LuthuliAfrica’s first Nobel PeaceLaureate-1960
    6. 6. NelsonMandelaat the treasontrial 1960 –Father of theNation
    7. 7. Archbishop Desmond TutuNobel Peace Laureate – Human Rights activist
    8. 8. Papwa Sewgolum – 1930-1978Symbol of the Sports Boycott movement
    9. 9. POP QUIZI came to the US for the 1st time in 1976. Whichof the following was my reason for coming?A. Join the flower power nationB. Attend San Francisco Art InstituteC. Learn the “real disco” dancing
    10. 10. The Estate Agency Affairs Board (EAAB) wasestablished in 1976 Regulate, maintain and promote thestandard of conduct of estate agents havingdue regard to the public interest Manage and control the Estate AgentsFidelity Fund Issue Fidelity Fund Certificates; Manage the educational and examinationstandards of the estate agents http://www.eaab.org.za/homeReal Estate in South Africa
    11. 11. Real Estate in South AfricaThe Institute of Estate Agents of South Africaformed in1937 The IEASA is a professional organizationwhich supports its members, andmembership is voluntary. The IEASA has a national office, andregional offices in the major centers. http://www.ieasa.org.za/public/
    12. 12. Real Estate in South AfricaWork with a South African Estate Agent The acquisition process The best form of holding property -trust, company, close corporation or individual title Financing of the property All related costs - transfer fees, transfer duty, bondregistration fees Investment structuring Capital Gains Tax and any other applicable taxesThis will ensure that you buy the right property in theright area and that the buying process is a safeand painless one.
    13. 13. South African Property Market:www.ieasa.org.za
    14. 14. South African Property Market:
    15. 15. Guess how muchthis home is listed for?
    16. 16. For more information:www.eaab.org.za/home
    17. 17. For more information:www.bondbusters.co.za/property-buyer-guide/home-buying-process.php
    18. 18. R 12,600,000
    19. 19. Siyabonga! Thank you Questions? ambadat@comcast.net

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