South African property companies are currently taking billions of rands across the country by making investments overseas.
This is due to the poor economy, increased municipal rates and taxes, as well as political uncertainty in the sector as well as fears of expropriation without compensation.
Investments overseas in 2018 were almost four times more than locally spent. Central and Eastern Europe seems to be the most popular overseas markets.
Experts say if this is a measure of business confidence in the country, then the picture looks dark for years to come.
New research from US research and analytics group, Real Capital Analytics (RCA), shows how South African-based investors are putting more money in foreign markets than ever before – with outbound investment four times larger than money coming into the country in 2018.
According to the group, “the gulf between investment activity in South Africa and overseas
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