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News: SA going from strength to strength

Tue, 15 Apr 08

South Africa is one of the world’s top emerging markets, according to Forbes Magazine...

In Forbes’ recent list of the world’s top 10 emerging locations, the South Africa came in at number 6.

The magazine revealed: “Luxury properties in Cape Town and Johannesburg, which are generally occupied by the upper classes, are very limited. As a result, prices jumped 5.25% last year.

“The overall economy has performed well; growth has been just under 5%, in real terms, and hasn't been subject to the swings seen elsewhere in sub-Saharan Africa, where it's typical to see 5% and 6% growth paired with 15% to 20% inflation in consumer prices.

"Another good sign is the fact that commercial spaces such as offices, retail and industrial spaces have increased in value at between 7% and 10%".

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