Lew Geffen Master Investor May 2013 with Neale Petersen
Investor Talk: Editors Letter – REIM May 2013
Investor Talk May 2013
In The Headlines This Month.
BY ANGIE REDMOND
This month we take a look at a number of important issues that affect property owners, including
property valuations and trusts. We chat to Marcus Fenwick of Mazars Financial Services about
the introduction of REITS and to Andrew Etzinger of IDM, Eskom, about the electricity
The Conservative Property Maverick. Maverick (noun) - “Someone who exhibits great independence in thought and action”
. BY NEALE PETERSEN
Involved in the real estate industry since
1972, Lew Geffen is undoubtedly one of
the doyens in the business. Today, he is
considered as one of South Africa’s leading
experts in real estate. As chairman of Lew
Geffen Sotheby’s International Realty, Lew
also holds directorships in other associated
property and industry-related companies. It
was, therefore, a pleasant surprise to discover
that he is not only an avid REIM reader and
follower, he’s had REIM delivered directly
to his home for a number of years.
Discovering the Money Tree. Money Grows On Trees"Promises to Pay"! BY MONIQUE TERRAZAS
The banking and financial system
globally is under scrutiny as scandal
after scandal rocks what we had
always assumed was a trustworthy industry,
solid as rock.
But things have changed. There is little doubt
that the irresponsible practice of securitisation
and inter-bank lending brought about the
global credit crunch.
The Truth About Trusts. What benefits lie behind the tax? BY KOOS DU TOIT
Once investors understand
how simple and cost-effective
a trust can be, it becomes one
of the greatest tools in their
wealth creation armoury.
Why use a trust?
Of particular importance to
property investors, a trust
is a structure through
which you can obtain
more mortgage bonds than
you would be able to in your
personal name. Trusts, as
separate legal entities, are
not subject to the provisions
of the National Credit Act.
Paper Begone... Converting To Modern Software. BY JONATHAN SMITH
Real estate investment managers should,
ideally, keep abreast of the latest data
across a wide spectrum of information
within their property investment portfolio
and, thanks to modern software, this is
possible via a live (or real time) concept known
as a dashboard.
Land Ownership Under Fire. Should foreign property owners
be worried? BY RUI MARTO
Last month the Minister of Rural
Development and Land Reform, Gugile
Nkwinti, announced that foreign nationals
will no longer be able to own land in South
Africa once the Government’s new Land Policy
is finalised and promulgated into law. The news
has sent shockwaves amongst foreign nationals
who already own property in South Africa,
foreign investors and the property industry. These
were not the only restrictions announced by the
Minister which are sought to be introduced. In
this article, I examine what these proposed Land
Reforms will be and more specifically, the extent
to which they will affect the foreign nationals’
ownership of property in South Africa.
10 Life Lessons. From 10 Billionnaires. BY ANGIE REDMOND
The 2013 Forbes Billionaire list now has
an impressive 1, 426 names on it. The
net worth of which is estimated at $5.4
trillion. The United States has 442 billionaires;
Asia-Pacific has 386, Europe 366, The Americas
129 and the Middle East and Africa 103
billionaires. So what can you learn from them?
Here are some key lessons from ten billionaires
on earning money.