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Speaker 1: Turning momentum into measurable economic outcomes. The sixth South Africa

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Speaker 1: Investment Conference live on seven oh two, eighteen twelve.

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Speaker 2: Thanks very much for joining us, Siah, this is seven

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Speaker 2: o two. Clement is not shared. We're together till twelve,

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Speaker 2: so I'm trying to are trying to rush in as

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Speaker 2: many guests as possible and squeeze them in before we

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Speaker 2: say goodbye. And sitting in front of me, Nayalen and

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Speaker 2: I do see you of Property twenty four is joining

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Speaker 2: us and that this is a very important entity, especially

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Speaker 2: in the ecosystem of property in South Africa. Certainly you

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Speaker 2: can ignore it, mister and I. Thanks for your time.

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Speaker 2: Welcome to seven oh too.

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Speaker 3: Good morning, Oh, good morning, nice to be here. Thank

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Speaker 3: you so much.

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Speaker 2: What are you guys doing here and what are you

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Speaker 2: hoping to get from this investment conference?

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Speaker 3: Well, this is my first investment conference and so it's

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Speaker 3: a little bit of a learning curve for me. It's

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Speaker 3: been an absolutely amazing experience to actually see all the

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Speaker 3: fantastic development within South Africa, commitments being made. Certainly we're

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Speaker 3: part of the Naspers group and so we are falling

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Speaker 3: into the whole sort of nassment investment philosophy and all

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Speaker 3: the work that's happened in the country.

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Speaker 2: How important is it for our investors, especially outside South

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Speaker 2: Africa to invest in property in South Africa? And I

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Speaker 2: know you deabbled with commercial and residential and so on,

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Speaker 2: but how important is that investment for stimulating this industry

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Speaker 2: that you occupy the space? Yeah?

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Speaker 3: Absolutely crucial. So I mean, obviously local investment is important

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Speaker 3: as well, and we have much you have lots of

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Speaker 3: money locally, but international investment sort of a fun. Direct

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Speaker 3: investment is a massive vote of confidence within the country,

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Speaker 3: especially when businesses invest in commercial, when individuals invest in residential,

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Speaker 3: it's a fantastic outcome for all of us. There are

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Speaker 3: some drawbacks in some instances, you know, property prices going up.

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Speaker 3: That's obviously caused some consternation and parts of the country,

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Speaker 3: but net net, it's a fantastic story.

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Speaker 1: Yeah.

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Speaker 3: Certainly some platform like Property twenty four will help provide

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Speaker 3: information that. Yeah, these investors can make informed decisions and

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Speaker 3: the way they want to put their money.

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Speaker 2: The environment. Is it viable for investors to jump in?

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Speaker 3: Absolutely, from from your point of view, absolutely, from what

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Speaker 3: we can see, it's a point. It's a point area

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Speaker 3: a point, industry interest rates aret a very good competitive

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Speaker 3: competitive level, and so to the extent that we can,

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Speaker 3: we can get investors into the country. It's it's a good.

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Speaker 2: Touch speaking about local investment. Is property still an investment

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Speaker 2: of choice especially for ordinary people? And the more property

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Speaker 2: you have, are you better off in the future? They

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Speaker 2: used to be saying that rather investing property than anything else.

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Speaker 3: Look, I actually come from a financial services background as well,

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Speaker 3: and so you know, property is but one asset class.

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Speaker 3: I can't say it's the only one. But look, property

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Speaker 3: is as such a special asset class. I mean it's

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Speaker 3: not just about the numbers. A lot of it's got

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Speaker 3: to do with the heart and emotion and where you

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Speaker 3: want to live, and all of that also plays a

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Speaker 3: massacre and an investment decision.

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Speaker 2: And now our rate is good for someone wants to

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Speaker 2: invest in property in South Africa. We have competitive rates,

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Speaker 2: competitive prices on those portfolios.

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Speaker 3: Yes, yes, yeah, absolutely, and I think there's still value

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Speaker 3: in the South African property market without a doubt. Our

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Speaker 3: interest rate environment right now is extremely favorable. Long may

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Speaker 3: at last with some of the external shocks coming. But yes,

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Speaker 3: I mean it's a positive time to be here.

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Speaker 2: Naylan, thanks very much for your time, and we will

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Speaker 2: be seeing you as we browse through those expensive, lucrative, nice,

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Speaker 2: opulent commercial and residential entities that you are advertising on

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Speaker 2: your platform. You're doing a fantastic job. All the best

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Speaker 2: to you.

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Speaker 3: Thank you so much, hope you find something amazing.

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Speaker 2: Naylan Night for Property twenty four draining us he on

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Speaker 2: seven oh two, fourteen minutes