Africa is the fastest growing Foreign Direct Investment (FDI) market in the world. From 1990-2013 FDI inflows in to Africa increased 19 fold – from $ 3 billion to # 57 billion. This has opened the door for great opportunities and forward looking South African companies have in recent years bolstered their profits and their growth by expanding into Africa. Many now claim to have ‘African knowhow’ – an understanding of how businesses and governments work in this continent.
“The approach adopted by most of them,” said CEO of the Trace Associates Limited experts The Valuator Group, “is to insist now that the home must be valued at its true market value. This has led many home-owners to expect that the rates and taxes they are asked to pay will accurately reflect the rise in the home’s market value. For example, if the valuation has risen by 40% they expect their rates and taxes also to be approximately 40% higher. Experience has, however, shown that this is often not the case and that the revised increase is far greater than the market value would appear to justify.”