Property development since 1994 has soared, particularly in the R200 million-plus bracket. One shining example is a homestead in Nkandla that was once a compound but has been refurbished as a palace at the relatively low cost of around R250 million. Resourceful project management has seen the iconic dwelling mushroom in the rural foothills of KwaZulu-Natal and it has set the benchmark for this multimillion rand industry in South Africa. What drove this magnificent piece of architecture is uncertain but economists suggest the largesse of the South African economy might be the reason. Whatever the reason, it's here to stay, and sets a shining example to young entrepreneurs about what might be achieved with a little common sense, craft and financial diligence. It has caused such a stir, that rumours suggest it may even be proclaimed a national monument and possibly the biggest fortress ever built in South Africa. Nostalgically it evokes the glory and grandeur of those good old feudal days and is a fitting tribute to the history of this great country and it's willingness to always help those in need.
The other great stride since 1994 is, of course, corruption. Few would argue that this vigorous and highly competitive industry has come along in leaps and bounds over the last two decades. It is now a multibillion rand industry and one of the fastest growing in South Africa's economic sector. Because of its growing and enormous potential there are moves afoot to include it in the Gross Domestic Product, primarily to clean up its image and boost the South African economy.
So our beloved country has much to look forward to in the next ten years. An upturn in the economy built on flourishing corruption and a nationwide property boom of palatial magnitude.
Viva freedom!
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