All Forum Posts by: Fritz Coetzer

Morning Dick

That should be a way of life.....yearning to learn new stuff daily.

You and I are in the same boat then...I also have zero experience in foreign investing. But then, as I said before only due to the fact that the exchange rate does not make it worth my while to consider it....yet.

As we speak....$1 will give you R8.50. I had a Canadian medical docter taking a $100 000 overdraft from his bank and then he bought himself a beautiful home here in South Africa (Cape Town) The the exchange rate were 11 to 1.

There is also great software around, for free, to play Forex fluctuations on currencies....but one need to know exactly what you're doing....also one of the things I'm considering doing.

Cheers

Fritz

Hi Dick

Thank you for the welcome!

At this moment only in South Africa.....starting to scout the rest of the world. Difficult for us here in SA when the Rand is so weak against the Dollar.

Before I forget .... why are you asking?

Fritz

Good morning all (10:00 in SA)

Thank you all for you comments and views!

Indeed we are living in interesting times, no matter where you call home at this moment in time!

I must admit that I'm unashamedly biased towards my own country...warts and all! I also believe people in glass houses should not throw stones....simply meaning every country has its own internal issues and they should not necessarily single out South Africa. I do understand that certain or most parts of Africa does have serious issues.....and I only discuss those issues when I braai (or barbeque as our American friends call it) and enjoying some beer!

As I own my own property business, I do at least 3-6 deals with foreigners each month, mostly from the UK, Australia and other African countries....surprisingly never anyone from the US!

Jon, I would like to invite you personally to visit our country, you would be surprised how different it is from what you see and read in papers and TV! Personally I usually take papers like "The Economist" with a pinch of salt! Perhaps they are overly negative but rather uninformed I would say......

If any of you need info on South Africa, just say the word and I will send some unbiased stuff....promise!

I would appreciate any views that any other forum member might have on South Africa, good or bad....maybe we all just might learn from each other.

Have a great day!

Fritz

Good day to all

This is my second post, 1st one being my intro hello!

Apologies if this matter has been discussed before but I'm curious to know:
Do the American and European property investor see South Africa as an emerging market?

(To qualify my question. As a 43 year old South African I see our beautiful country as a mixture of 1st and 3rd world. We have infrastructure in our major cities equal and better that in most countries in the world. Currently we are preparing for the World Cup Soccer in 2010. Our banks are perhaps better of than most European and American banks at his moment, and 15 years post apartheid era, our country is still growing strong, despite the usual politics and issues a young democracy may suffer. We have beautiful and clean beaches, abundant wildlife(and NO, they do not roam around loose in our streets!) )

My second questions is, do you or have you ever thought of investing in real estate in South Africa, especially with the strong Dollar/Euro/Pound to the Rand?

Hope it make sense, and I'd love to hear your comments!

Cheers

Fritz

Hi to everyone!

I really do hope to meet some interesting people and have some fun chatting about property.

Cheers

Fritz