How will South Africa benefit from future UK government investment?

Discussion in 'Africa Property' started by diyhelp, Sep 5, 2018.

  1. diyhelp

    diyhelp Active Member

    Theresa May recently announced that the UK government will be investing £4b across Africa once Brexit has been sorted. Even though the South African economy has recently slipped into recession (short term recession?), surely this investment must be positive for the housing market?

    https://www.bbc.co.uk/news/uk-politics-45325701
     
  2. FWL

    FWL Member

    At best £4 billion would need to be focused in a specific area to make a difference to property prices. Africa, and in particular South Africa, is a massive economy and £4 billion hardly scratches the surface. Let’s not forget, South Africa also has a historic reputation for corruption - can the government really invest this level of money with total confidence?
     
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