How will South Africa benefit from future UK government investment?

D

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
 
F

FWL

Active 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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