Discussing the current property scenario with a few of his Cape franchisees recently, Bill Rawson, Chief Executive of Rawson Properties, said that in his opinion many of the big fears regarding the impact of the worlds debt crisis are being discounted by the South African property sector which is now beginning to look forward to a slight upturn in sales in 2009.
But, said Rawson, he is finding that he is now being increasingly questioned about South Africas political future.
'Regrettably,' he said, 'there is a growing concern that the direction South Africa might take could be unduly influenced by distributionist left wing policies and, in particular, by the very inexperienced ANC Youth League. If this happens, it will definitely deter investors.
'I am now regularly encountering concern about the lack of censure from the Zuma faction leaders regarding the ANC Youth Leagues more irresponsible statements. This appears to indicate that they are unsure of their stance in economic matters and that there is less respect for the constitution. The statements seem to indicate a willingness to ignore the courts and the rule of law and to ride roughshod over other peoples opinions. This perception has very definitely been harmful to South Africas image'
For many, added Rawson, the possibility of a strong opposition to the ANC alliance emerging is welcome - but until clarity on these matters is achieved uncertainty will hold back investors, developers and man-in-the street buyers from committing themselves in the property sector.
'Let us hope that before the end of the first quarter of next year the leaders, whoever they turn out to be, will have given the general public some assurance that South Africa understands and accepts the beneficial role of private enterprise. The country now desperately needs to step up its growth rate and go forward despite the effects of the First Worlds economic failures'
