 I'm Brian Kappa. I'm a 10-time South African Motorcycling Champion. My family and I have chosen to live in four ways. There's some really great suburbs in our neighbourhood. There's a lot of families living in the surrounding areas, in places like Lone Hill and Cedar Lakes. What draws people to Cedar Lakes is that it's so close to the Broadacre Shopping Centre, Cedar Square and Four Ways Life Hospital. Lone Hill is a major draw card for many families. It's got some great smaller commercial centres and some fantastic schools like Crawford College. From an entertainment point of view, Monte Cassino really comes alive at night. There's so much on the go and there's an incredible energy in the area. Our family just loves the fast-paced lifestyle that Four Ways brings. But honestly, the thing that attracted us most to this area was the active lifestyle that it offers. As a family, we've chosen to live in Four Ways because of the lifestyle and convenience and this is our neighbourhood. Perhaps you're renting in a property where it is run by a body corporate. Understanding the basic calculation, income minus expenses and you want to be led with a positive income. It is a very tough game. It's not easy at all. Just stay ahead of knowing exactly what your clients need, what their teething issues are. Have your joints live in inspection. But a lot of people that are coming into sectional time called Home Owners Association are just like you described, not only first-time home owners, but first-time owners and residents in community schemes. They get to see the perspective from the other side of their eye and I think that's a really important thing to do. There's a market that's a state estimated to be translating at at least nine billion rand per year. So it's a huge market. In order to get there, you need to be able to build up a track record. Because your cash flow model needs to be sharp. A quote comes to mind, the best time to buy a property was about ten years ago. The next big time is now. What is a bank at a time like this? In a world filled with uncertainties, where lives are put on hold, business paused and working together means staying apart. At Apsa, being a bank means staying connected. It means being a part of your future, providing relief at a time of need and doing this through effective, secure online platforms. It means staying in touch whenever one else seems distant. Being a bank means knowing that we've come from far and are yet to go further. So we are going there, so we are going there. And that possibly this could be a time for a new beginning, an opportunity to reflect and rebuild. We are alongside you, helping you to finance your dreams and grow your legacy. We are in this together, but go further, it's okay. Once as Amazon, that is African-nasty. Welcome to your next home. This is the perfect room if you're looking to expand the family. It's perfect as a kid's room or a playroom. Did you say playroom? Yeah, playroom. Something very bad. You know what, let me give you a moment. I'm gonna feed the... You go feed the... Understanding the basic calculation. Income minus expenses, and you want to be left with a positive income. It is a very tough game. It's not easy at all. Just stay ahead of knowing exactly what your clients need, what their teething issues are. Type of joints, but a lot of people that are coming in intersectional time called home owners associations are just like you described, not only first-time home owners, but first-time owners and residents in community schemes. They get to see the perspective from the other side of their eye, and I think that's a really important thing to do. There's a market that's estimated to be transacting at at least 9 billion rand per year. So it's a huge market. In order to get there, you need to be able to build up a track record. Your cash flow model needs to be subbed. A quote comes to mind. The best time to buy a property was about 10 years ago. The next best time is now. Good evening and welcome to episode 52 of the Private Property Podcast. I'm your host, Uzama Dunga. It's the Wednesday edition of the show. That means, of course, we have somebody from Apsa who'll be helping us manage our money better, help us manage our property better. So if you have any questions or comments on this evening's topic, do send them through below. We'll also, of course, later on in the show, going to be giving away that 5,000 rand daily price that we're doing over the course of the next few episodes. That's, of course, 10 episodes. So all you have to do is just stay tuned to find out if you're going to walk away with that 5,000 rand price. We're, of course, still running that competition where we're asking you all about your property, dreams, ambitions, and goals. All you have to do is share them down here below and use the chance of winning one of two 1,000 rand prices next week Friday. We will be doing that lucky draw right here on the Private Property Podcast. Well, we are, of course, staying in line with the theme of Youth Month and talking about different money matters and property matters that certainly affect us as young people. And this evening we're looking at multi-generational wealth creation through property with APSA. And the, you know, to help us better understand how we can better create wealth, especially when we're using property as an asset class. I'm joined this evening by Bunganima Geba, who's a managing executive of non-banking financial services at APSA Relationship Banking. Bunganima, thank you so much for joining us this evening. Thank you very much, that man. I think let's just first, you know, sort of start with young people. Oftentimes, when I think about money, I mean, I share here on the podcast, I turn 13 January. So oftentimes money issues can be such a contentious topic, such a heavy topic. Sometimes it's very overwhelming. There are so many mistakes that we sometimes, you know, make certainly in our 20s when it comes to money. And perhaps by the time we kind of get to the 30s, we want to potentially rectify some of the mistakes that we essentially make. What are some of the mistakes that you've seen that young people make when it comes to their money matters? Well, Zama, thank you very much for that question. That's possibly one of the most pertinent questions when it comes to money matters and young people. One of the leading reasons why young people make mistakes that they often do is due to financial illiteracy. And at APSA, we cannot stress enough the importance of financial literacy. And in fact, we are involved in a number of other initiatives which are aimed at helping people increase and better their financial literacy. Because without financial literacy and understanding, it's actually very difficult to navigate this world of finances. Some of the mistakes that young people make, and that's the question I've asked, is firstly, is they live excessively and cannot differentiate between things that they do not need and those that they do need. That's one of the biggest things. But often, I think the first thing is, you know, the old adage that says, when you fail to plan, you plan to fail, it is so true when it comes to money. And that often is the reason why people live excessively because they're living without a clear plan as it pertains their finances. And then the host of other causes and behaviors that are displayed by young people. The other behavior is they often postpone saving, especially for retirement because you tell yourself that you're still young, you're too late in life, and you think that you've put a lot of time left. However, the reality is, the longer one waits, the less compound interest you're likely to earn. So the sooner you get in the better. Because time in the market is better than timing the market in this instance. Also because of lack of financial literacy, young people have a tendency to misuse credit, which can lead to an undesirable credit profile, and often they pile up debt, and debt can be quite expensive. So without that understanding, you end up actually servicing debt on things that you do not need. And there's a host of other reasons. And host of other causes as well, maybe we will get to those later, is why young people find themselves there. But those are just some of the few that have just given you. You know, Barani, as you were saying, often one of the repercussions of us not getting in early when it comes to our savings, and I'm also quite guilty of this one, thinking I'll eventually get to retirement planning, and it's certainly something that gives me a lot of anxiety when I think about it, is of course not being able to take advantage of something like compound interest. I think it was probably in one of my finance courses where you actually look at a model of the time value of money and how much money we essentially have if you started putting it away at X period, and you kind of like let it sit and compound over it the next couple of years, it can be 10, 20, or even longer. And I think so many of us probably aren't aware of some of those things, and it even speaks to how when we certainly start having conversations about money, or being slightly a bit aware of how money affects different parts of our lives, is that we don't have a clear plan in place, and perhaps a bit later on we'll even look at what are some of the things we actually ought to be planning for. Because we're quite excited, you get that first job, you know you're going to get your salary, or perhaps it's your first promotion, and you still don't really know what are you supposed to be planning for financially. Paying your rent and whatever other expenses you have, but what are the other financial instruments you should be looking at, or even asset classes you should be considering investing in for long-term purposes. It's certainly something that I think as young people we're still very fundamentally struggled with, or sometimes even intimidated by. But so I mean the reality though is that we're now in the middle of a global crisis that is very negatively affecting you know our economic standing, certainly as young people I think we're quite vulnerable we saw the unemployment figures coming out just yesterday and it does paint quite a bleep picture for young people and young women in particular. Now given that you know we're currently going through very tough economic times right now what are some of the opportunities that APSA essentially has for you know young people or anyone really who's looking to build their legacy and really looking to better their financial, their future financial prospects? Well I think the first thing I want to do is to acknowledge that the current economic recession is actually quite deep and maybe prolonged. You know experts say this could very well be the second deepest recession after the 1929 economic recession and that has led to massive disruptions to the economy and South Africans have other lost their jobs or they've had to maintain their households which reduced income and increased living expenses. So we are quite conscious of that so I'm certainly very very conscious of that that it may not be normal for most people and for many young people. So when we talk about what opportunities may be there the opportunities vary but the first thing I've got to suddenly say upfront is you don't have to navigate these on your own we certainly believe in financial advice we strongly believe in financial advice. So one of the key things our advice young people to do is to get themselves financial advice and you can access this through our various platforms but you can also go to a physical branch and access yourself a financial advisor because the financial advisor will help you through understanding of your circumstances your financial behavior your needs your goals to help you put together a plan and that plan could comprise of a number of aspects to it. Of course the plan itself will be informed by your own individual risk tolerance your objectives as well as your horizon that you want to achieve some level of financial independence or wealth creation but the plan will take into account whether today do you have any excess disposable income that's an incredibly important thing you can't begin to do the things I'm talking about if you do not have any excess disposable income and to the extent that you do not have excess disposable income the financial advisor will also help you through that process so you can reject your finances so that you can have some sort of disposable income and begin to save. We offer a number of opportunities our advantage being a full service bank that offers both banking and non banking products and with the various collections within the bank it means that we can offer a number of solutions we are able to offer you market related solutions what I mean by that is vehicles that will put you into various asset classes in particular unit trusts which allow you to save and also give you the flexibility so that's discretionary type saving instruments we can offer you as well non discretionary type saving instruments which could be things like structured products for those obviously have a lot of money or guaranteed products but even less than that we do have a number of non discretionary vehicles that you can use to save it's a simple thing like a retirement annuity which does not require a lot of money for you to save towards so I mean it's probably quite wide in that regard and you know so you certainly highlighted the different types of vehicles that are potentially available at our disposal what have you found to be some of the typical barriers you know when it comes to people wanting to embark on their wealth portfolio well I think the number of barriers and many of them could be specific to young person and the generation or where they come from and others in other words the circumstantial sort of mean but other barriers could very well be self created but as I said the first one is just having no extra disposal income the second one is the inability to structure a budget that differentiates between essential and non-essential expenses and that obviously has a number of other negative consequences and however some of the more circumstantial barriers which are true in this country is where young people may have to look after parents, siblings, extended family therefore making it quite difficult to prioritize savings and investments sometimes it's a factor in the bad community at least as a black text so some and then a number of young people have that as a challenge now those barriers are barriers that can be overcome through engaging with a financial advisor and essentially sticking to your plan I do want to also say that whilst it is advisable that you start early it is never too late it's certainly something that's been echoed throughout the show that often times when it comes to investments certainly we focus quite a lot on property investment you want to have started 10 years ago but the next best time to start is certainly right now and there are certainly different ways that as young people we can go about learning about the particular asset class that we are interested in and the different ways that we can make it certainly work for us but often times when you talk about issues of barriers it's always so important and I'm so glad that you bring it up that we're also mindful of some of the structural barriers that other young people certainly in this country are often faced with we are of course taking your questions and comments at home do send them through we've got some comments coming through from some of our viewers at home and one here is from she says we're all taking up space as young people and it's vital for us to be financially literate especially if we want to be future property owners and that's such an important one to bear in mind that understanding your finances and being able to manage your finances opens up different opportunities whether it be being able to use them in property or other asset classes another comment coming in here from a patient is by the time you get to school you're already accustomed to a certain lifestyle from home so if there is a poor money management at home it's hard to adapt to learnings from school and that's such a true one we're going to go for a quick break and when we come back I want us to look at some of the advisory services that APSA has especially in helping us better manage our property portfolios because as you're saying there are various asset classes certainly viewers of the private property podcast have a particular interest in property and we want to be able to manage our property portfolio along with the other asset classes that we've chosen to invest in because of course it is quite important that we don't over invest in one asset class we want to diversify our investments as much as possible do keep sending through those questions and comments and more of those comments and questions but also looking at APSA's offering when it comes to their advisory services and how they can better help us manage our property portfolio we'll be back just after this what is a bank at a time like this? in a world filled with uncertainties where lives are put on hold business paused and working together means staying apart at APSA being a bank means staying connected it means being a part of your future providing relief at a time of need and doing this through effective secure online platforms it means staying in touch whenever one else seems distant being a bank means knowing that we've come from far and are yet to go further and that possibly this could be a time for a new beginning an opportunity to reflect and rebuild we are alongside you helping you to finance your dreams and grow your legacies we are in this together once as Amazon that is African Nascita tips for dealing with the banks perhaps you're renting in a property where it is run by a body corporate understanding the basic calculation income minus expenses and you want to be left with a positive income it is a very tough game to stay ahead of knowing exactly what your clients need what their teething issues are that a lot of people that are coming into sectional time called home owners association are just like you described not only first time home owners but first time owners and residents in the community schemes they get to see the perspective from the other side of their eye and I think that's a really important thing to do it's a market that's estimated to be translating at at least 9 billion a year it's a huge market in order to get there you need to be able to build up a track record your cash flow model needs to be sharp a quote comes to mind the best time to buy a property was about 10 years ago the next best time is now welcome back to episode 52 of the private property podcast I'm your host this evening I'm joined by who's the managing executive of non-banking financial services we're talking about multi-generational wealth creation through property with APSA and really exploring the different ways that we can begin to create that financial legacy certainly for the children that come after us I don't have kids disclaimer but we certainly need to as young people start thinking to go about creating wealth and perhaps it's for when we retire or certainly for some of our loved ones when we pass on what are the issues that Bumana wanted us to explore certainly around APSA's advisory services how does the advisory services essentially complement and support investment in property so as I said earlier on you know and we spoke about it compounding and compound interest is one of the biggest miracles the second and probably one of the most important ones as well is that of diversification one of the key pillars therefore of our advisory services is diversification because that allows us to protect and grow your portfolio through the number of years that you still have or that you still be around that gives us a wonderful opportunity for us to build a portfolio that is not just exposed to one asset class and physical property is an unlisted property and I guess that's what we're talking about here today is one of the obviously most important asset classes that we can suddenly invest in as young people and one of the key things I want to talk about is the fact that as you as a young person work through and go through your life going through an advisor is absolutely critical because you then get an opportunity to access those advisory services but the advisory services that we talk about here if you work closely with the financial advisor is that you can also then get an opportunity to access other services within the banking side of EPSA but for some of our aspirational investors or yet to be investors, young people you can get an opportunity or please get to establish a budget so that's a service that can help you with the ability to determine the affordability of purchasing a new home will be able to help you with that and will be able to help you as an aspirational home owner put together possible and be educated about the possible expenses of owning a home and will be able to help you work through what would happen at this point for instance interest rates have gone down about 275 basis points so it's a good time to get into the property market but you also have to cater for when interest rates go up and if you sit with a qualified person will be able to help you through that process and of course will also be able to help you in relation to buying a new home with the type of life cover or disability or as well as critical illness and if you lose a job as well that type of cover is critical when you have committed yourself to buying an asset like a home with some of the services that through having a relationship with EPSA and financial advisor you'll be able to access and I think if you start right you'll be able to end right as well and that's so crucial Wani you actually mentioned something around how we've got historically low interest rates right now and it's certainly you know something that young buyers, new home potential home buyers are going to be looking at as a reason to get their foot into the property ladder before they take that step what are some of the things that we should consider because I think we also need to be quite mindful that these historically low interest rates don't come because of a natural phenomena or because our economy is so strong if anything it's at the back of the global essentially financial crisis really and the curve bank trying to ensure that there's a bit of fiscal concern even within the economy so what are some of the things that we need to consider before we buy that property because I think some of the dangers of historically low interest rates especially to buyers who don't know better or haven't learned sufficiently is that there's obviously the danger of being misqualified or misdiagnosed so you think you qualify for a million grand bond but in actual fact we know these interest rates are going to be going up in the next few months you don't quite can't quite afford that million grand bond so there's certainly different things to bear in mind before you max out whatever qualifying amount you're going to get should you purchase a property right now what are some of those things that we should be considering considering that we are of course facing historically low interest rates so you mentioned something quite important here you know even though the forward agreement forward rate agreement markets pointed to an environment where we may continue to experience the low interest rates for the next 12 to 18 months we should be extremely careful because as you said as a result of some natural phenomenon it is a conflation of global and local factors that have led to such low interest rate of cost and that makes a key driver and therefore as you go into this asset class, in fact like any other asset class you need to take a few things into account but in relation to buying a new home you have to be clear about your key consideration for wanting to buy a property or even build a property portfolio you're getting to your second or third or fourth property so your investment objective is absolutely key clearly if you're buying your first home what you're most likely looking at is just physical shelter and there are a number of advantages obviously with property because you can also unlock the value of the property the second key thing you've got to consider is the time horizon you wouldn't necessarily be getting into physical property to get out of it in the next year or two or three so the time horizon is absolutely critical when you're getting into property the third important thing which is I think the deal breaker for many relative to their income is things like transaction costs because this transaction carries with it some costs as well as of course ownership costs that often is the deal breaker that's what leaves the sour taste that most people's mouth once you have your beautiful home once you have the home that you've been looking for and I think number four is you've got to look at what diversification benefits you're looking for in other words if all you have in your portfolio is physical property you've got a concentration problem we are so all of these things are absolutely critical and you've got to walk through them quite carefully so that you don't just find yourself having been sold the property that a year or two or three down the line sits as an upper trust around your neck instead of you enjoying it even if you're building a portfolio it's very very important to understand what your time horizon is that diversification benefits comes from owning but you're on listed property so you know you've certainly been in the game you even a banking man if you could essentially rewind to 10 maybe 20 years ago and almost start over what investment decision would you make now knowing what you've certainly accumulated in knowledge over the past few years in your career well I think like most of us I had two things I had to deal with one was black text so I had a level of black text and two servicing a bit of my student loan so those are two things I initially had to deal with but you know looking back I think I would have I think attended to those differently and I think what I certainly did was to go in and pay these things over 3-4 years when I think I could have been doing some of this simultaneously I think I could have been doing some of it simultaneously with getting into certain investment vehicles because then you'd have 22, 23, 24 so I lost a bit of time there I think the second thing for me that I could certainly if I had the opportunity to correct is this whole thing around delayed gratification you know I think many of us suffer from that certain things that you want to have whether it's a car when you start working of course it becomes not just a want it's a need because it's got to go to work but I think that's one of the things that I could have done differently and better and I think the last one is just the lesson you know we talk about the six month rule in the investment saving space which is at least you must build your six months buffer as soon as you can in other words you need to take your earnings and say and build up six month savings of your earnings as quickly as you can and maintain that as much as possible and increase it as of course your life changes so some of the things I think Zama could have done differently and if I had suddenly the time to rewind I'd go and fix those things one last question or two last questions this is the second last one this one is coming in from Laura McHenry who asks is it better to save and then buy or get a hundred percent bond and pay that off what are your financial requirements for a hundred percent bond well I'm not expressing this but very few banks these days give necessarily a hundred percent bond but my advice would be to actually save for some sort of be clear about what you want as part of your portfolio what you can afford and begin saving as soon as you can so that there is at least some buffer between the purchase price versus what your earnings are and I think it helps a lot if you can put forward a deposit it makes a big difference towards your payments monthly payments also makes a big difference towards your ability to absorb shocks we spoke earlier about interest rates interest rates may go up and having paid a deposit and having a lower installment helps to absorb the shocks as the economy changes I think one of the things that I am very grateful I was able to do was certainly save for some of the transfer fees because I think we often only think about the deposit because we are not aware that you still need to pay bond registration attorneys or your transferring attorneys and that could be a cost that could easily be 20, 30, 40,000 or more depending on of course the purchase price of the property that you're buying so that's certainly something to save up towards at times when your credit score is good and your new home time buyer you'll find that banks will extend 100% bond I know absolutely has that 105% bond for so I think bond aside you certainly want to make sure that you have the manifold transfer fees where possible because you also do want to bring down that cost especially for the primary residence because unfortunately you can't really claim back the interest that you pay in your primary residence from SARS whereas you're certainly able to do that when you structure your portfolio with your rental properties now we've got a comment here coming in from who says I'm in my late 30s and many moons ago I laughed when the financial advisor at a firm in the same building asked me at lunch one day what I was doing to secure my retirement it seemed galaxies away I'm just glad he persisted and convinced me to listen and that's of course one of the things Boman was highlighting that oftentimes we wait until too long to start that retirement conversation and planning for our retirement I know I'm slightly guilty of this gives me quite a lot of chest pains thinking about retirement planning and estate planning it can be quite overwhelming but Boman before we let you go this evening any chosen comments for some of our aspirational home owners or even aspirational property investors when it comes to why they should be choosing apps and advisory services well thank you for the opportunity that you've given EPSA and my opportunity for me to come through this evening I think as I said Zama it is very very very important that you choose carefully one of the key things as I said that you will get when you at least establish a relationship with us is we will walk with you the journey and often it requires that at the beginning there is a fair amount of financial literacy that you need to get to be able to establish your own desires goals and what you want to do and the advisory services will help you to that advisory services will also help you establish some sort of goal or plan that you can work with and within that your budget your desired budget okay over and above that we've got a full suite of savings investment risk estate planning we've got a whole suite of products including portfolio management and stock broken services that are all services that are available within the advisory services so depending what your investment objective is your horizon we are able to cater for all your needs and as a full service bank as a bank we you don't have to walk out of the branch to go and get needs those other needs service somewhere else we are able to meet all your needs in one goal essentially and we stay with you the journey that's the beauty as well of going through a bank because you also have a view of your banking products together with your non banking products that's one of the advantages essentially so we would like to invite some young people one of the biggest things that young people can do for themselves is to invest in their own financial literacy that investment will not go to waste and that's such an important point Bongani thank you so much for joining us this evening thank you for having me and that is Bongani who is the managing executive for non banking financial services after relationship with banking we're going to go for a quick break when you come back we're giving away that 5000 rand prize you do not want to miss that one remember of course people who entered this competition were the ones who entered the 100,000 rand prize so you don't need to enter this one but of course there is that 1000 rand competition that you can enter if you want to stand a chance to win it next week Friday we're going to go for a quick break and when we're back we're going to be announcing our winner what is a bank at a time like this in a world filled with uncertainties where lives are put on hold business paused and working together means staying apart at absent being a bank means staying connected it means being a part of your future providing relief at a time of need and doing this through effective secure online platforms it means staying in touch when everyone else seems distant being a bank means knowing that we've come from far and are yet to go further and that possibly this could be a time for a new beginning an opportunity to reflect and rebuild we are alongside you helping you to finance your dreams and grow your legacies we are in this together we are in this together we are in this together we are in this together once as Amazon once as Amazon that is African Nasty back to episode 52 of the private property podcast I'm your host every time I have to talk about wealth building, state planning or retirement I literally get chest pains I think I almost want to not adults too much but certainly as some of our viewers at home have shared it does make quite a bit difference when you start early and as our guest in Bangladesh you want to start as early as possible when I look at the model for the time value of money even if you're putting away let's say 10,000 riyals and you put away 10 years ago and you were maybe adding in x amount every month how much that could potentially compound to in the coming years so it is quite a daunting one but I know that many of you are probably like me we still need to do it planning for when you retire is such a crucial thing that we need to not negate but really do need to plan for but it is of course the time of the show where we give away that 5,000 rand prize we are ready to pick a winner and of course this is a prize that we are giving away for the next 10 episodes and we started a few days ago and we are announcing this winner there really just 3 rules the competition is open to people who entered that 100,000 rand competition and this also includes the estate agents as they are not employees of private property one winner is going to be joined just as we are about to do right now and is going to be announced right here on the private property podcast and lastly the winner is going to be contacted within 24 hours of winning it is important that we contact them to verify their details and certainly at home if we can't reach you in that 24 hours then the prize money rolls over and so we will end up potentially having more than 10 giveaways because we could reach somebody so you want to make sure that you stay close to your phone that you pick up the call when we give you that ring and I think on our side we are ready to pick that winner we are ready for that picker to start giving us good selection of who is going to potentially win we know of course over 46,000 names are or were included into this particular competition so it is really picking from over 46,000 names and you get to collaborate with that 5000 rand cash prize which I am sure is going to go such a long way especially right now I know that this is something that I would certainly want I don't even know what I would do with it but it would go quite a long way and we have got our winner and our winner is Gathe Ho Simon Dukula that is Gathe Ho Simon Dukula congratulations to you you walk away with that 5000 rand prize well folks that is it for us this evening congratulations to Gathe Ho thank you so much for tuning in at home of course always remember if you have any suggestions or topics that you want us to cover do send them down below be sure to bring in the right experts to help us better understand that particular issue that is it for me this evening we are back again tomorrow morning at 7 o'clock we are coming to you live from Facebook, Twitter and YouTube so different platforms that you can stream in and watch us until then I hope you are staying at home and staying safe Hi I am Brandon Rubin I am an entrepreneur from Durban the suburbs of Bria and Morning Sard are built on a natural ridge that overlooks the home of the sharks the Mozambique Stadium Durban Country Club it has got an incredible art look elevated over the city living in Morning Sard makes so much sense to us because everything is so central anything that we choose to do is a couple of kilometers away or a couple of 100 meters away restaurants, coffee shops it is all here on our doorstep you know we have got great schools here the girls schools just close by our Maristella and Durban Girls College and then fantastic boys schools Durban Preparatory, Haas School, DPHS one of the top primary schools in the country and then Clifton which now goes all the way to Haas School it is so convenient to be in this area where everything is close by some of our closest friends stay just across the Ungani River from Durban North Durban North is very family orientated with some great schools some excellent restaurants and some small commercial centres the promenade along Durban's beachfront also known as the Golden Mile got an incredible facelift for the 2010 World Cup and today is used by all of Durban's population we as a family love the Durban beachfront if we are not on the water we will find us on our bicycles along the promenade being a World Cattle Board Champion we travel to some of the most amazing beaches around the world but nothing comes close to what we have here in Durban Durban has great weather and great conditions all your life for surfing and for training and just being in the ocean and that's why it's known as the warmest place to be we've lived here our whole lives and there's no place we'd rather be and this is our neighbourhood Hi, I'm Clifton Smithers I live in Belito where my partners and I run a business called Union 3 as a family we chose to move here about 6 years ago what attracted us to the area was the safe and relaxed lifestyle of the North Coast we surrounded by so much natural beauty and we love that it's so casual it's just not as intense as a busy city in fact that's one of the main reasons there's so many people moving into the area there's some amazing lifestyle estates out there we've got some Bali Brettonwood Estate and Zimbiti to name a few the Belito lifestyle centre caters to everyone's needs there's also some smaller commercial centres like Tiffany's in Salt Rock there's some excellent restaurants to choose from and there's a really wide variety of activities on offer from mountain biking out on the trails to surfing at any one of the beaches there really is something for everyone this quiet little town really comes alive over the weekend the live concerts and the farmers market at the meet your true is very popular with the new international airport just 15 minutes down the road the alleged lifestyle that this place offers it's no wonder that the north coast is the fastest growing town in South Africa my family and I absolutely love it and this is how I'm living what is a bank at a time like this in a world filled with uncertainties where lives are put on hold business paused and working together means staying apart at Epsa being a bank means staying connected it means being a part of your future your relief at a time of need and doing this through effective secure online platforms it means staying in touch when everyone else seems distant being a bank means knowing that we've come from far and are yet to go further said we are good there for te sisaya go dead and that possibly this could be a time for a new beginning an opportunity to reflect and rebuild we are alongside you helping you to finance your dreams and grow your legacies we are in this together regal fail sisau ok once as our mosa that is african necessity as you're renting in a property where it is run by a body corporate understanding the basic calculation income minus expenses and you want to be left with a positive income it is a very tough game not easy at all we are ahead of knowing exactly what your clients need what their teething issues are have a joint need and inspection that a lot of people that are coming intersectional time home owners association are just like you described not only first time home owners but first time owners and residents in the community schemes they get to see the perspective from the other side of their eye and I think that's a really important thing to do they estimated to be translating at at least 9 billion rand so it's a huge market in order to get there you need to be able to build up a track record your cash flow model needs to be sharp a quote comes to mind the best time to buy a property was about 10 years ago the next best time is now your next home this is the perfect room if you're looking to expand the family it's perfect is a kids room or a playroom did you say playroom I've been very bad let me give you a moment I'm gonna feed the you go feed the