Hidden growth potential in PE and Durban

06-04-2005

While industrial stand values in Central Witwatersrand and the Cape Peninsula grew by an inflation-adjusted 2,5% and 6,7% during 2004, industrial stands in Port Elizabeth and Durban did not perform that well in real terms. In Port Elizabeth, stand prices declined by 4% and in Durban by 5,2%.

This implies that there is still little development activity in these cities. “But don’t miss the boat — it could leave any moment. An investment now in stands in Durban and Port Elizabeth could prove to be propitious,” says Rode economist Garth Johnson.