Patrick Collinson

Patrick Collinson

Patrick Collinson

 

Africa: The next big thing

Patrick Collinson

Booming stock markets, bustling city centres, huge reserves of natural resources and soaring economic growth. Welcome to the new Africa. Last week one of Britain's leading asset managers, New Star, became the first to launch a fund that will invest solely in the countries of sub-Saharan Africa outside South Africa.

SA tops global house-price league

Patrick Collinson

Poland tops the house-price growth league in Europe, but the runaway global leader is South Africa, where average prices have almost tripled in five years. During the early post-apartheid days, British and German buyers picked up properties along Cape Town's Atlantic seaboard at bargain prices -- and are now sitting on a fortune.

SA tops global house-price league

Patrick Collinson

Poland tops the house-price growth league in Europe, but the runaway global leader is South Africa, where average prices have almost tripled in five years. During the early post-apartheid days, British and German buyers picked up properties along Cape Town's Atlantic seaboard at bargain prices -- and are now sitting on a fortune.

Looking back with regret

Five years ago, investors were told there was unlimited money to be made out of the dotcom revolution — and that was true, until the point where there were no longer more buyers than sellers. The market reached that point in March 2000 and, since then, the Nasdaq has lost 60% of its value and millions of small investors have suffered.