• SA cities need foreigners

    We need to protect our cities' cosmopolitan nature, says Mzwandile Jacks.

  • Am I a racist?

    Does hating government's arrogance, nepotism and greed make me a bigot, asks Anton Ressel.

  • Recipe for disaster

    Malema's flames of frustration are fuelling white extremism, says Leopold Scholtz.

Loading...
See More

Suze Orman buys Joburg home

Apr 01 2009 08:28 Elma Kloppers

Related Articles

FNB launches advice campaign

More expats buying houses in SA

 

Johannesburg - The American personal finance guru Suze Orman has acquired a "home with a view" on the slopes of Northcliff.

This deal, clinched by Sotheby's International Realty SA, comprises an exceptionally luxurious apartment in The Cliffs, where units sell for R5m to R9m. For Orman this is easily affordable, as she earns about $80 000 per appearance - although exactly how much she paid for her unit is unknown.

In a statement she declared that she was buying the unit in Northcliff for the same reason she has invested in property markets in the US: location. She also owns an apartment in San Francisco, a unit in Fort Lauderdale and two in New York.

Johannesburg has long been regarded as a poor relation to Cape Town with its Atlantic seaboard, the playground of the world's wealthiest.

But this is now changing, explains Sotheby's chairperson Lew Geffen. He says that Johannesburg is becoming more attractive to the international business community as a platform for the profitable South African and African markets.

"Cape Town has natural beauty and splendour, but that is where the money goes on vacation. Johannesburg, on the other hand, has the business infrastructure and the contacts, and is thus where money lives and works."

International business people wanting to establish businesses in Africa will find Johannesburg the place to begin

- Sake24.com

For more business news in Afrikaans, go to Sake24.com.

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Brought to you by BizNews

More from BizNews

We're talking about:

SMALL BUSINESS

Johannesburg has been selected to host the Global Entrepreneurship Congress in 2017. "[The congress] will ensure that small business development remains firmly on the national agenda and the radar screen of all stakeholders, the Small Business Development minister said.
 
 

Must see! The most luxurious dog house!

This dog house comes with a treadmill and hot tub, you have to see it!

 
 

Luxury living

WIN!
Ridiculous demands people with too much money make
8 of the priciest places to dock your yacht
Habits of the world’s richest people

Money Clinic

Money Clinic
Do you have a question about your finances? We'll get an expert opinion.
Click here...

Voting Booth

Government’s call for the private sector to add power to the grid is:

Previous results · Suggest a vote

Loading...