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A/Professor François Viruly University of Cape Town
THE INTERNATIONAL PERSPECTIVE
Total Return of 10.0% for 2018
407BN
384BN
Source: MSCI
Historical SAPY Distribution Growth
Source: Anchor Stockbrokers
Global Economic Growth is Slowing
The performance in Africa will be influenced by commodity prices – IMF Forecasts
Real Economic Growth
-10
-8
-6
-4
-2
0
2
4
6
8
2005 2007 2009 2011 2013 2015 2017 2019
y-o-y % change
US UK Eurozone Japan
Slowdown in the Global Economy
Headline InflationSources: Ber
-3
-2
-1
0
1
2
3
4
5
6
7
2005 2007 2009 2011 2013 2015 2017 2019
y-o-y % change
US UK Eurozone Japan
Policy Interest Rates
-1
0
1
2
3
4
5
6
7
2005 2007 2009 2011 2013 2015 2017 2019
%
US Eurozone Japan
Sources: Fed, ECB, Boj
Office Yields at Record Lows
Global Property Yield and Bond Rate Spreads
Vacancy at Record Low
PGIM
European Office Market Vacancy and Rental Growth
Global Real Estate Income and Capital Returns
Global Cross Border Investments
PGIM
Destination of Cross-Regional Capital Flows by Buyer Origins FY 2018
Real Estate Prospects Europe
Business and Real Estate Prospects
Retail Market Analysis
PGIM
Demands in Fuel
Urban Land Institute Emerging Trends (2020)
www.ureru.uct.ac.za
Siyabonga
Kea leboha
Thank You
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