Listed Property performance with Kundayi Munzara


Listed property still represented good value for property investors wanting a relatively secure income stream.

Addressing the South African Council of Shopping Centres (Sacsc) conference held recently in Durban, Director at Sesfikile Capital, Kundayi Munzara says the listed property sector shone from August 2005 to August 2015 and was the top performing sector consistently.

Much of this was thanks to the strong performances of shopping centres across the country.

Mr Munzara says August to August each year, listed property has managed returns of around 20% each year for ten years. 

If you invested R100 000 at the end of August 2005, that number would be R600 000 at the end of August 2015,’ he says.

“If you invested in listed property over the past decade, then you can sit with a smirk on your face. Your financial manager made a good decision to get into the sector,” he says.

This year to date, listed property has been a very strong performer, again outdoing equities. However, with SA’s economic growth prospects in a very sorry state, its stellar run will probably lose lots of gas at the end of this year and into next year.

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