According to BizNews.com Founder and CEO of Val de Vie Estate, Martin Venter today officially announced that investment company, African Rainbow Capital (ARC) – recently founded by well-known businessman, Patrice Motsepe – has acquired a 20% stake in Val de Vie Investments. While ARC has made several investments thus far, this deal marks the firm’s first investment in the country’s residential property market.
ARC is jointly headed by Johan van der Merwe, former CEO of Sanlam Investments and Johan van Zyl, former CEO of Sanlam, and is a subsidiary of Sanlam’s empowerment partner, Ubuntu-Botho Investments (UBI). This deal will support future developments on and around the estate, such as the construction of a bridge over the Berg River that will connect with the R45 provincial road.
“We see immense value in Val de Vie and are pleased to be involved with this world-class development and its visionary team. Last year, I had the privilege of attending the Sentebale Royal Salute Polo Cup at Val de Vie where we watched Prince Harry take part in a game of polo for charity. I was truly impressed by what the estate had to offer,” Comments ARC Founder, Patrice Motsepe.
“This is one of Val de Vie Investments’ most impactful deals to date. The fact that ARC, led by individuals with incredible economic and business savvy, has invested in Val de Vie is a sure indication of the promise of growth that the estate holds – and, on a larger scale, of the positive aspects that South Africa has to offer. We are equally pleased to be supporting black economic empowerment through this business decision,” comments Martin Venter.
Situated in what many would term the country’s most sought-after region, in the Paarl-Franschhoek Valley, Val de Vie is forging ahead in the property market despite the country’s struggling economy. The estate remains an excellent investment, consistently producing impressive sales figures that speak for themselves. Developer stock to the value of more than R1bn has been sold in the past 18 months.
“This property development is one that we believe is leading the way in South Africa. Its strength is evident in its sales and growth, and we are confident that these factors point to an excellent return on investment,” comments Johan van der Merwe, co-CEO of ARC.
Although South Africa has seen many families and individuals emigrate, there are likewise high numbers of families and individuals moving to the Western Cape from other provinces – a trend that has casually been termed ‘semigration’. According to New World Wealth Analyst, Andrew Amoils, the Winelands region including Paarl, Franschhoek and Stellenbosch is the fastest growing area in the country amongst US dollar millionaires.
The Western Cape boasts a plethora of outdoor activities, some of the world’s most beautiful beaches and top restaurants, incomparable scenery and cultural festivals, and is furthermore home to excellent government and private schools as well as internationally recognised universities. It is therefore not surprising that families are moving to the region for an improved lifestyle and better prospects for their children.
Val de Vie’s sales team confirms that approximately 75% of its buyers come from Gauteng and KwaZulu-Natal and have also experienced increasing interest from residents of the Eastern Cape, Bloemfontein and Rustenburg, as well as from other parts of the world. During the three weeks that followed the Brussels bombings in March 2016, Val de Vie received approximately 15 serious enquiries from Belgians wanting to leave the country permanently and move to the estate.
“Val de Vie is a popular choice amongst families from all corners of the country and the globe. Home to the ‘Safest House in Africa’, Val de Vie has something unique to offer in terms of security, lifestyle and location,” Venter adds.