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LIFE & LEISURE REFINED MAGAZINE6Refined magazine is published quarterly by TCB Media, on behalf of Fine & Country South Africa. Opinions expressed in this publication are not necessarilythose of TCB Media, Fine & Country, or any of the subsidiaries of the aforementioned companies, their strategic partners or their clients. Information has been included in good faith by the publisher and is believed to be correct at the time of going to print. No responsibility can be accepted for errors and omissions. No material (articles or photographs) in this publication may be reproduced or transmitted, in whole or in part, in any form by any means electronic ormechanical, including a storage and retrieval system, photocopying or recording without prior written permission of the Publisher. Submissions of articles and photographs for publication are welcomed, but the Publisher, while exercising all reasonable care, cannot be held responsible for any loss or damage. %u00a9 2024. All copyrightfor material appearing in this magazine belongs to either TCB Media (Pty) Ltd, and/or Fine & Country South Africa (Pty) Ltd, and/ortheindividual contributors. All rights reserved.TO OURVALUED CLIENTS,Please scan to view all featured listings in the current Refined #2 2025John HerbstChief Executive Officer - Fine & Country South AfricaWelcome to this edition of Refined, our premium publication showcasing a wide selection of properties acrossSub-Saharan Africa.As winter settles over South Africa, the premium residential market shows quiet resilience. The recent 25 basis point interest rate cut has offered a welcome nudge in sentiment %u2014 a sign that conditions may slowly be improving, even if recovery is gradual.Demand for premium properties remains stable year-on-year. Semigration continues, particularly toward the Western Cape, but we%u2019re also seeing renewed confidence in core metros, with many high-net-worth sellers choosing to reinvest locally in lifestyleestates and secure suburbs.Economists forecast modest national growth, around 1.3% to 1.5%, with improved energy supply and a cooling inflationaryenvironment lending cautious optimism. International buyers remain selective; concerns over legislation such as land expropriation without compensation persist, but lifestyle-driven investors still see South Africa as offering value and long-term upside.In this climate, premium property continues to offer what it always has; sanctuary, quality, and enduring appeal, whatever the season.We expect this trend to prevail and remain optimistic that we will continue to seek out creative and imaginative strategies to realise the best property prices for our clients by providing intelligent, sophisticated, and premium solutions in an ever-evolving property landscape.Our national locations are open for business and welcoming successful progressive entrepreneurs to their fold. We have also experienced increased enquiries for Fine & Country licensee locations a trend echoed by our Head of International Growth as key locations are signed and we continue to expand the brand%u2019s global footprint to well over 300 locations.I hope you enjoy browsing ourlatest edition ofRefined, and should you be in need of assistance with finding or selling your propertyin South Africa, our network or professional property practitioners are eager to assist.