SUC­CESS­FUL en­tre­pre­neur

Financial Mail - Investors Monthly - - Cover Story -

Na­dia, 57, has built up ex­ten­sive busi­ness in­ter­ests, mostly re­lated to real es­tate, hav­ing started out as an es­tate agent.

She has built up a port­fo­lio of com­mer­cial and res­i­den­tial prop­er­ties, in­clud­ing two small re­tail parks on the West Rand, a light in­dus­trial park in Ger­mis­ton and a block of flats in Or­ange Grove which has 10 units that she rents out.

Col­lec­tively, these pro­vide monthly cash flows of R500,000 net of ex­penses. She had the port­fo­lio val­ued re­cently and be­lieves the liq­ui­da­tion value to be R35m, af­ter cap­i­tal gains taxes.

She also owns out­right a road build­ing and main­te­nance firm that works on con­tracts from the City of Joburg. The firm gen­er­ates an af­ter-tax profit of R5m a year, though the in­crease in div­i­dend tax has left Na­dia con­fused as to how to struc­ture the pro­ceeds from the busi­ness.

She be­lieves the SA econ­omy is headed for a pro­longed re­ces­sion and is look­ing for a ser­vice provider that will help pro­tect her from any down­side.

She has been ex­ter­nal­is­ing her wealth over the past sev­eral years and now has a US$1m port­fo­lio man­aged by a pri­vate client bou­tique in Geneva.

She also has a R2m port­fo­lio of stock mar­ket in­vest­ments man­aged on a dis­cre­tionary ba­sis by her stock­bro­ker in SA and a re­tire­ment an­nu­ity worth R8m. She owns her house worth R5m and a small art port­fo­lio worth about R3m.

While she ex­pects to con­tinue liv­ing in SA, she will spend more time in New York and else­where in the US.

She sees noth­ing on the hori­zon that can turn around SA’s ail­ing econ­omy and thinks she has to get as much of her wealth as pos­si­ble out of the coun­try.

She is di­vorced and has two daugh­ters, both at univer­sity in SA, who will want to com­plete their de­grees and who are de­pen­dent on her.

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