SUCCESSFUL entrepreneur

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.