While South Africa is officially in recession, there is one area of business that continues to have an increasing market, month by month and year by year.
Almost all housing that is not state-subsidised comes onto the market in the form of sectional title units or homes in complexes such as home owners’ associations. The vast majority of these ‘community schemes’ are managed by professional managing agents. Managing agency is the business to be in!
The barriers to entry into this type of business are very low and the potential rewards are very high. You can start with just one scheme and build a lean business that makes you a good income, perhaps with just a handful of accounts. Alternatively you can decide to build a large business, either incrementally or by taking over other operations.