Changing the real estate landscape to reflect the demographics of South Africa
In episode 39, we talk to Nigel Adriaanse, the first Chairman of Shanduka Black Umbrellas and now CEO of EDPF (Enterprise Development Property Fund).
EDPF is on a mission to change the South African landscape by helping more people of color get into property investing by teaching them about the property market and to raise their own capital through equity partners and bank funding.
In this interview Nigel shares his real estate journey with us and how he sort of "fell into real estate" 20 years ago and then quit his job in 2016 to start EDPF because he saw that most people of color in South Africa don't understand the language of finance and this was holding them back financially.
He started EDPF without any funding and has been able to connect with a whole host of organizations that are able to give support in kind.
EDPF's academy gets 1000 applications every year and can only accept 50 candidates.
There's a need and a demand for real estate knowledge in South Africa and one of the things we discuss in the podcast is how established investors can help newbie investors by sponsoring them to attend EDPF's academy.
