Humorous, but also a lesson to be learnt:
Blonde walks into Absa in Johannesburg and asks for the loans dept. She says she’s going to Europe on business for three weeks and needs to borrow R10, 000. The bank officer says the bank will need some kind of security for the loan, so the blonde hands over the keys to a new Rolls Royce. The car is parked on the street in front of the bank, she has the papers and everything checked out.
Absa agrees to accept the car as collateral for the loan. The bank manager and its staff all enjoy a good laugh at the blonde for using a R5, 000,000 Rolls as collateral against a R10, 000 loan.
An employee of the bank then proceeds to drive the Rolls into the bank’s underground garage and parks it there.
Two weeks later, the blonde returns, repays the R10, 000 and the interest, which comes to R141.66
The bank manager says, “Miss, we are very happy to have had your business, and this transaction has worked out very nicely, but we are a little puzzled.
While you were away, we checked you out and found that you are a multimillionaire.
What puzzles us is, why would you bother to borrow R10, 000?”
The blond replies … ‘Where else in Johannesburg can I park my car for two weeks for only R141.66 and expect it to be there when I return?’
Finally, a gifted blonde!!!!




I learnt a lot from u Mr Mackay,now i saw a plot and want to buy it.what should i look 4 b4 buying it?im earning R13 000,the plot is 750000.
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Hi Tsotso.
Please do your homework!
Have you got the cash flow to maintain a property that doesn’t produce income?
What are you going to do with the plot?
Remember – it’s not incoming producing until you build something on it.
NOTE: Your building costs are higher than buying ready built properties…
I personally wouldn’t buy land…
Have a great year Tsotso
Gordon
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Shoot, who would have tohguht that it was that easy?
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