ShapeShifter

Meet Herschel Jawitz of Jawitz Properties (founded on this day in 1969)

The underlying trust… is what underpins the success of family-run businesses.

Herschel Jawitz, Jawitz Properties

No property conversation would be complete without looking at the Western Cape and Cape Town. There’s just a different level of confidence about the Western Cape and the long-term sustainability of that market.

Herschel Jawitz, Jawitz Properties

If you’re looking for good capital growth year after year the Cape Town market is one of those could’ve, would’ve, should’ve, didn’t. And it’s proven itself to be that over many, many years.

Herschel Jawitz, Jawitz Properties

On 3 May 1969 Eskel Jawitz – a medical rep at the time - opened the first Jawitz Properties branch.

Eskel Jawitz’s inspired career change was motivated by, upon shopping for his first home, the terrible service he received from estate agents.

Today Jawitz Properties has 61 offices around South Africa.

It also has offices in Mauritius.

Eskel Jawitz still plays an integral role in the business.

His son, Herschel, is the CEO.

Ray White (in for Bruce Whitfield on The Money Show) interviewed Herschel Jawitz for the weekly “ShapeShifter” feature.

Listen to the interview in the audio below (and/or scroll down for more quotes from it).

I remember my father coming home very late at night.

Herschel Jawitz, Jawitz Properties

It’s myself and my father, and one non-family shareholder.

Herschel Jawitz, Jawitz Properties

It [a family-run business] is fraught with danger.

Herschel Jawitz, Jawitz Properties

Everyone expected a gradual contraction; then the residential market fell off a cliff. It was a perfect storm that required pretty radical consolidation.

Herschel Jawitz, Jawitz Properties

We called in a family business specialist to give us an independent, unemotional view.

Herschel Jawitz, Jawitz Properties

Your northern suburbs [in Johannesburg] are evergreen.

Herschel Jawitz, Jawitz Properties

Get into the market; especially now while it’s a buyers’ market.

Herschel Jawitz, Jawitz Properties

There is a genuine shortage of first-time buyer, entry level properties.

Herschel Jawitz, Jawitz Properties

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Article brought to us by Old Mutual.

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