We do a telephone survey of every golf course in the world every year. This survey repeated each year gives price trends and development trends. Each course is precisely located in our computer mapping system. This database is summarised for the continent to provide an elegant overview of the market.

Table of Contents

Executive Summary

The Course
3

Number of Courses by State
4

Golf Facilities by State
4

Mapping Location of All South Africa Courses
5

Population per 18 Holes
6

Mapping Golf Supply by State
7

Size of Facilities by State
9

Green Fees
10

Pricing by state
13

Mapping Green Fees
13

Premiums for Weekend Play
15

Membership Pricing
18

Median Joining Fees by State
18

Mapping Joining Fees
20

Average Annual Subscriptions by State
20

Mapping Annual Subscriptions
23

Golfer Participation
24

Overview
24

Courses Sold in 2001 � Listing the 26 Sales and Prices
24

Courses Currently For Sale with Asking Prices
26

How much is a Golf Course Worth?
27

Municipal Management � The Trend to Private Sector Leasing
24

Average Membership Levels
24

Mapping Membership Sizes
26

Female Members
27

Junior Members
29

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