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RE/MAX of Southern Africa, which was founded in 1994, is regarded as the pioneer of the RE/MAX international expansion as it was the first country franchise to be sold outside of North America. Locally, RE/MAX has over 2 800 agents operating from over 160 offices in 6 countries in Southern Africa. In order to position the company for continued growth in all markets in the next 20 years, Z Capital Properties (Pty) Ltd, a prominent black empowerment company, has purchased a 45% ownership interest in RE/MAX of Southern Africa.