CONSENT OF THE INDEPENDENT ACCOUNTANTS


         As independent  accountants,  we hereby consent to the incorporation of
our  report,  included in the Annual  Report on Form 10-K of First South  Africa
Corp., Ltd. ("the Company'),  into the Company's  previously filed  Registration
Statement on Form S-1 (No. 33-99180).





/s/ PRICE WATERHOUSE

PRICE WATERHOUSE
Sandton, South Africa
October 3, 1996