Housing in Southern Africa

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October 2015
ED’S NOTES
AVERAGE CIRCULATION
(FIRST QUARTER 2015)
3768
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H OUSI NG
in Southern Africa
EDITOR
Carol Dalglish
ADVERTISING
Brenda Grossmann
DIRECTOR
Jenny Warwick
PUBLISHER
Karen Grant
DESIGN
Colin Mazibuko
CIRCULATION
Karen Smith
Govan Mbeki Awards 2014 - Best Media - Housing in Southern Africa
Carol Dalglish • Editor
This bodes well for residential
developers, builders, contrac-
tors and supply chain manu-
facturers across this massive market
segment. The reshuffling of govern-
ment Development Finance Institu-
tions and a new Housing Finance
Corporation being established, will
galvanise development and delivery.
With all the sector key stakehold-
ers keen to get going after the abys-
mal dip in housing delivery, it is all
systems go with Sisulu at the helm.
D i rec to r Gene ra l , Thabane
Zulu as Acting CEO of the Housing
Development Agency (HDA) has been
tasked with overseeing the massive
roll out. The agency’s new expanded
mandate means a one-stop shop for
developers and contractors providing
services to the National Department
of Human Settlements. And, the
Minister has promised that her team
are willing and able to assist devel-
opers.
On that note, the South African
Affordable Residential Developers
Association is eager to deliver afford-
able housing and FLISP subsidy units
to assist Sisulu in achieving govern-
ment’s 1,5 million housing target by
2018. The association represents 80%
of housing developers inGauteng and
is gaining ground in other provinces.
Pierre Venter, Banking Association
of South Africa, took the opportunity
in his presentation at the National
Department of Human Settlements
Developers and Contractors Work-
shop to discuss the impact on the
sector since its heyday in 2010. Some
of the products that were supposed
to improve delivery never really took
off. This includes the Finance Linked
Individual Subsidy Programme aimed
at assisting low income earners to
qualify for home loans, or the Mort-
gage Default Insurance scheme that
would assist banks to provide loans
in this niche sector and government’s
insurance scheme would pay out in
the event of defaults.
There is awilling and able banking
sector ready and poised to do what
they do best – lend funds and with
South Africans passionate about
owning their own homes, there will
be no shortage of applicants.
Most of the developers who at-
tended the Minister’s workshop
were at the 7th annual International
Housing Solutions Affordable Hous-
ing Conference. The event held at
the Johannesburg Country Club
had an impressive line-up of guest
speakerswho dealt with the trials and
tribulations facing the sector. Global
equity funder I H S partneredwith the
developers’ favourite banker, Manie
Annandale fromNedbank Affordable
Housing, who sponsored the event.
Mo t i va t i ona l s peake r Vu s i
Thembekwayo started off his presen-
tation saying, ‘What got you here….
won’t get you there’. His snippets
about companies who thought it
was business as usual bit the dust
and products that were once leaders
in technology failed to broaden their
horizons and find new ways to oper-
ate. On that notewe continue to listen
to your comments and suggestions.
Enjoy the read!
Catalytic Projects…. will catalyse
the housing sector
It has been an interesting and exciting month for the housing sector
with the Minister of Human Settlements, Lindiwe Sisulu announcing
that government has identified 77 Catalytic Projects that will roll out
1,2 million housing opportunities.