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May 2015
News
L
eading theway in estate agency
transformation, Z Capital has
acquired a 45% stake in RE/
MAX of Southern Africa. Chairman,
Peter Gilmour briefed the Deputy
Minister of Human Settlements, Zou
Kota-Fredericks, on how this will as-
sist the sector.
Almost 60%of loans registered at the
Deeds Office are going to the lower in-
come and previously disadvantaged
individuals.
Around 30% of the RE/MAX mem-
bership in Southern Africa consists
of agents of colour, compared with
the current industry number of 5%,
reported by the Estate Agency Affairs
Board.
The Deputy Minister said, “We are
delighted to see the RE/MAX trans-
formation deal coming to fruition. It
is our desire to see more and more
transformation deals from the sector.
Certainly, this would add immense
value to our vision of cohesive and
integrated society and human settle-
ments we are striving to achieve.”
RE/MAX leads the way
T
his project will see the con-
struction of 288 homes and
forms the first phase of a larger
integrated housing project in Delft.
The Rosendaal human settlements
project will provide 2 407 subsidised
housing units.
The first phase will comprise of
two-bedroom, freestanding and
semi-detached single and double-
storey units.
“The first 288 beneficiaries have
been approved and are about to be
contacted so that we can start with
their title deed applications,’ said
Van Minnen.
The large-scale integrated proj-
ect has been split into four phases,
Roosendaal, the Hague (Phase 1),
Eindhoven, and the Hague (Phase
2). Construction on the last phase of
the Delft integrated project is due for
completion in the 2017/2018 financial
year. The 288 housing opportunities
have been allocated in accordance
with the National Government’s
subsidy criteria and the City’s Alloca-
tion Policy.
•
Beneficiaries from Delft: 217
houses
•
Beneficiaries from Delft with
disabilities: 14 houses
•
Beneficiaries from top 100 on the
City’sHousingDatabase: 57 houses
“Our integrated projects are not only
about building houses. The aim is to
build strong communities, with close
access to the major transport routes,
schools and public amenities and to
enable access to economic and other
opportunities. Integrated develop-
ments such as this one, are abso-
lutely key to creating a better future
for our more vulnerable residents,”
Ssaid Van Minnen.
■
Rosendaal housing project
The City of Cape Town’s Mayoral Committee Member for Human
Settlements, Benedicta van Minnen, recently turned the sod for the
City’s Rosendaal human settlements project, near Delft.
Gilmour said that the company will
open an in-house Training and Li-
cencing School for entrepreneurial
estate agents this year. “RE/MAX will
fully support the Estate Agency Affairs
Board’s ‘One Learner, One Office’ ini-
tiative and will use the Training and
Licencing School to facilitate this pro-
gramme.” There are currently 38 000
registered estate agents in South
Africa. A statement by Bryan Chaplog,
CEOof the Estate Agency Affairs Board
said, “The South African Property
Sector Research Report 2012 esti-
mated that the property market has
been valued at R5 trillion.”
■
From left to right: Michael Patel of the City’s Human
Settlements Directorate; Sabrina Gympies, Ward
Councillor; Charmaine Honey from the community;
and Benedicta van Minnen – Mayoral Committee
Member for Human Settlements.
Peter Gilmour, Zou
Kota-Fredericks and
Adrian Goslett.