Housing in Southern Africa March 2015

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March 2015
ED’S NOTES
AVERAGE CIRCULATION
(THIRD QUARTER 2014)
3760
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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
READER ENQUIRIES
Radha Naidoo
SUBSCRIPTIONS
Wendy Charles
Govan Mbeki Awards 2014 - Best Media - Housing in Southern Africa
Carol Dalglish • Editor
FLISP, Affordable and BNG roll outs
Our March issue showcases the best of affordable housing, highlights
Gauteng's residential roll out for the next five years, and industry
stalwarts comment on transfer duty and foreignownership restrictions.
A ffordable housing specialist,
Cosmopolitan, has secured
the rights to develop 10 246
Finance Linked Individual Subsidy
Programunits for the residential mar-
ket at Savanna City, government’s
mega greenfields project in Midvaal.
Manie Annandale’s team at Ned-
bank Corporate Property Finance
Affordable Housing Development has
provided funding to the Shield Group
to develop Inkanyezi, an affordable
housing development at Tongaat
on KwaZulu- Natal’s sugar belt. The
project will provide 2 243 housing
opportunities on completion.
The residential sector has reacted
to President Jacob Zuma’s statement
in the State of the Nation Address
about restricting foreign ownership.
Industry giants, Chairmanof the Seeff
Group, Dr Samuel Seeff, puts the case
forward for foreign ownership and
Dr Andrew Golding from the Pam
Golding Property group tackles the
question of transfer duty and gives a
global perspective.
The City of Tshwane has partnered
with High Street Co to sell off 80 city-
owned properties during March. The
buildings and land that have been
put up for auction will help the city’s
cash flow and the land release will
certainly attract developers.
The Nelson Mandela Bay Metro-
politan Municipality has been called
on to account for R744 million unau-
thorised spending, which they have
asked be written off, without any
explanation.
Gauteng Premier, David Makhura
outlined the plans for the province
in his State of the Province Address.
We noted a number of new cities
on economic corridors and the roll
out of mass housing in the north,
south, east and west corners of the
province.’
Almost 140 000 housing units will
be built at the Lion Park in Diepsloot
East, Fleurhof, Cosmo City, Mali-
bongwe Ridge and Goud Rand. The
City of Johannesburg is planning to
revitalise Kliptown and Alexandra.
The latter is hugely over populated
and desperately in need of attention.
Public private partnerships that
will radically change the spatial
landscape includes: Masingita City,
Waterfall City, Modderfontein City,
Reitfontein and Steyn City. All of
thesemega projects will have amajor
socio-economic spin off and benefits
for employment opportunities and
investment.
In the next five years 100 000 hous-
ing units will be rolled out at Chief
Albert Luthuli, John Dube Extension
2, Tsakane Extension 22, Germiston
South, Leeuwpoort, Rietfontein and
Clayville Extension 45.
A further 160 000 houses in inHam-
manskraal, Winterveldt, Sterkwater,
Lady Selbourne, Soutpan Phase 1 to
7, Lotus Garden, Fortwest, Capital
Park, Vermeulen, Olievenhoutbosch,
Nelmaphuis, Zithobeni, Kirkney and
Danville. National government, mu-
nicipalities and the private sector will
revitalise the mining towns.
More than 160 000 housing units
will be built in Syferfontein, Chief
Mogale, Kagiso Extension 13, Le-
ratong, Westonaria Borwa, Thusang,
Waagterskop, Kokosi Extension 6 and
7, Droogeheuwel, Mohlakeng Exten-
sion 11, Khutsong South Extension 1,
2 and 3 and Vaarkenslaagte.
Over the next five years, more than
120 000 houses will be built in Sedi-
beng, Boiketlong; Golden Highway;
Evaton; Vereeniging, Savanna City,
Ratanda and the R 59 Corridor.
With so many housing opportuni-
ties rolling out in Gauteng, things are
looking up!
Happy reading!