December 2010
President Jacob Zuma's hotline pays dividends as 235 government officials are found guilty of misconduct. The Special Investigations Unit recovered R100 million from fraudulent activities. Minister Tokyo Sexwale is holding Housing MECs accountable to deliver housing targets and use the R16bn housing budget wisely. South Africa is attracting Development Financial Institutions who are interested in funding projects over R100 million.
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Money for housing "South Africa is attracting support from a range of international Development Finance Institutions interested in funding projects over R100 million," says Soula Proxenos, Managing Partner, of International Housing Solutions' R1,9bn fund. Zuma's Anti-Corruption Hotline President Jacob Zuma's National Anti-Corruption Hotline pays dividends as 235 government officials are found guilty of misconduct. Over R100 million has been recovered by the Special Investigations Unit, which probed several government departments, municipalities and agencies. MECs accountable Minister Tokyo Sexwale is holding Housing MECs accountable to deliver housing targets and use the R16bn housing budget wisely. This follows Sexwale's delivery agreement with President Jacob Zuma, earlier this year. The Minister of Human Settlements told media at the Polokwane signing: "We are a team - if I fall, they fall with me. If I rise, they rise with me as well." R100m Pretoria North project Nedbank funds R100 million Gallaway Manor, a new urban designer lifestyle development in Pretoria North. Manie Annandale of Nedbank Corporate Property Finance: Affordable Housing Development Unit, announced Nedbank has provided R34 million for the installation of services and infrastructure for 428 sectional title units. Golding takes the Gap The renowned elitist estate agency, Pam Golding Property Group, has set its sights on servicing the under R500 000 Gap market housing sector.
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