January 2012
Housing in Southern Africa's January issue features, the trials and tribulations of the National Home Builders Registration Council's CEO, Sipho Mashinini, who was suspended last July and faces corruption charges and a disciplinary hearing. Government's development financial institution, the National Housing Finance Corporation, has improved its balance sheet and funded 5 757 houses in the last financial year. The South African Property Owners Association is fighting City Hall and has challenged the City of Joburg's new town planning scheme claiming it is unworkable.
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The NHBRC saga continues.... In a bizarre twist, the President's Special Investigations Unit has been barred from the National Home Builders Registration Council's premises, and the Council has taken the Minister of Human Settlements to court to stop the investigation of NHBRC CEO, Sipho Mashinini. NHFC funds 5 757 units Government's development finance institution, the National Housing Finance Corporation has funded 5 757 low-to-middle income housing units during 2011. Construction projects Cement and Concrete Institute domestic cement sales grew by 9,1%, year-on-year, in November. The November figures are the highest since October 2008, when sales peaked at 1 295 083 tons.
A number of new construction projects were announced including 1 000 low cost houses at Warrenton in the Northern Cape. Construction is due to commence on a new R122 million development in Boksburg, Gauteng. The project will provide 304 two bedroom apartments and parking on the 15 300m² site. Thumbs down for Joburg's city planning The City of Johannesburg's new town planning scheme is unworkable and will have a negative effect on the property industry, says Neil Gopal, CEO, of the South African Property Owners Association. The Association says that the City of Johannesburg has ignored virtually all input from South Africa's property professionals.
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