Courageous: CEO of Inkunzi Kameel Keshav has overcome severe physical challenges to make inroads in a niche market. Picture: SUPPLIED
Kameel Keshav, a former CFO of Rebosis Property Fund, and Rali Mampeule, the CEO of Phadima Group Holdings, unveiled The South African Housing and Infrastructure Fund , which already owns land worth R1.7bn. Sahif plans to acquire vacant and unused land near towns and cities, prepare it for development, then sell it to the government.
Keshav said the government"has a large budget for housing development. A lot of the budget is returned each year. We saw this niche where we could provide land to the government and help to speed up the housing roll-out process so that government can meet its housing targets.” “While we have made great progress in providing housing, many South Africans still need land to build homes and earn livelihoods. In the next five years, we will accelerate the provision of well-located housing and land to poor South Africans,” said Ramaphosa.
This smacks of corruption, collusion and a 'smoke and mirrors' business being created to steal more money from the GovT and the poor of this country. How do ppl not see this!!
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Launch of land fund a boost for affordable housingProject aims to assist the state in building houses for poor and middle-class people A big no! A government must build a new state owned company that will only focus on construction. Government must stop renting offices for departments, police stations... Government must build new developments, offices for affordable rental and also sell at an affordable price.
Source: BDliveSA - 🏆 12. / 63 Read more »
Launch of land fund a boost for affordable housingProject aims to assist the state in building houses for poor and middle-class people A big no! A government must build a new state owned company that will only focus on construction. Government must stop renting offices for departments, police stations... Government must build new developments, offices for affordable rental and also sell at an affordable price.
Source: BDliveSA - 🏆 12. / 63 Read more »