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The National Human Settlements Indaba in October 2014 has failed to produce any significant housing opportunities and government will not reach the target of 1,5 Million housing opportunities by 2019. What are the major problems we need to overcome in order to develop one million housing opportunities, create integrated housing schemes, jobs, entrepreneurs and black economic empowerment by 2019.
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Business as usual for property, despite sluggish economy and credit downgrades. While disappointed at the news of the credit downgrades by Standard & Poor and Fitch ratings agencies, it is by no means all doom and gloom for the property market.
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The current economic malaise can be turned around provided that there is a mind shift regarding the role of South Africa’s cities and towns and the correct policies put into place to enable an economic recovery.
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In Cape Town we are so fortunate in that we have a wealth of natural assets, a diverse and warm people, and an economy that is attractive to investors. But we also struggle with a gap between privileged and vulnerable residents, traffic congestion, and a dire housing need.
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South African cities continue to reflect the history of apartheid spatial planning. Many people live very far from work opportunities, reliant on relatively expensive transport options to access their places of employment.
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Subcontractors carry out major and important portions of building and construction work – but are far too often last in the queue when it comes to recognition and legitimate treatment.
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The coatings and construction sectors are experiencing a time of unbelievable turmoil in South Africa. Our government has adopted the policy of rewarding and promoting individuals who are not fulfilling their mandates and removing the few competent members of our cabinet – all in the name of efficiency and improvement. Meanwhile, our country, with erstwhile exemplary fiscal record, has been downgraded to junk status.
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Social housing represents a critical strategic response to the housing backlog in SA. In addition to expanding the range of rental housing options to lower income households, it is also meant to assist with restructuring cities, reducing spatial inequalities by providing rentals significantly below market levels.
