Oct 03, 2012
12m people still require adequate housing in SA – PIC’s MasilelaBack
Johannesburg|Education|FinMark Trust|International Housing Solutions|Public Investment Corporation|South Africa|Basic Infrastructure Services|Finance|Transport|Elias Masilela|François Viruly|Kecia Rust|Sub-Saharan Africa
© Reuse this
Speaking at the fourth yearly International Housing Solutions developer conference, in Johannesburg, he said that, while the government had built over three-million subsidised houses since 1994, 12-million people still required adequate housing.
A “massive” jump in demand, urbanisation and decades of degradation of the current housing infrastructure all contributed to the lag in building subsidised houses and made the backlog difficult to eradicate.
Currently, about 12.8% of South African households lived in Reconstruction and Development programme houses, while 13.5% of households had at least one person on the waiting list for subsidised housing.
FinMark Trust housing finance theme coordinator Kecia Rust said that about 60% of the South African population earned less than R3 000 a month and were eligible to apply for subsidised housing.
The Department of Human Settlements aimed to eliminate the backlog by 2030 and has committed R16-billion a year to fund housing projects. The PIC was refining it strategy on affordable housing and has already invested R2.6-billion in, besides others, low-cost housing projects and private equity for housing developments.
However, with an increasing rate of urbanisation, government required partnerships with and the involvement of businesses, individuals and institutions to ensure the delays in delivering adequate housing and related infrastructure were eradicated.
Masilela noted that, over the next 25 years, three-billion people globally would need access to housing and basic infrastructure services. This means that 35.1-million housing units, or 96 156 units a day, would need to be built to meet the demand. Sub-Saharan Africa would need to house about 300-million by 2030.
University of Cape Town Professor Francois Viruly added that, while South Africa’s population would most likely stabilise at about 50-million, urbanisation would remain a challenge. It was expected, for instance, that over the next 30 to 40 years, over 10-million people would migrate to Gauteng, creating a challenge in housing options.
Masilela pointed out that, without proper investment and planning into housing infrastructure, water, electricity and transport systems, South Africa’s development could be stunted and fall further behind other emerging countries. The country would also experience increased developments of squalor and informal settlements.
He also commented that housing infrastructure should be a “springboard” for access to education, employment opportunities, health services and affordable transport, while allowing citizens to contribute to the country’s development.
Edited by: Mariaan Webb© Reuse this Comment Guidelines
Other Construction News
Recent Research Reports
Defence 2013: A review of South Africa's defence industry (PDF Report)
Creamer Media’s 2013 Defence Report examines South Africa’s defence industry, with particular focus on the key players in the sector, the innovations that have come out of the defence sector, local and export demand, South Africa’s controversial...
Road and Rail 2013: A review of South Africa's road and rail infrastructure (PDF Report)
Creamer Media’s Road and Rail 2013 Report examines South Africa’s road and rail transport system, with particular focus on the size and state of the country’s road and rail network, the funding and maintenance of these respective networks, and the push to move...
Liquid Fuels 2013 (PDF Report)
Creamer Media’s 2013 Liquid Fuels report examines South Africa’s liquid fuels market, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing,...
Projects in Progress - Second Edition (PDF Report)
Creamer Media’s second Projects in Progress supplement considers some of the major project developments under way, including high-profile energy and transport projects, as well as a few of the lower-profile public and private developments. What remains apparent is...
Water 2013: A review of South Africa’s water sector (PDF Report)
Creamer Media’s Water 2013 report considers the aforementioned issues, not only in the South African context, but also in the African and global context, and examines the issues of water and sanitation, water quality and the demand for water, among others.
Canadian Mining Roundup for June 2013 (PDF Report)
The June 2013 roundup includes details of the development of TSX-V-listed Aldridge Minerals’ flagship Yenipazar polymetallic project, in Turkey; the Canadian Nuclear Safety Commission’s renewal of Cameco’s uranium mining licence pertaining to the Cigar Lake...
This Week's Magazine
Mitsubishi Motors South Africa (MMSA) has introduced a 4x2 derivative of its Pajero Sport sports-utility vehicle (SUV), which will give it access to a substantial slice of the full-size SUV market, where it will compete with the likes of the Ford Everest, Chevrolet...
South African Energy Minister Ben Martins has affirmed that the government wants the country to be globally competitive in the nuclear sector. "Our responsibility has always been ... to ensure that, in nuclear energy, South Africa can compete with the rest of the...
Mercedes-Benz South Africa (MBSA) president and CEO Dr Martin Zimmermann describes the new S-Class as “a special place to be”, with the car creating a sense of “wellness” once you are seated inside the German brand’s flagship model. It is difficult to argue...
Water scarcity and water-quality issues are broadly recognised and understood in most political, business and civil organisations in South Africa, but solving water issues will require wide and continuous action in catchments and municipalities by organisations and...
Work is well under way on the R212-million Imvutshane dam, 30 km north-west of Stanger, in KwaZulu-Natal, which is a key link in supplying people in rural Maphumulo with a reliable source of safe drinking water.