http://www.engineeringnews.co.za
  SEARCH
Login
R/€ = 13.06Change: -0.14
R/$ = 11.66Change: -0.12
Au 1213.36 $/ozChange: -4.14
Pt 1189.50 $/ozChange: -1.00
 
 
Note: Search is limited to the most recent 250 articles. Set date range to access earlier articles.
Where? With... When?








Start
 
End
 
 
And must exclude these words...
Close Main Search
Close Main Login
My Profile News Alerts Newsletters Logout Close Main Profile
 
Agriculture   Automotive   Chemicals   Competition Policy   Construction   Defence   Economy   Electricity   Energy   Environment   ICT   Metals   Mining   Science and Technology   Services   Trade   Transport & Logistics   Water  
What's On Press Office Tenders Suppliers Directory Research Jobs Announcements Letters Contact Us
 
 
 
RSS Feed
Article   Comments   Other News   Research   Magazine  
 
 
Oct 03, 2012

12m people still require adequate housing in SA – PIC’s Masilela

Back
Johannesburg|Africa|Education|FinMark Trust|Housing|International Housing Solutions|Projects|Public Investment Corporation|Systems|Water|Africa|South Africa|Basic Infrastructure Services|Building|Finance|Services|Solutions|Systems|University Of Cape Town|Elias Masilela|François Viruly|Infrastructure|Kecia Rust|Water|Sub-Saharan Africa
|Africa|Education|Housing|Projects|Systems|Water|Africa||Building|Services|Solutions|Systems|University Of Cape Town|Infrastructure|Water|
johannesburg|africa-company|education-company|finmark-trust|housing|international-housing-solutions|projects|public-investment-corporation|systems-company|water-company|africa|south-africa|basic-infrastructure-services|building|finance|services|solutions|systems|university-of-cape-town|elias-masilela|franois-viruly|infrastructure|kecia-rust|water|subsaharan-africa
© Reuse this



Despite efforts by South Africa’s government to supply adequate housing for its citizens, a backlog of between 2.1-million and 2.5-million subsidised houses remained, Public Investment Corporation (PIC) CEO Elias Masilela said on Wednesday.

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 (150 word limit)
 
 
 
 
 
 
 
 
Other Property Developments News
Property management company Citiq has officially opened its Umhlanga Junction Extension, a 75-bed student apartment block, in Brixton, built entirely from shipping containers. Situated in Caroline Street, the striking building was erected within two months. “We...
Construction and engineering group Aveng has been faced with weak markets almost everywhere it turned, says CEO Kobus Verster. Continued softness in the local construction sector has made it particularly difficult for the still-struggling Grinaker-LTA to regain its...
Construction and engineering company Group Five plans to shed 250 jobs in its civil engineering division this financial year, says CEO Eric Vemer. The restructuring will come at a retrenchment cost of more than R25-million.
More
 
 
Latest News
Salani Sithole
International consulting engineering company Royal HaskoningDHV (RHDHV) has appointed Salani Sithole as South African MD, effective March 1. Sithole has been with the company for six years and, prior to joining RHDHV, held various positions in engineering consulting,...
The Gauteng Provincial Government has outlined plans to develop a handful of “mega” human settlements as part of an ambitious long-term housing development strategy aimed at narrowing the housing backlog, with plans afoot to replace informal settlements with...
Eskom power stations
While State-owned power utility Eskom was unable to cut off electricity supply to some of its neighbouring trade partners, it was able to reduce energy exports by 10% when load shedding was implemented locally. The Department of Public Enterprise explained that Eskom...
More
 
 
Recent Research Reports
Construction 2015: A review of South Africa’s construction sector (PDF Report)
Creamer Media’s Construction 2015 Report examines South Africa’s construction industry over the past 12 months. The report provides insight into the business environment; the key participants in the sector; local construction demand; geographic diversification;...
Liquid Fuels 2014 - A review of South Africa's Liquid Fuels sector (PDF Report)
Creamer Media’s Liquid Fuels 2014 Report examines these issues, focusing on the business environment, oil and gas exploration, the country’s feedstock supplies, the development of South Africa’s biofuels industry, fuel pricing, competition in the sector, the...
Water 2014: A review of South Africa's water sector (PDF Report)
Creamer Media’s Water 2014 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.
Defence 2014: A review of South Africa's defence industry (PDF Report)
Creamer Media’s Defence 2014 report examines South Africa’s defence industry, with particular focus on the key participants in the sector, the innovations that have come out of the sector, local and export demand, South Africa’s controversial multibillion-rand...
Road and Rail 2014: A review of South Africa's road and rail infrastructure (PDF report)
Creamer Media’s Road and Rail 2014 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 road...
Real Economy Year Book 2014 (PDF Report)
This edition drills down into the performance and outlook for a variety of sectors, including automotive, construction, electricity, transport, steel, water, coal, gold, iron-ore and platinum.
 
 
 
 
 
This Week's Magazine
National flag carrier South African Airways (SAA) is in an advanced stage of renegotiating its deal with European airliner manufacturer Airbus to acquire A320 single-aisle (or narrow body) aircraft. The aim is to replace ten of the aircraft still on order with five...
Worldwide, the main thrust in the ports industry over the past decade or more has been to increase efficiency. Traditionally, ports have been run by engineers and mariners and, in the past, increasing a port’s capacity was achieved by expanding the harbour. “That has...
What do you do when an elephant has a toothache? You call Dr Gerhard Steenkamp from the University of Pretoria’s (UP’s) faculty of veterinary science, Onderstepoort, one of only two elephant ‘dentists’ in the world.
The 2015 Sanlam/Business Partners Entrepreneur of the Year (EOY) competition was launched earlier this month in Johannesburg, with the main focus on creating and inspiring entrepreneurs to create jobs and boost the economy.
In a recent letter to the editor that I sent to Engineering News (Concerns regarding South African portion of Square Kilometre Array) and in a follow-up article elaborating further (We must start preparations to build our own synchrotron light source), I stated my...
 
 
 
 
 
 
 
 
 
Alert Close
Embed Code Close
content
Research Reports Close
Research Reports are a product of the
Research Channel Africa. Reports can be bought individually or you can gain full access to all reports as part of a Research Channel Africa subscription.
Find Out More Buy Report
 
 
Close
Engineering News
Completely Re-Engineered
Experience it now. Click here
*website to launch in a few weeks
Subscribe Now for $96 Close
Subscribe Now for $96