Joscho develops R200 million Dobsonville housing project creating more than 700 jobs
This article has been supplied as a media statement and is not written by Creamer Media. It may be available only for a limited time on this website.
Company Announcement - The Johannesburg Social Housing Company has begun work on a housing development valued at R200 million in Dobsonville, Extension 2, Soweto to be completed by June 2016. As part of its ongoing attempts to alleviate the housing shortage in the city, Joscho is building 502 rental housing units. The project is expected to deliver 152 one-bedroom units and 350 two-bedroom homes for the rental market and create more than 700 jobs during the construction phase.
The labour for construction will be drawn from the surrounding communities. In this way, residents of the area are involved in the development of their community and they also benefit financially and acquire additional skills.
“There is a critical gap in the housing market,” says Rory Gallocher, Joshco CEO. “There are a huge number of people living in Johannesburg who do not qualify for RDP housing at the lower end and also many who cannot afford a bond at the higher end. The provision of rental housing ensures that residents who do not qualify for government-subsidised or bonded houses are also catered for.” He continues, “It is Joshco’s mandate to increase low cost rental housing so that people who earn between R3 500 and R7 000 can have a roof over their heads and eventually move into bonded houses once their economic situation improves.” Joshco’s rental housing scheme is aimed at benefiting only South African citizens living in Johannesburg.
In addition to the provision of housing, the development in Dobsonville has a number of important benefits. Of the R200 million, about R52 million has been allocated for empowerment purposes. These funds will be channelled towards the creation of local suppliers, skills training and small and medium enterprise development.
Comments
Press Office
Announcements
What's On
Subscribe to improve your user experience...
Option 1 (equivalent of R125 a month):
Receive a weekly copy of Creamer Media's Engineering News & Mining Weekly magazine
(print copy for those in South Africa and e-magazine for those outside of South Africa)
Receive daily email newsletters
Access to full search results
Access archive of magazine back copies
Access to Projects in Progress
Access to ONE Research Report of your choice in PDF format
Option 2 (equivalent of R375 a month):
All benefits from Option 1
PLUS
Access to Creamer Media's Research Channel Africa for ALL Research Reports, in PDF format, on various industrial and mining sectors
including Electricity; Water; Energy Transition; Hydrogen; Roads, Rail and Ports; Coal; Gold; Platinum; Battery Metals; etc.
Already a subscriber?
Forgotten your password?
Receive weekly copy of Creamer Media's Engineering News & Mining Weekly magazine (print copy for those in South Africa and e-magazine for those outside of South Africa)
➕
Recieve daily email newsletters
➕
Access to full search results
➕
Access archive of magazine back copies
➕
Access to Projects in Progress
➕
Access to ONE Research Report of your choice in PDF format
RESEARCH CHANNEL AFRICA
R4500 (equivalent of R375 a month)
SUBSCRIBEAll benefits from Option 1
➕
Access to Creamer Media's Research Channel Africa for ALL Research Reports on various industrial and mining sectors, in PDF format, including on:
Electricity
➕
Water
➕
Energy Transition
➕
Hydrogen
➕
Roads, Rail and Ports
➕
Coal
➕
Gold
➕
Platinum
➕
Battery Metals
➕
etc.
Receive all benefits from Option 1 or Option 2 delivered to numerous people at your company
➕
Multiple User names and Passwords for simultaneous log-ins
➕
Intranet integration access to all in your organisation