MasterBuild Africa

SOUTH AFRICA: 1.5million houses to be constructed in the next 5 years

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At the beginning of the year, The Department of Human Settlements was allocated US$2.60bn to boost the state of housing in the country. About 1.5 million houses are to be constructed in the next 5 years. Lindiwe Sisulu- Head of the Department, announced that this project will help improve the relationship between the government and the private sector and possibly create funders for the housing project. The amount will be increased to US$3.03bn within the next two years.

The new houses will be allocated as follows:

 -30% for indigent citizens,

-20% for rental purposes

-20% for individuals earning between US$133.5 and US$891.2 per month.

-10% for social housing, and

-20% for serviced sites for informal settlements.

If this target is met, the housing backlog in the country will be easily addressed. It will also help prevent violence and protests in such regions.

Sisulu also noted the government will give a major focus to the mega-projects involving 10,000 housing units. These housing construction projects will also create various jobs for youths in the region.

Source: HERE

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