• March 14 2021

    FNB increases its affordable housing lending to help first-time home buyers

    In a bid to help first-time home buyers own homes, financial services FNB has announced it has grown its lending book for affordable housing. The lending book was increased by 24% (R6.3 billion) year on year of the concluded mortgage deals in the income range of R3 501 to R22 000. Last year the lending […]

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  • October 23 2018

    KZN finance MEC turns to the court for protection from mafia-style business forums

    KwaZulu-Natal finance MEC Belinda Scott has obtained a protection order against two controversial Durban business forums whose members stormed her office and bullied provincial treasury employees‚ contractors and consultants. Scott – who was left “terrified and threatened” – had to resort to the courts on October 8 to protect treasury employees and contractors from members […]

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  • October 3 2018

    Making green affordable housing a reality

    Nedbank Corporate and Investment Banking (NCIB) today announced that is has made the first disbursement from an innovative R120 million Sustainable Affordable Housing finance facility that was put in place through the collaborative efforts of Nedbank’s Affordable Housing Development Finance division, and South Africa’s Green Fund. The first recipient of funding from this facility is […]

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  • June 24 2018

    Western Cape govt identifies 7 possible affordable housing sites

    At least seven vacant plots have been identified as “possible sites for social and affordable housing” in Cape Town’s southern suburbs – including Parkwood, Lotus River and Retreat. The announcement was made by Thando Mguli, head of the Western Cape Department of Human Settlements, GroundUp reported. He was speaking at a joint meeting with officials from the […]

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  • October 17 2016

    Cosmopolitan Projects Spends R1.3b on Infrastructure for Mega Housing Development

    Cosmopolitan Projects launched its next mega housing development, at Watervalspruit – situated south of Alberton next to the R59 – on 1 June 2016. This project will be completed in phases over the next 8 to 10 years and in total will cost approximately R10 billion. Established in 1992, Cosmopolitan Projects is South Africa’s market […]

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