SONA addressed potential investors fears - Rudi Botha

Posted On Friday, 08 February 2019 14:14 Published by
Rate this item
(0 votes)

Rudi Botha, CEO of SA’s leading bond originator BetterBond, says the SONA was very wide ranging and covered a huge number of initiatives, but that there were definitely some highlights for the real estate market.

 RUDI-BOTHA

''Essentially, higher home ownership and the increased personal wealth that this brings is dependent on three things: investor confidence, economic growth and job creation, and the SONA made it clear that President Ramaphosa and his team have been working very hard to increase all three.

“They have openly addressed and taken action on things that make potential investors nervous, such as a previous lack of clear policy direction in mining and land ownership, rampant corruption and the near-collapse of State-Owned Enterprises like Eskom. They have also been very open to working with the private sector to accelerate the implementation of many new projects that will stimulate economic growth and job creation.

“And looking ahead, we are particularly pleased by the establishment of the new R100bn National Infrastructure Fund to leverage private investment into the revitalization of existing infrastructure and the development of new roads, railways, dams, harbours, hospitals and schools – as well as the provision of urgently needed student housing at tertiary institutions. Thousands of jobs will be created in the process.”

In addition, he says, the establishment of the new Human Settlements Development Bank has real potential to solve SA’s social housing shortage within a few years, especially if its plans are integrated with those to release large tracts of State-owned land in strategic urban locations for housing development, and to recapacitate local authorities and rebuild local infrastructures.

“We also applaud the high-level plan to reduce the level of economic concentration in SA so that small businesses can compete on a more equal basis and create millions more jobs in agriculture, tourism, the oceans economy and other entrepreneurial sectors.

 “Also exciting are all the measures being taken to ensure that SA will be positioned as a global competitor in a digital future, including the establishment of a special Presidential Commission on the Fourth Industrial Revolution. The aim is to ensure that young South Africans will not be left behind in fields like IoT, AI and robotics, and will have all the skills and qualifications necessary to thrive – and become the homeowners and property investors of the future.”

Last modified on Saturday, 09 February 2019 04:39

Most Popular

Exemplar REITail Acquires Katale Square Shopping Centre

Sep 23, 2019
 JASON MCCORMICK
Real estate investment trust, Exemplar REITail, has acquired Katale Square shopping…

Mall of Africa Celebrates Launch of New Generation Pick n Pay Store

Sep 23, 2019
 MOA PNP  1
Today Mall of Africa welcomed one of South Africa's biggest grocery retailers to the…

Grit Real Estate financial results for the year-ended 30 June 2019

Sep 30, 2019
 BRONWNY CORBETT
London Stock Exchange listed Grit, the only listed Africa-focused income distribution…

4AX listed Heartwood Properties reveals positive financial results

Sep 23, 2019
 JOHN WHALL
Commercial property development company, Heartwood Properties , has revealed a 30%…

Reserve Bank keeps repo rate unchanged

Sep 23, 2019
 LESETJA KGANYAGO
 South African Reserve Bank Governor Lesetja Kganyago on Thursday said this is in line…

Please publish modules in offcanvas position.