BHC uphill task to plug housing deficit
Tuesday, December 05, 2017
Rapid urbanisation coupled with limited supply of serviced land has resulted in a backlog as housing supply, both for rental and purchase, does not commensurate demand.
During the half-year period ended September 30, 2017, BHC chief executive officer, Reginald Motswaiso said the corporation delivered 600 houses under the Self Help Housing Agency (SHHA) scheme and 313 houses under Public Officers Housing Initiative (POHI).
While the political shift brings hope for change, it also places immense pressure on the new administration to deliver on its election promises in the face of serious economic challenges.On another level, newly appointed Finance Minister Ndaba Gaolathe’s grim assessment of the country’s finances adds urgency to the moment. The budget deficit, expected to be P8.7 billion, is now anticipated to be even higher due to underperforming diamond...