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

The Port of Ngqura – Nurturing its green status

Mar 26, 2019
GREEN 1
Transnet National Ports Authority’s (TNPA) Port of Ngqura is the only port with a green…

Divercity’s Jewel City project brings six Joburg CBD blocks to life with strategic urban rejuvenation

Mar 26, 2019
DIVERCITY JWEL CITY 1
Construction of Divercity Urban Property Fund’s iconic Jewel City redevelopment is…

South African household sector increased by 5,9% year-on-year (y/y) to R1 653,3 billion up to the end of February 2019

Mar 30, 2019
Jacques Du Toit Absa Home Loans
The value of outstanding credit balances in the South African household sector increased…

SARB expected unchanged rate decision property neutral, but market likely to continue gradual real correction

Mar 26, 2019
FNB John Loos
In the week ahead, the South African Reserve Bank (SARB) Monetary Policy Committee (MPC)…

Kenya to face unexpected bill of KSh 200bn due to poorly planned and procured infrastructure projects

Mar 30, 2019
SIMON HERD
It is nearly universally accepted that good infrastructure has significant benefits for…

Please publish modules in offcanvas position.