Social housing a key driver of economic growth and job creation

2020-11-09T18:13:23+00:00November 9th, 2020|News|

In his 2020 Medium-Term Budget Policy Statement Minister Tito Mboweni stated that investment in social housing is a key driver of economic growth and job creation with total investment from this programme to be R20-billion over the next 10 years.

Image credit: City of Cape Town

Image credit: City of Cape Town

Central to government’s Economic Reconstruction and Recovery plan is the development of infrastructure through the newly created Infrastructure Fund which is starting to show results.

Included in the plan are subsidies of R2.2-billion that will support the Social Housing Programme aimed at poor, working South Africans. A further R6.7-billion has been contractually committed to this programme with the expected total investment from this programme to be R20-billion over the next 10 years.