US fund's R1.3bn housing boost
USA-based International Housing Solutions has raised some US$175-million - expected to further rise to $240-million - in capital for its newly launched South Africa Workforce Housing Fund, which will invest in rental and for-sale housing for low and moderate-income families.
Township renewal project extended
The time-frame for the Alexandra Renewal Project, a programme to develop one of Johannesburg's oldest townships, has been extended to 2010.
Govt approves AgriBEE charter
The Department of Trade and Industry has approved the application for the AgriBEE sector transformation charter, which is aimed at ensuring greater participation by black people in the country's agricultural sector, both in farming activity and in enterprises along the entire value chain.
More with houses, running water
The proportion of South African households living in informal dwellings has decreased to 14.4%, says Statistics Sa, while 74.4% of households now have access to piped water.
Social grants making an impact
While income equality remains high in South Africa, the latest figures from Statistics SA show that black households' share of consumption expenditure has risen, and that the government's social security programmes are having a "significant impact" on inequality in the country.
Social grant spending increased
South Africa is to spend R75-billion on social assistance in 2008/09, with more than 12-million citizens to benefit from increases in disability, old age and child support grants, accompanied by a lowering of the pension qualification age for men and a raising of the grant qualification age for children.
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