Land grab fears spawn idea to solve housing crisis


Land grab fears spawn idea to solve housing crisis

As jittery landowners offload their assets, a new fund snaps them up in a bid to help the state's housing target

The private sector is putting its money where its mouth is with a new land fund meant to meet the government halfway in confronting the housing crisis.

Founders of the South African Housing and Infrastructure Fund (Sahif) say now it’s an opportune time to buy land because a lot of people are offloading their assets in fear of expropriation without compensation or land grabs. 

They are buying land, servicing it and selling it to the private sector, the government or individuals. The fund was unveiled on Tuesday evening in Rosebank, Johannesburg...

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