Reviving the Construction Industry and Property Markets
While housing budgets are being “crowded out” by issues such as bailing out Eskom, SAA and the Post Office, and SA’s fiscal situation deteriorates, a government which becomes open to changing its policies, along with a welldeveloped, capable, welldiversified private sector ready to deliver goods and services, offers hope. “Our private sector’s already responding swiftly to putting in electricity solutions as fast as it’s allowed to. Government needs to accelerate this and enable the private sector to deliver other goods and services. Government’s role must be that of the regulator. The private sector needs to impress upon government what changes must take place and work with it to ensure that they happen,” said Loos. He added that densification was critical to address SA’s housing backlog, particularly as land became scarcer, which was already a challenge in the Western Cape.
South Africans spending less on transport might have more to spend on property. The inaugural Residential Investment & Development Conference was hosted by SmartXchange a division of Commerce Edge SA and was launched in response to the country’s massive housing shortage and high urbanisation rate, with the support of numerous event partners, including the Association of Residential Communities, Consulting Engineers SA, the Housing Development Agency, the National Association of Building Inspectors of SA, the National