Nedbank Corporate and Investment Banking (NCIB) and the Green Fund which is managed by the Development Bank of Southern Africa (DBSA) on behalf of the National Department of Environmental Affairs (DEA), concluded an agreement to jointly fund the development of approximately 400 affordable green housing units in the Western Cape and Gauteng Provinces.

Recent studies suggest that while the demand for affordable housing is on the rise, affordability remains a barrier for millions of South Africans in this segment, resulting in renting increasingly becoming a more feasible option than buying.

“If everyone got free WiFi with every tree they planted, we wouldn’t have the problem of climate change.”

Nedbank Corporate and Investment Banking and Rabie Property Group have joined forces to complete the Burgundy Estate residential development in Cape Town with the first two projects totalling 370 units at a cost of R400 million due to get underway.

The 19th annual Congress of the South African Council of Shopping Centres (SACSC), taking place in Durban this year, will feature illuminating insight, animated engagement and vigorous debate as shopping centres and retailers shine a light on the opportunities and challenges of the current market.

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