Limpopo Business 2016-17 edition
The 2016/17 edition of Limpopo Business is the eighth issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide to the Limpopo province. Limpopo is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy. This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
The 2016/17 edition of Limpopo Business is the eighth issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide to the Limpopo province.
Limpopo is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy.
This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
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PROFILE<br />
and Title Deed, to purchase or build residential<br />
properties.<br />
Financial performance<br />
The most recent financials for Risima indicate<br />
that:<br />
• In the last financial year, the company recorded<br />
a total income of R37-million with a profit of<br />
R22.5-million against the targeted budget of<br />
R12.3-million.<br />
• The total loan book grew from R298.2-million to<br />
million loan impairment excluded. Despite the<br />
funding constraints, there was a positive variance<br />
of R26.6-million.<br />
• Total assets recorded for the year are currently<br />
R336.7-million.<br />
• Extensions and renovations – clients are assisted<br />
with financing for home improvements<br />
• Switch bonds – entails taking over a bond from<br />
another financial institution<br />
• Installation of solar-water-heating systems –<br />
assists existing clients who want to switch to<br />
energy efficient systems<br />
• Additional loans – clients who have equity on<br />
their properties can apply for additional loans<br />
• Access bond – available to clients who pay more<br />
than the required instalment on their home loans<br />
Official classification<br />
The company is classified under schedule 3D of<br />
the Public Finance Management Act as a provincial<br />
government business enterprise that deals with<br />
home-loan finance to the end-users who are permanently<br />
employed citizens of the Republic of<br />
South Africa, resident in <strong>Limpopo</strong>’s rural and urban<br />
areas and where property ownership is evidenced<br />
by the Permission to Occupy or Deed of Grant<br />
Risima stakeholder engagement<br />
The Department of Public Service and Administration<br />
established the Government Employees Housing<br />
Scheme (GEHS) to assist government employees<br />
with access to home-loan finance and Risima was<br />
selected as one of the implementing agents of the<br />
scheme.<br />
Risima is also appointed by COGHSTA to implement<br />
and administer the Financial Linked Individual<br />
Subsidy Programme (FLISP) in the province.<br />
CONTACT INFO<br />
Lebowakgomo (head office)<br />
Tel: +27 15 633 4732 or +27 15 633 4700<br />
Polokwane (regional office)<br />
Tel: +27 15 295 5120<br />
Ritavi (regional office)<br />
Tel: +27 15 303 <strong>17</strong>31<br />
Thohoyandou (regional office)<br />
Tel: +27 15 962 4900<br />
37 LIMPOPO BUSINESS <strong>2016</strong>/<strong>17</strong>
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