Limpopo Business 2017-18 edition

FOCUS
Affairs, Human Settlements and
Traditional Affairs (COGHSTA),
Risima distributes grants to applicants
who qualify for money
to make up the shortfall between
an asking price and what the applicant
can afford or if a deposit
is needed but the applicant can’t
fund it. The gap market is the
target market for FLISP.
The subsidy is being rolled out
in the Polokwane suburb of Bendor,
Lephalale and other regions of the
province. This comprises threebedroomed
houses and semidetached
townhouses.
Mining houses: A new area of
cooperation is imminent in that
Risima and a number of mining
houses such as Exxaro, Amplats
and Northam (at Thabazimbi) have
been in discussion about working
together to deliver housing.
Preparatory work has been done
and concrete steps should be seen
in the fourth quarter of 2017.
Expansion
Risima’s mandate extends across
each of the five regions of the
province of Limpopo and it
currently has four offices. As of
October 2017, the company head
office will be in the provincial
capital, Polokwane, on the corner
of Rabie and Van Rensburg
streets. “Our new offices will be
bigger,” says Dr Nokaneng, “and
we will be more accessible to
customers and stakeholders.”
New offices are also to be
established in areas such as
Makhado (Louis Trichardt),
Lephalale, Musina and Modimolle
to further widen the company’s
footprint.
This geographic expansion is proof that demand is on the rise and
that Risima’s more aggressive approach is paying off. The large coal
mine and new power station at Lephalale mean that a further project
comprising 2 700 units is in the works in that area.
LOANS GRANTED
Region
Loans granted
Capricorn 61 653 927
Mopani 10 587 032
Sekhukhune 9 174 632
Vhembe 14 998 829
Waterberg 14 439 211
Total 110 853 631
GOALS 2016/17
Risima 2016/17 Target Achieved
Home loans 190 191
Loan approvals R78.9-million R110.8-million
Contribution to LEDA income 5.7% 7.5%
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LIMPOPO BUSINESS 2017/18