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Norufin together with RHLF as a major shareholder aims to be in line with the Government’s strategy to promote social equity and reinvest in the marginalized areas. |
| The RHLF is a world class rural housing financial sector development and wholesale lending institution that was founded to help address the housing needs of the rural poor, and to satisfy the challenge of financial sector development in rural areas advocated by the Strauss Commission. | ![]() |
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The German government, through its development bank KfW, is currently the sole funder of the RHLF. Bi-lateral agreements between the two governments include parameters that have shaped the RHLF's programme strategy. |
An extract form the website of the Department of Housing.
The Government
housing programme strives to meet the goals of economic growth, job creation and
poverty alleviation for the poor.
Housing is one of the key deliverables in generating growth, employment and
wealth. The Governments low cost housing programme does not only support the use
of labour intensive methods, but also employs local labour and emerging
contractors.
In order to ensure a better quality of life for all South Africans the Housing
Department will continue to monitor the activities of the home building industry
to ensure the transformation of the industry through the Constitution and such
laws as the Labour Relation, Basic Conditions of Employment, Employment Equity
and Skills Development Acts.
Despite the efforts of Government, the poorest of South African Households
earn less than 10% of the total income earned by all South Africans, and the
richest 10% earn more than half of the total income. With this, access to
finance still remains the greatest challenge to low cost housing development.
The Department aims to promote and attract adequate investment for growth and
development for both the established and emerging sectors, to match
ever-expanding government expenditure on social and economic infrastructure.
The Department needs to align investment strategies of the private sector with
those of increasing the Fixed Domestic Investment to promote social equity and
reinvestment in marginalized areas.
