Thapelo Mmusinyane | Head: Real Estate | Episode 65

eThekwini Municipality

3 Apr 202405:20

Summary

TLDRThe Uini Municipality is hosting a property conference to address government land disposal policies and financial aspects of property funding. The event, themed around maximizing public sector assets for economic growth and inclusive participation, features speakers from various sectors, including banks and government institutions. The conference aims to inform the public and connect funding institutions with a focus on commercial properties, targeting historically disadvantaged groups for development opportunities. The initiative has already seen significant capital investment and job creation through the release of government-owned properties.

Takeaways

📢 The Uini Municipality is hosting a property conference to discuss government disposal policies and plans, as well as provide financial information on property funding services and products.
🚀 The conference originated from a challenge by the mayor to inform the public and involve funding institutions, focusing on commercial properties due to their capital-intensive nature.
🌐 The theme of the conference is 'maximizing public sector asset properties to drive economic growth and transformation' with an emphasis on enabling historically disadvantaged individuals to participate meaningfully.
🏢 The goal is to use public assets owned by the government to drive economic transformation and provide opportunities for previously excluded groups, particularly black individuals, to become developers.
📈 The conference expects hundreds of delegates, including speakers from Transnet, PRASA, the municipality, national and provincial government, and funding institutions like FNB, Absa, Nedbank, and the Development Bank of South Africa.
🏗️ Between 2021 and 2023, the municipality released about 25 properties and awarded 12 of them, resulting in approximately 2.3 billion in capital investment and the creation of around 5,000 jobs.
🏢 The awarded properties were all given to 100% black-owned companies, illustrating the commitment to economic transformation and inclusion.
📋 The conference is an opportunity for government entities to share their disposal plans within the municipality's jurisdiction and for the release of properties on a quarterly basis.
💡 The event aims to provide comprehensive information on the financial products available for different categories and the unique offerings of various banks.
📅 The conference is prepared and ready to proceed, with all systems go for the scheduled date.

Q & A

What is the main purpose of the property conference hosted by the uini municipality?
-The main purpose of the property conference is to discuss government disposal policies and plans, provide financial information on property funding services and products, and inform the public about proactive land release strategies.
Who is the host of the 'uini matters' show?
-The host of the 'uini matters' show is Zim, mazuko.
What is the proactive land release strategy mentioned in the conference?
-The proactive land release strategy refers to the initiative started in 2021 by the uini municipality to release properties owned by the government to the private sector, with a focus on commercial properties and investment attraction, particularly benefiting historically disadvantaged individuals.
What is the theme of the property conference?
-The theme of the property conference is 'maximizing public sector asset (property assets) to drive economic growth and transformation and enable meaningful participation of historically disadvantaged individuals'.
How many properties have been released by the uini municipality between 2021 and 2023?
-Between 2021 and 2023, the uini municipality released a total of about 25 properties.
What is the expected capital investment outcome from the released properties?
-The expected capital investment outcome from the released properties is about 2.3 billion, which is expected to contribute to the city's GDP and create approximately 5,000 jobs during and after construction.
How many companies were awarded properties under the uini municipality's initiative?
-A total of 12 companies were awarded properties under the uini municipality's initiative.
What is the significance of the property conference for historically disadvantaged individuals?
-The property conference aims to provide opportunities for historically disadvantaged individuals, particularly black people, to participate in property development and investment, which they have been previously excluded from.
Which institutions will be represented by the speakers at the conference?
-The speakers at the conference will represent various institutions including Transnet, PRASA, the municipality, National and Provincial Government, and funding institutions like FNB, Absa, Nedbank, and the Development Bank of South Africa.
What is the expected number of delegates at the conference?
-The conference is expecting hundreds of delegates to attend.
How does the uini municipality plan to continue releasing properties?
-The uini municipality plans to continue releasing properties on a quarterly basis, with about 21 properties released between December and the time of the conference, and approximately 30 properties planned for release in the next round.

Outlines

00:00

🏛️ Property Conference Overview

The first paragraph introduces the upcoming property conference hosted by the uini municipality, aimed at discussing government disposal policies and plans. The conference will also provide financial information on property funding services and products. Zim,mazuko, the host, welcomes Mr. M, the head of the real estate unit, who shares details about the conference's inception as a challenge from the mayor to inform the public and involve funding institutions. The focus is on commercial properties due to their capital-intensive nature. The theme of the conference is to maximize public sector asset to drive economic growth and enable meaningful participation from historically disadvantaged individuals. Mr. M emphasizes the importance of using public assets to create opportunities for previously excluded groups and attract investments. The conference is expected to have hundreds of delegates, including speakers from various sectors such as transnet, PRASA, municipalities, national and provincial governments, and funding institutions like FNB, Absa, Nedbank, and the Development Bank of South Africa. The discussion will cover government property ownership and financial products available in the market.

05:01

🎥 Recap and Closing Remarks

The second paragraph wraps up the video script with the host, Zim,mazuko, thanking Mr. M for his insights and contributions to the discussion. The host extends gratitude to the viewers and encourages them to subscribe, like, and share the content. The paragraph concludes with a positive note, highlighting the readiness of the team for the upcoming conference and expressing confidence in the event's success.

Mindmap

Keywords

💡Property Conference

The Property Conference is the central event discussed in the video, organized by the uini municipality to address government disposal policies and plans. It aims to provide financial information on property funding services and products, with a focus on commercial properties. The conference is relevant as it seeks to inform the public and involve funding institutions in the proactive land release strategy initiated since 2021.

💡Proactive Land Release Strategy

This strategy refers to the intentional and planned release of government-owned land to stimulate economic growth and development. It is a key initiative by the municipality to make land available for commercial property development, particularly targeting historically disadvantaged individuals to enable their participation in the property market.

💡Commercial Properties

Commercial properties are real estate assets that are used for business purposes, such as offices, retail spaces, and industrial facilities. These properties are significant in the context of the video because they are the focus of the municipality's land release strategy, aiming to drive economic transformation and growth through capital-intensive developments.

💡Economic Growth and Transformation

Economic growth and transformation refer to the process of improving and changing an economy to increase its productivity, efficiency, and overall performance. In the context of the video, this involves using public sector property assets to drive economic development and enable the participation of historically disadvantaged individuals in the property market.

💡Historically Disadvantaged Individuals

Historically disadvantaged individuals are those who have been systematically excluded or marginalized in the past due to factors such as race, ethnicity, or social class. In the video, this term specifically refers to black people who have been excluded from property ownership and economic opportunities in the past.

💡Government Disposal Policies

Government disposal policies refer to the guidelines and procedures that govern how government-owned assets, such as land or property, are sold, transferred, or otherwise disposed of. These policies are crucial for ensuring transparency, fairness, and the achievement of socio-economic goals in the disposal of public assets.

💡Funding Institutions

Funding institutions are organizations that provide financial support or capital for various projects and investments. In the context of the video, these institutions are invited to the conference to explore investment opportunities in commercial property development, particularly those that align with the goals of economic transformation and inclusion.

💡Capital Intensive

Capital intensive refers to projects or industries that require a large amount of capital or financial resources to operate or develop. In the context of commercial properties, this term highlights the significant investment needed for property development, which is a key focus of the conference and the municipality's strategy.

💡Economic Transformation

Economic transformation involves fundamental changes in the structure and performance of an economy to improve its competitiveness, productivity, and overall well-being. In the video, this concept is tied to the use of public assets to create opportunities for previously excluded groups and drive inclusive economic growth.

💡Investment Attraction

Investment attraction refers to the process of enticing investors to put their money into a particular project, business, or region. In the context of the video, the release of government-owned properties for private sector development is intended to attract investment, particularly in commercial property development.

💡Job Creation

Job creation is the process of generating new employment opportunities, which is a critical aspect of economic development. In the video, the release of properties and the resulting capital investment are expected to create jobs both during and after the construction phase, contributing to the city's economic growth.

Highlights

The uini municipality is hosting a property conference to discuss government disposal policies and plans.

The conference aims to provide financial information on property funding services and products.

The proactive land release strategy started in 2021 to inform the public and involve funding institutions.

The focus is on commercial properties, which are capital intensive.

The theme of the conference is maximizing public sector asset to drive economic growth and transformation.

The conference seeks to enable meaningful participation of historically disadvantaged individuals.

Public assets owned by the government will be used to drive economic transformation.

Between 2021 and 2023, about 25 properties were released, with 12 awarded.

The capital investment from the awarded properties is about 2.3 billion.

The property developments are expected to create around 5,000 jobs during and after construction.

The awarded properties were given to 100% black-owned companies.

The conference includes speakers from transnet, PRASA, the municipality, National and provincial government, and funding institutions.

The conference program is designed to accommodate everyone and provide unique information from the banks.

Government entities are encouraged to share their disposal plans within the municipal jurisdiction.

Between December and now, about 21 properties were released, with 30 expected to be released in the next round.

The conference is well-prepared and ready to proceed.