Thapelo Mmusinyane | Head: Real Estate | Episode 65

Summary

The 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.