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The Entrepreneurial sector in South Africa is seen as a critical component in addressing the fundamental issues of unemployment and poverty, as well as contributing to meaningful Black Economic Empowerment.
Since the formation of the Government of National Unity in 1994, there have been significant strides towards the transformation of the lives of ordinary South Africans.
Small Scale Landlords make a significant contribution to the South African economy. They provide a range of accommodation types for approximately 15% of all South African households (1,85 million households).
The cities in southern Africa reflect the rapid urbanisation characteristic of sub-Saharan Africa in general.
Developers study the property market carefully and then, based on the property cycle, and risk and profit calculations, they acquire land and develop it, with a specific product in mind.
The restructuring of local government in South Africa began in the mid-1990s. A number of smaller local councils in the greater Durban area were amalgamated into a single metropolitan municipality, and the boundaries of the city were expanded to incorporate a number of new areas.
In South Africa, provision of affordable, well-situated housing close to existing services and work places is hampered by the high cost and scarcity of appropriate land. Consequently, most new low-income housing projects have been developed on the urban periphery.
Improving urban management is a crucial precondition for developing South African townships. While the urban management deficit in these areas has deep historical roots, an array of contemporary problems also needs to be overcome if improvements are to be realised.
In urban areas, the poor struggle to access well located land in cities and legal, institutional and procedural constraints impede secondary residential property markets from functioning effectively in black townships.
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