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As TUHF marks its 20-year milestone of fostering urban regeneration, the company has announced an ambitious expansion strategy aimed at addressing the evolving demands for affordable housing across South Africa – and plans to expand into the rest of the continent.

Under the stewardship of CEO Paul Jackson, TUHF champions the ethos of ‘making a difference one neighbourhood, one city block, one community at a time’. This principle has driven significant social and economic impacts in the urban landscapes across the country.

“The essence of properly located housing goes beyond shelter. It is an engine of economic growth and social wellbeing for the communities in those precincts. Our approach has always been about nurturing micro-economies within city blocks and neighbourhoods, thereby creating a ripple effect of inclusivity and wealth mobility,” explains Jackson. “This high-touch approach, distinguishing TUHF as an in-city financier, has been instrumental in stimulating business and employment opportunities, fostering mixed-use economies, and promoting mixed-income communities.”

Expanding demand in inner city and in-city areas

Originating as an inner-city financier in Johannesburg, TUHF has progressively broadened its geographical footprint to align with the shifting demands for affordable housing.

“Our journey began with urban regeneration within Johannesburg, focusing on affordable housing and black economic empowerment. As the landscape evolved, so did our strategy, leading us to extend our services beyond traditional inner-city areas to include in-city areas,” shares Jackson. “The expansion follows a well-defined in-city strategy. These areas, adjacent to the inner-city and near key urban nodes, align with our market expansion strategy. For instance, in Johannesburg it would be to move with the market to areas like Linden, Randburg, Buccleuch, and Kew, among others.”

The nationwide expansion has seen TUHF establishing a presence in 11 of South Africa’s metros, with a vision to extend its reach across the Southern African Development Community (SADC) in the next two years. The strategic growth is backed by an extensive branch network, ensuring a local presence to better understand and meet the market demands.

An example of this is through its uMaStandi township programme it launched in 2015.

“There is enormous demand in South Africa for people to live in well located townships – and we are delighted to have found significant interest from property entrepreneurs looking to develop in those communities,” Jackson says.

As a specialised commercial property financier, TUHF has found that there is large market niche in townships where it is difficult to get commercial property finance at the scale (up to R5 million) in those communities.

Working with clients

“We are not a long-distance financier. Our branches across the nation not only symbolise our growing footprint but also underline our commitment to being hands-on with our clients, ensuring the success of each project we finance,” says Jackson.

Going beyond financing, TUHF actively nurtures a collaborative and supportive ecosystem for budding property entrepreneurs.

“We encourage interested parties to immerse themselves in the neighbourhood they wish to invest in, to walk the streets, absorb the atmosphere, and identify potential investment buildings. Before developing a business plan, we invite entrepreneurs to engage with us, to share their thoughts and price points, and to benefit from our intimate knowledge of the areas and the lessons we have learnt over the years,” Jackson explains.

He emphasises the importance of leveraging TUHF’s experiential knowledge and the willingness of its community of property entrepreneurs to share their journeys with newcomers. “Our approval process, though thorough, can be quick, and completed within 21 days or less once all information is received. We walk with our clients throughout the entire process, ensuring a robust, sustainable, and commercially viable solution that forms a solid foundation for future growth,” Jackson adds.

As TUHF embarks on its next chapter, the focus is to consolidate its brand, enhance market reach, and continue being a catalyst for urban transformation.

“With a track record spanning 20-years of financing over 50,000 units and injecting over R8.3 billion into urban housing, we are keen on extending our impact further across South Africa and, beyond the country’s borders by partnering with property entrepreneurs across the SADC region,” concludes Jackson.

The legacy of TUHF over the last two decades sets a solid foundation for its ambitious journey ahead, reaffirming its commitment to shaping vibrant urban communities in every city and town it invests in.

TUHF announces ambitious expansion plans as it celebrates 20 years of urban revitalisation Read More »

Global impact investment has surged over the past five years, and emerging markets like South Africa are expected to lead the way as the trend continues in years to come. Green and social bonds, in particular, have seen astronomical growth globally, though the Middle East and Africa combined account for only USD 10 Billion of the USD 1.024 Trillion total issuance in 2021.

Even so, investors are regularly challenged by the new structures, processes and performance indicators that accompany impact investment, and one of the biggest concerns is ‘greenwashing’ of business activities and possible trade-offs between financial returns and environmental, social and governance (ESG) impacts. However, as the Johannesburg Stock Exchange (JSE) Sustainability Index matures and impact measurement strategies improve, South Africa is leading the charge as the largest impact investing market on the continent. 

In the Impact Investing South Africa (IISA)’s recent case study, TUHF is examined as one of the most promising examples of profitable and impactful businesses rising to the challenge. Download the case study to find out how we are filling the finance gap for non-traditional entrepreneurs to develop affordable housing projects in declining urban centres and informal townships.

TUHF – South Africa’s Impact Investor of Choice in Affordable Housing Read More »

The City of Johannesburg has extended the General Valuation Roll (GVR2023) appeal period to the 30th of November 2023 which only applies to property owners who have previously objected to the Roll and who are still not happy with the Municipal Valuer’s Decision (MVD).

According to the City, it has processed +38 000 objections out of a total of 42 053 objections received and it has sent out MVD notices.

An appeal to the Municipal Valuer’s Decision will be heard by a Valuation Appeal Board (VAB) which is an independent board appointed as per the Municipal Property Rates Act 6 of 2004 as amended (MPRA).

Source: Gemma-Louis Wright, propertywheel.co.za

City Of Joburg Extends GVR2023 Appeal Period Read More »

TUHF Urban Finance (RF) Limited – SENS announcements 2023 Read More »

Rob Wesselo, board member

Johannesburg, Gauteng

Rob Wesselo joined TUHF’s Board as a non-executive director in April 2023. An Admitted Attorney, Rob has extensive experience in construction, banking and property finance. He has previously sat on the Boards of Group Five Building and Pangbourne Property Fund, bringing valuable know-how to TUHF’s Board.

 

Rob has been the Managing Director at International Housing Solutions since September 2010. This role sees him adding fund management experience specific to affordable housing and residential property across South Africa and Sub-Saharan Africa to TUHF’s Board. In addition, Rob has developed and managed affordable rental housing units at scale, successfully listed the first Residential Fund on the JSE and has engaged with international DFIs on affordable and social housing efforts in Sub-Saharan Africa.

Rob Wesselo Read More »

Palesa Kadi, board member

Johannesburg, Gauteng

Palesa Kadi holds a Masters and BA (Hons) in Political Studies and Comparative Economics from UWC, Post Graduate Diploma in Management, Wits and is currently completing her PhD  with Research Chair in Critical Architecture and Urbanism at the University of Pretoria. She also holds academic qualifications in Ethics, Technology Governance, and Digital Disruption Strategies, amongst others.

 

Palesa has held Director and Executive positions at a number of public sector entities, including Nelson Mandela Bay Municipality, the National Department of Tourism and ICASA. She serves in various boards and Trusts including National Housing Finance Corporation, South African Broadcasting Corporation,  Karoshoek Solar Community Trust and Cricket South Africa. Her expertise in public policy development, corporate governance and risk management, strategic business planning and corporate communications are a valuable addition to TUHF’s Board make-up.

Palesa Kadi Read More »