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.

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

TUHF Urban Quarterly Report 30062023

Notification of Interest and Principal Payment 260123

Correction Announcement Notification of Interest and Principal Payment 260123

TUHF Urban Finance Quarterly Investor Report 010223

Changes To The Board Resignation and Appointments of Directors 290323

Notification of Interest and Principal Payment 250423

TUHF Urban Finance Quarterly Investor Report 020523

Credit Rating Announcement 260523

Update Regarding Johannesburg CBD Explosion 210723

Notification of Interest and Principal Payment 260723

Availability of Annual Financial Statements For The Year Ended 31 March 2023 310723

TUHF Urban Finance Quarterly Investor Report 010823

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.

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.