Despite the unprecedented times, TUHF continues to be a good business doing good. TUHF honours Nelson Mandela Day by delivering hygiene parcels to the Fountain for the Thirsty, an organisation that has been helping the homeless during the Covid-19 lockdown period. The foundation works with homeless shelters and is currently operating two temporary emergency shelters for a maximum of 55 men in their 30km squared service area.

“For the people that we have worked with, we have made a world of a difference. We have made an impact on the lives of the people of the city,” said the foundation’s founding director, Shalene Selkirk.

For those in need or who wish to contribute to their efforts visit

by Elske, Blogger, A Table for One

Kate Keeling, Junior Portfolio Manager at TUHF, provides some much needed info on investing in property and expanding your property portfolio.

Briefly tell me more about yourself and your journey in property investment.

I studied BSc Architecture and BSc Honours in Real Estate through the University of Pretoria. I was then offered an internship at TUHF and have loved working in the property investment space so much that I have never looked back. I have been at TUHF since May 2016 and I am now a junior portfolio manager.

For those wondering how to buy/invest in their first property. Where does one start?

It is key to understand the market that you are wanting to invest in. For example, the old saying of “location is key” is still very true today.

The decision on location, or at least area, may be determined by your affordability, but it will also be strongly influenced by the demand in an area. With location, it’s also important to know the type of property you are wanting to invest in and the product you want to bring to the market; what makes it better or more attractive than what is already on the market.

In addition, before making any commitment or investment, you need to understand the income and expenses of the property you are looking at. Often people underestimate the costs of running a property, where not all costs are recoverable from tenants.

Once you’ve undertaken your market research and have a strong grasp of the above, also consider your personal capacity, expertise and experience – and if you may need to on-board some professionals to assist you.

What are some factors you need to consider before buying your first property?

As mentioned above, location is key and understanding your market and potential tenants. I think you must invest in an area that you are happy to manage in, a present landlord is always the most successful. Look at the expenses of the property; a good practice whenever it is possible to, is to get your hands on a utilities bill to understand the ‘real’ costs, rather than working off estimations. Also understand other costs such as security, maintenance, insurance, etc. to get a more all-encompassing view, which can then be compared to expected potential income from the property, to assess if it is viable (ie does it support itself), or profitable, as a sustainable investment.

Many first-time buyers are not aware of transfer costs and transfer duties. What are they and what is the difference between the two?

The transfer duty is a tax payable to SARS – and is calculated based on the value of the property. Buyers are liable for transfer duty fees for all types of properties over R1 000 000.

Transfer costs, on the other hand, are the costs for transferring the property into the buyer’s name, this includes conveyancer’s fees and bond registration.

What, if any, ‘hidden costs’ should one be aware of?

Perhaps not hidden costs, but there are additional costs involved with buying property that some investors are possibly not aware of, or underestimate, initially. These can include, for example:

  • Transfer costs and bond registration costs, which are often more than people anticipate.
  • If you plan to do any construction and/or refurbishment on the property, it’s good practice to always allow for a contingency, as there will be something that may have been overlooked in the initial costings, snags or potentials delays, which also may cause a delay for letting the property. And during this refurbishment or construction period your loan will need to be serviced or there will be capitalised interest added to your loan.
  • Letting your property takes time; your instalment will be due with your funder and you may not be fully let. In saying this, finding the right tenant is important.
  • Running and maintenance costs, as although you recover some costs from the tenants there are generally some costs you don’t recover. Some examples of these can include: general upkeep of the property, cleaning and maintenance; electricity and water in communal spaces (for multi-unit, multi-tenant properties); insurance; rates and taxes; security.

After buying your first property, how do you go about expanding your portfolio?

I think it is important to get your first property up and running properly before moving onto your next project/investment. This means making sure your property is self-sustaining, and ensuring you feel 100% comfortable from a finance and capacity point of view before making another commitment.

You will also learn a lot of lessons from your first property and carry these into your plans for the next property. And although you maybe want to diversify the area or the property type, just remember that when managing multiple properties, it is easier if the properties are close to each other – particularly if you want to be a present landlord – and you already have inside information in the market you are invested in.

Any other tips or advice?

COVID-19 has taught us a lot, not least of all that you can’t plan for everything. But what we have learnt from our clients, as landlords and their approach to their tenants, is that if you are proactive when something does happen, it will soften the blow.

We have seen landlords who have been very proactive during this pandemic and they are recovering quicker from any financial knock-on effects of the economic impacts of the pandemic and the lockdown measures, than for example other market players who perhaps haven’t stayed engaged with their tenants and been present at their properties.

This experience has also shown that it is very important to vet and get the right tenant into your property to begin with, but then to also build a strong relationship with your tenants. As, while the current circumstance surrounding the pandemic are unprecedented, having a strong relationship can help see you and your tenants get through any future tough times together.

And, if you are using a property management company, or planning to, ensure they are proactive and responsive to you and your tenants in situations.

On the 7th of July 2020, Mahlatse Kekana, Junior Portfolio Manager at TUHF joined Private Property’s podcast series on Facebook. Hosted by Zamantungwa Khumalo, Mahlatse featured as the guest speaker to discuss entrepreneurial success tips in commercial real estate. 

“The first thing that TUHF looks for before processing a loan application, is a fit for that particular entrepreneur or enterprise. TUHF has what we call a character-based lending strategy which means that we look at the character as well as, the background and abilities of the person behind the deal.” Mahlatse explained.

TUHF will also assess:

– Whether the deal is commercially viable, i.e. does the deal make commercial sense?

– Whether the loan that it gives you can be paid back from the income that will be generated from the particular property

Over and above, TUHF’s financing process can be summarised in 8 steps

Step 1. Identify an inner-city area in which you would like to invest, in line with your knowledge & experience

Step 2. Find an existing building or site for a new building

Step 3. Do your research by gathering information to prepare for your meeting with a TUHF Consultant

Step 4. Apply for TUHF finance

Step 5. Begin the credit approval phase

Step 6. Meet the conditions of the approval & sign loan agreement

Step 7. Registration of property takes place & construction starts

Step 8. Construction complete, rent up and cyclical processes

In concluding TUHF’s steps of lending, Mahlatse mentioned that some of the most successful property entrepreneurs are those who buy correctly at the correct price. “You have to buy properties that suit your risk appetite and capabilities. The most successful entrepreneurs are street level and they have a network of real estate agents, developers, and financiers. Platforms like Private Property provide a basis for entrepreneurs to find property. But it’s when you really start engaging with your peers and fellow entrepreneurs that you start finding what a good transaction looks like” Mahlatse added.

Zamantungwa and Mahlatse continued the conversation by discussing other factors that property buyers should be mindful of when buying property in the inner city. Mahlatse explained that finding the right deal, or property is not easy, and this means that people will often enough have to let go off a few properties before finding the one more suitable for them. Mahlatse highlighted that even though you may not come with a feasible proposal in the beginning, TUHF is still able to assist you find the right deal.

TUHF is also able to fund property entrepreneurs in township areas of South Africa through its uMaStandi product offering. uMaStandi launched in 2017 and it finances township entrepreneurs.

“In summary, the best advice that I can give in closing to property entrepreneurs who want to succeed in the real estate property market is firstly; you should start small then go big, secondly; always interrogate purchase prices and lastly; be conservative in your estimates.” Mahlatse concluded.

More Information:

Podcast link

Learn more about TUHF

Learn more about uMaStandi

Get to know Mahlatse Kekana – LinkedIn

Situated in the heart of Observatory, Mitra Mews merges history with contemporary design in a beautiful, privately developed small mixed-use precinct, with a retail shop and short and long-term accommodation rentals.

Owned by the husband and wife architect duo Alastair Rendall and Gita Goven, construction of Mitra Mews was completed at the end of last year. The precinct features a complex that offers both short-term and long-term rental options – with nine fully furnished units, including fibre Internet connectivity and smart televisions. Four of the units are duplexes with four-bedrooms and a bathroom on each of the two levels, and five of which are two-bedroom units both with en-suite bathrooms.

The 840sqm site has parking for 11 cars and includes a convenience store, a music studio, letting office, and laundry, as well as a completely refurbished Victorian house which is part of the Observatory Heritage protection Area containing many of the remaining Victorian and Edwardian architecture buildings in South Africa. The precinct is also within walking distance of more than 20 different restaurants and bars as well as the metrorail station, bus stops, and two shopping centres.

Alastair Rendall says, “My wife and I have been in the rental business for 26-years and were looking for an investment that would ultimately allow us to reduce our dependence on our professional service business and generate an income from the rental property. This would free us up in generating innovative solutions to mixed income inspiring settlements. Considering this property was in front of our home it made sense for us to purchase it when it came on the market. It was also small enough to make the development manageable for us without requiring the services of a massive third-party developer.”

Both Alastair and Gita are passionate about designing everything using sustainable materials and making their developments as water and energy efficient as possible. To this end, the complex has been constructed using eco-friendly green-lite concrete blocks, and water supplied by a borehole that is fully filtered and purified on-site. For energy, the development relies on a photo-voltaic water heating and electricity generation system, with heat pump back-up, to help make it as eco-friendly as possible. There is also a predominantly edible urban courtyard landscape with 24 fruit trees and medicinal, herbal and culinary plants. We are also building relationships with our local community to bring events and opportunities that our guests can enjoy as a distinct OBS experience.

“We both feel it is important to build something up in the city without taking it outside of Cape Town. Because Observatory has a high density of Victorian houses and falls in a protected area, it was quite a challenging process to get all the required approvals for the renovation of the house and the construction of the units. The shop front had a canopy over the sidewalk which I wanted to retain as it is quite a feature on the street,” adds Alastair.

Even though Mitra Mews was receiving good online reviews and started building momentum on the rental front, the recent lockdown as part of the COVID-19 containment measures has meant that the owners required to rethink their short-term plans.

“While there is still a lot of uncertainty in the market, we are exploring making the units available to health professionals as we are within walking distance of a hospital. There is also a possibility of continuing with the long-term rentals targeting foreign and local students, but with the second half of the year is difficult to predict as universities will likely continue with online education we are keeping all options open at this stage,” indicates Alastair. Mitra Mews received R11 million in funding from TUHF.

“It has been a great experience working with committed clients like Alastair and Gita. Not only have they followed through on what they promised to accomplish, but they also produced quality work in the development of Mitra Mews. This goes a long way in establishing the foundation of a strong client relationship,” says Anne Meiring, Credit Analyst at TUHF.

“From our side, we are heavily invested in this project on a personal level. My wife and I had to furnish all the units ourselves. Our youngest son is a photographer, so we printed some of his photographs to put in the units as well. Our older son is a musician and is using the music studio to produce his music. He is getting ready to launch his first album globally soon. This adds to us being embedded in the project and doing everything we can to manage the short-term complications of the lockdown by taking a more long-term view of its potential,” says Alastair.

Given the picturesque location and the quality of the development, it certainly does bode a lot of potential that will benefit its owners and tenants well into the future.

“TUHF has created an impact in Cape Town by giving great attention to the Bellville, Parow, Observatory, Goodwood and areas within the Voortrekker Road corridor. Through providing financial backing to private developers, TUHF has assisted in uplifting these formerly neglected and under-invested arears which were regressing rapidly, by improving safety, quality of life and the socio-economic situation,” says Dihedile Mphachoe, Portfolio Manager at TUHF.


  • Location: 31 Station Road, Observatory, Cape Town, 2935
  • TUHF Product: Mitra Mews
  • Original configuration: Victorian house with old sheds and a shop
  • Configuration upon completion: Green townhouse security complex with nine apartments (four 4-bedroom apartments each with two bathrooms; five 2-bedroom apartments each with en-suite bathrooms), shop, music studio, and refurbished Victorian House that contains a 2-bed ground floor apartment, letting office and laundry

Khosi Makolota was working as a travel agent. But her dream was to develop two stands in Soweto, which she had owned for some time, into a high-quality residential rental property for middle-income tenants. “You know how it is when you’re working for someone, and all the time you’re thinking “You know, I could be doing this thing?”. It was like that,” she smiles.

The journey hasn’t been easy. A single mom to two daughters, aged five and 15, Khosi had resigned from her job three times to focus on developing her property. But each time, she ran out of funds and had to return to full-time employment. Her dedication to realising her dream even led her to put her home up for sale to fund the development.

In 2015, Khosi made the tough decision to focus exclusively on getting Sisana Heights completed. She approached several financial institutions to fund her dream, but without success. Funding is difficult to come by for smaller projects like Khosi’s – and traditional investors are often wary of property developments in Soweto as the rentals tend to be low compared to more high-end areas like Sandton.

Then, Khosi met Henry Chitsulo, owner of Bold Moves and appointed mentor for uMaStandi clients, who told her about uMaStandi – a member of the TUHF Group that specifically funds rental property entrepreneurs in townships. uMaStandi provided both funding and mentorship, helping Khosi to realise her long-term dream in just over six-months.

“We were so impressed by Khosi’s determination and commitment to this project,” says Chitsulo. “So, we tailor-made a mortgage loan for her, and provided training and mentorship to help her achieve her goals quickly.”

With funding from uMaStandi in place, development at Sisana Heights started in earnest in July 2019. Unfortunately, the contractor became ill and passed away soon after, which was a blow to Khosi and her team. However, they were able to restart in October 2019, and construction on the first site has been completed and units are ready for tenanting. The demand is promising, as the ground floor is already fully rented, and tenants are keen to move in.

The first site contains 14 studio apartments. Each unit is intended to house a maximum of two people, aimed at couples or single parents of young children. The open plan studio layout includes a kitchenette, combined living and bedroom area, and a bathroom. The rent ranges between R 2 500.00 and R 3 000.00 per month, depending on the unit’s total floor space.

Sisana Heights is conveniently located close to a mall, clinic and church. Situated just off one of Soweto’s main roads, it also offers easy access to transport, 24-hours a day. And, with South Africa’s continuing challenges around the provision of electricity, the building incorporates energy-storing LED bulbs as well, ensuring residents will have up to 8-hours of light should the building be affected by load shedding.

The training and mentorship uMaStandi provided were extremely valuable to Khosi. “uMaStandi came to my rescue. And working with the team, especially the Portfolio Manager, Victor Mathetha, really opened my eyes that there is more to it than just building the units and collecting rentals to grow my investment as a sustainable rental business.”

Her two daughters have also played an important role in achieving Khosi’s goal. “They have been very supportive. We even do homework here [on site],” she says.

Khosi will be working with uMaStandi to develop her second site as well. “I’ll be taking all the lessons I learned through this project over to that site,” she says. This will add another 14 studio apartments to the property, bringing the total accommodation available at Sisana Heights to 28 units.


  • Location: 1818 Mvoti Street, Johannesburg, Senaoane, 1818
  • TUHF Product: uMaStandi
  • Original configuration: 2 undeveloped stands
  • Configuration upon completion: 28 residential bachelor studios

The latest Regulations relating to the Schedule of Services and Framework of Sectors was gazetted and released late last night, the 29th of April 2020. They repeal all previous Regulations issued in terms of the COVID-19 pandemic dealing with the forced lockdown in South Africa. The new Regulations speak only to Alert Level 4 from 01 May 2020.

As part of this process, government will be adopting a ‘risk-based’ approach with more severely affected areas set to face stricter regulations than areas that don’t have as many coronavirus cases. To ensure that the response to the pandemic can be as precise and targeted as possible, there will be a national level and separate levels for each province, district and metro in the country.

As a result, legal advice will differ in each case depending on the severity of the lockdown level in an area. Understandably, landlords and property practitioners have very important questions that need to be answered on what this means for the rental industry. TPN and SSLR Inc. put our heads together to answer your most pressing questions.

The Cabinet will determine the severity of the Alert Levels 1-4 and the extent that they apply to each area. These answers have been prepared under Alert Level 4 and should be utilised only under this instance.

Good news for the property market:

  • The deeds office is open and will be functioning from 01 May 2020.
  • Sherriff services are to commence for all legal practitioners, thus Court documents, applications, and action can be served.
  • Evictions are allowed! A competent Court may grant an order for eviction. Provided that any order of the eviction shall be stayed and suspended till the last day of Level 4. Unless a Court decides that it is not just and equitable to stay and suspend the order until he last day of the alert level.
  • Permits for the movement of persons may only be issued under very restricted circumstances. These circumstances include:
    • Permits to perform essential work or a permitted service signed by the institution.
    • Permits for the movement of children to travel to another province of metropolitan area or district.
    • Permits to travel to another province or metropolitan area or district for a funeral.

Your questions answered

Question 1: May a tenant move into or vacate a premises during Alert Level 4?

No. We can derive this from provision 16 of the Regulations. The Regulations specifically state:

16(1)Every person is confined to his or her place of residence
16(2)A person may only leave their place of residence to:
a.Perform an essential or permitted service, as allowed in Alert Level 4.
b.Go to work where a permit has been issued.
c.Buy permitted goods.
d.Obtain allowed services.
e.Move children, as allowed.
f.Walk run or cycle between the hours of 06h00 and 09h00 within 5 kilometres of their place of residence.

Therefore, moving into or out of properties is not allowed. Effective communication with the landlord or agent is vital during this time, please do not take the Law into your own hands or be the test case for vacating or moving into a premises.

Question 2: What if my tenant does move during Alert Level 4?

The tenant may be acting illegally in terms of the Regulations and this must be taken into account for any damages that may be suffered by the landlord. There are a few pertinent questions that need to be asked here, such as:

  1. Did the tenant leave without notice?
  2. Did the tenant cancel the lease early as per Section 14 of the Consumer Protection Act?
  3. Was the lease to end anyway?

Depending on the answer to the questions above, there may be different claims that the landlord can institute. The important thing here is that the tenant may not vacate and has acted contrary to the lease, legislation, regulation or declarator.

The landlord may thus have a claim for damages as a result of the early vacation of the premises without any notice; for a reasonable cancellation penalty in terms of the Consumer Protection Act; or for damages based in delict should the tenant vacate illegally at the end of the lease term.

Question 3: May a tenant use the once-off movement to move into a premises?

No. Only persons returning to their residence or work, who was not at their place of residence or work during lockdown, will be able to travel between provinces and metropolitan areas. This is a once-off movement to return to their own residence, not to take occupation of a new property. During the panel discussion with the media, it was hinted that this would need to occur over the 1st of May long weekend and that it is not intended to circumvent the Regulations.

Question 4: May an estate agency trade from their place of business and perform all estate agent functions?

No. An estate agency is not listed under Table 1 of Alert Level 4 for essential work or permitted services. In the previous draft regulations, commercial and residential real estate activity would only be allowed at level 3 and level 2 respectively.

Question 5: May I perform incoming and outgoing inspections?

No. Estate agents, property managers, property practitioners or landlords are not included in the list of essential work or permitted services. They are thus not permitted to travel to, do or conduct any activity in the ordinary course of business. This limits what can occur on a lease premises including moving in and vacating. All inspections must be held off for the moment. A practical solution may be remote or online inspections but this is impossible to implement for a vacating tenant.

Should the tenant vacate the premises and leave the keys at security or another safe place, please do not collect the keys and perform an inspection. This can wait until you are permitted to do so. The tenant will still be liable for the damages when the inspection has been done.

Question 6: What happens to the tenant’s deposit should he vacate?

As the landlord or agent cannot perform an outgoing inspection, damages to the premises cannot be ascertained. This creates a legal problem as in terms of the Rental Housing Act, the deposit must be returned with certain time periods. The Act however also dictates when the deposit must be returned in relation to the inspection having been performed, and should it be illegal to perform the inspection, this must be taken into consideration.

We suggest holding onto the deposit until it is possible to do the inspection. Inform the tenant of this situation and that they will be liable for all damages to the premises, not barring the return of the keys (as this has been illegally done) and even invite them to the inspection when it can be performed. Should there be no damages, the deposit can be returned to the tenant with interest once the inspection has been completed. Should there be damages then the deposit can be utilised to cover those damages.

Question 7: May I have an Attorney prepare an eviction application and evict the tenant from a property?

Yes. An Attorney may prepare, serve and even be granted an Order for the Eviction of a tenant from a premises during Alert Level 4. The Order may however only be executed after Alert Level 4 ends.


This is an unprecedented situation for the residential and commercial real estate industry, not only in South Africa but globally. Clarity, further proposed amendments to the Regulations and challenges to the existing framework is ongoing and paramount. We will continue to speculate, assume and contrast the Law in relation to morality and Ubuntu until specificity is garnered from the Regulations.

Until then, effective communication is the key. Landlords, estate agents and tenants must communicate – we will all get through this, but only together.

Michelle Dickens
MD of TPN Credit Bureau


TUHF Limited has secured a R700 million investment from Standard Bank through the bank’s Debt Capital Markets team

This development follows TUHF’s successful execution of the Mortgage backed Securitisation of R650 million in December 2018. This new facility will be invested through the Vuselela Warehouse SPV, a special purpose vehicle, through which TUHF will continue its securitisation programme.

Speaking on this announcement, TUHF CEO Paul Jackson, said: “Our successful asset securitisation programme demonstrated two things for us. Firstly, that a securitisation product is something that the capital markets have an appetite for and, secondly, the strength of market confidence in our business.”

“TUHF offers commercial property finance loans funded through a combination of bilateral facilities and off-balance sheet securitisation structures. Asset securitisation structures form an important part of our funding architecture going forward. The Standard Bank warehouse facility gives us great impetus on the securitisation front. The assets funded by the warehouse facility will exit into the next securitisation programme. New assets will then come through the warehouse facility as we look to repeat this performance in the coming years.” adds Jackson.

The warehouse will be refinanced by the sale of the assets to the next securitisation and the process will be repeated as TUHF grows its loan book.

In 2019 TUHF’s loan book performance calculated since inception (over 17-years) was assessed in line with IFRS 9, an accounting standard on adequacy of loan loss provisions focusing on three crucial measures including; probability of default, loss given default and exposure default. The outcome shows a low expected credit loss ratio indicating that TUHF’s commercial performance over time is extremely competitive.

“Standard Bank has been TUHF’s transactional commercial bankers since 1993, showing a long-term and successful relationship with the bank, where the bank remains impressed with our loan book performance and have expressed a keen interest in our property market niche.” says Jackson.

Inner-city property investment and development is based on multi-sector economies and high demand for well-located accommodation. This is a key driver for urban regeneration, neighbourhood revitalisation, urban diversification and local economic development, which have a knock-on impact on improving further local socioeconomic activity and inclusion.

“This deal not only demonstrates the confidence that Standard Bank has placed in our business – but shows that the inner-city property market is a solid and sustainable investment. It vindicates the inner-city as our investment destination which is consistent with our business growth objectives,” concludes Jackson.


@Fourteenth brings colourful affordable accommodation to Boksburg CBD

  • TUHF Product
Intuthuko Equity Fund and purchase plus construction finance.

Boksburg, Johannesburg

February 2020 – A project funded by TUHF, @Fourteenth is a bright new residential complex that offers affordable accommodation within the Boksburg CBD.

Situated opposite the Boksburg Municipality Customer Care Centre on Trichardts Road, the building was originally a mixed-use structure containing retail facilities on the ground floor and residential units on the first and second floors. However, the building had not seen successful retail undertakings for some time and was rundown. When the building was put on the market for sale, local resident and property entrepreneur, Leroy Slava, recognised an opportunity and set upon a project to not only give the building a facelift, but a new purpose.

“I own property not far from @Fourteenth that I rent out and for years, when I had been near that part of town to oversee my other property, I had driven past the original building and noticed the rapid turnover of retail tenants. I often wondered if the building would have been better suited to a different use,” says Slava. “So, when the building came up for sale in 2018 I saw this as an investment opportunity; to buy the building and convert it to a full residential rental building. I contacted TUHF for property finance as I knew this was exactly the kind of inner-city property project that TUHF has the appetite to invest in.”

“We had spoken to Leroy before about similar opportunities and were thrilled when this project met our criteria so that we could move forward,” says Khumbulani Chikomo from TUHF. “Leroy knows the Boksburg inner city, has demonstrated his property management skills and has a good track record of providing good customer service and maintaining his properties well.”

TUHF provided financing to the value of R 8.3 million for purchase of the property as well as construction, refurbishment and professional fees to complete the conversion in full. The retail floor had to be converted to create residential units, and the original residential units had to be reconfigured from large 100 m2 units to smaller units of various sizes in order to increase capacity and ensure maximum impact.

“The experience of working with TUHF has been great,” says Slava. “I rent out and manage a few smaller properties, but this was my first conversion development project and property of this scale, so it was a real learning opportunity for me too, and the team from TUHF was very supportive and helpful.”

“They went above and beyond, not just in terms of helping to establish financial feasibility but also in terms of advising on risk management. In particular, the service providers that TUHF recommended –– were a pleasure to work with.”

The building not only showed promise to be economically sustainable but fully meets TUHF’s vision of achieving ‘impact through scale’. Besides the Municipality’s Customer Care Centre, the building is situated close to the Boksburg Public Library, two schools, retail facilities, several local businesses and one of Colgate Palmolive’s satellite offices. This makes it ideally located to have a positive impact on the area and provide good quality residential space with access to all the necessary amenities.

The newly renovated @Fourteenth consists of 31 residential units, ranging from bachelor studios to 2-bedroom apartments. The refurbishment was completed recently and opened for tenanting in the first week of February 2020 – and Slava as the owner and landlord is confident that the new @Fourteenth will offer a good return on investment.

“I’m especially proud of the fact that I received an invitation to enter the 2019 Investor of the Year Awards from the SA Property Investors Network for this project – and had made it to being named a finalist for the Award. And the support and guidance I received from the team at TUHF went a long way to making that possible too. I expect @Fourteenth to be fully tenanted in the coming months – and I’m already looking forward to my next project with TUHF,” concludes Slava.


Pressage Nyoni, Liaison Officer

Johannesburg, Gauteng

Entrenched in the inner city, Pressage has lived in Johannesburg’s inner-city since 1987, joining ActStop Civic Organisation that year. Since then he has been extensively involved in the city’s urban development and regeneration. In 1992 Pressage joined the 7 Buildings Project, becoming General Manager of the company until 2000. He then added experience in property administration and financial management to his skills in inner-city development activism. Pressage has worked with TUHF since 2003, joining permanently in 2004.

TUHF takes a long-term view to developing inner cities in South Africa. Despite the many challenges, the prospects for inner city residential property remain strong. The demand is ever increasing: South Africa needs safe, low-income rental housing close to people’s places of work and TUHF is poised to meet this need on ever-increasing scales.

TUHF Limited hosted a one day conference on Wednesday, 30 October 2019 gathering industry players from the public and private sector involved in inner city development including inner city property investors, development agencies, listed property funds, property managers, brokers and the media. 

The conference created a platform for sharing thought-leadership between various inner city parties to activate growth, by discovering future investment opportunities and common benefit for all inner city players. 


  National Inner City Trends – Prof Francois Viruly

  National Inner City Market Research – Hayley Ivins-Downes

  Site Disruptions in the Construction Industry: Reasons and Challenges – Andile Zondi

  From City State to Nation State, and…back to City State – Ralph Mathekga

  Finance’s Influence on the Housing Market – Kecia Rust