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South Africa: Minister Madikizela and Social Housing Regulatory Authority (SHRA) to Sign Agreement to Guarantee Service Delivery |
| Source: |
Issued by: Western Cape Human Settlements |
| Source Date: |
Thursday, January 17, 2013 |
| Country: |
South Africa |
| Created: |
Jan 17, 2013 |
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Previously, the department would create business plans for social housing projects, and when approved, include the number of social housing units in their Annual Performance Plan (APP). The APP is a public document projecting the departments expected performance.
However, the implementation would be dependent on funds available from SHRA during that financial year, and there was no guarantee that funding would be available. This meant that sometimes projects that were ready to go could not be implemented.
With the new agreement, funds will be guaranteed for any social housing business plan, which means that the department will be able to predict, with a much increased degree of certainty, what it will be capable of delivering in the upcoming financial years.
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