Joshco bridges housing gap for missing middle residents
During an oversight visit, Nhlamulo Shikwambana, Joshco's acting COO, said 'the development has already completed three phases, with tenants living in over 300 units, and construction of phase 4 now under way'.
'Once complete, phase 4 will add over 700 more units. This is going to be our biggest build in the area. The plan is to reach over 1,000 units in Diepsloot'
Shikwambana said the project is specifically aimed at South Africans in the 'missing middle', those who earn too much to qualify for RDP houses but too little to afford bonded homes.
'We are closing the gap for people who fall through the cracks. Most of our residents come from informal areas. We want them to feel safe and comfortable without being financially overstretched,' added Shikwambana.
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According to estimates, the tariffs will add roughly $3.5 billion (R63bn) to the cost of exports to the US, based on South Africa's 2023 export value. Video Player is loading. Play Video Play Unmute Current Time 0:00 / Duration -:- Loaded : 0% Stream Type LIVE Seek to live, currently behind live LIVE Remaining Time - 0:00 This is a modal window. Beginning of dialog window. Escape will cancel and close the window. Text Color White Black Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Background Color Black White Red Green Blue Yellow Magenta Cyan Transparency Opaque Semi-Transparent Transparent Window Color Black White Red Green Blue Yellow Magenta Cyan Transparency Transparent Semi-Transparent Opaque Font Size 50% 75% 100% 125% 150% 175% 200% 300% 400% Text Edge Style None Raised Depressed Uniform Dropshadow Font Family Proportional Sans-Serif Monospace Sans-Serif Proportional Serif Monospace Serif Casual Script Small Caps Reset restore all settings to the default values Done Close Modal Dialog End of dialog window. Advertisement Next Stay Close ✕ Ad loading Thys van Zyl, CEO of Everest Wealth Advisory, on Thursday said South Africa was facing severe economic consequences without any formal agreement in place with its second-largest bilateral trading partner. 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Tau said the government was awaiting substantive feedback from the US counterparts on the final status on its Framework Deal, which proposed importing 75-100 petajoules of Liquified Natural Gas for a 10-year period, simplifying of US poultry exports under the 2016 tariff rate quota, and private sector commitments to invest $3.3bn in US industries such as mining and metals recycling. However, Van Zyl said the lack of a formal agreement was sowing uncertainty for long-term business planning and investment beyond the immediate cost pressures. 'The only constant is uncertainty. Our export sectors are now left to fend for themselves – simply because the government acted too late and too vaguely,' said Van Zyl. 'Investors seek certainty – and what they're now getting is ambiguity and silence. This is the kind of uncertainty that drives capital away. We need a proactive trade policy – one driven by results, not rhetoric. 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