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/ 10 March 2008

Anger at Cape eviction order

The Cape High Court on Monday gave the go-ahead for the eviction of several thousand residents of the Joe Slovo informal settlement to make way for a housing development. Hundreds of Joe Slovo residents, who had gathered in the street outside the court, chanted angry slogans after the judgment was handed down.

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/ 17 January 2008

Home builders to feel the heat

If the South African Reserve Bank needs further evidence of the dampening effect of higher rates on real economic activity, recent building data has been just that, according to independent economic analysts. A major challenge facing the government is also the extreme escalation in building costs.

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/ 26 November 2007

Absa injects money to cut housing backlog

Absa and the National Housing Finance Corporation (NHFC) on Monday signed a memorandum of understanding to speed up the provision of housing in several provinces. Absa has committed R2,6-billion for the building of 100 000 units by 2010. The bank has also committed an additional R150-million for project preparations.