INTERVIEW: GAUTENG PARTNERSHIP FUND
Gauteng Partnership Fund -
catalyst in the delivery of integrated human settlements in Gauteng Traditionally associated with the funding and implementation of social housing projects, rental housing and off-campus student accommodation opportunities, the Gauteng Partnership Fund (GPF) has strategically repositioned itself to include its existing role, and implementation agency role for mega projects.
The Gauteng Partnership Fund (GPF) is a schedule 3C
Public Entity founded in 2002 and is 100% owned by the Gauteng Department of Human Settlements within the province.
SA BUSINESS INTEGRATOR interviewed Acting CEO of the GPF, Daniel Molokomme, the Investment Officer for the organisation, Shiraaz Lorgat, and Marketing and Communications Manager, Ntombenhle Gwina, about these changes and the standout progress that the Fund has made in recent times. “With the GPF’s experience in leveraging funding, we became the implementation agent for the Gauteng Department of Human Settlements for mega projects. We traditionally provided mezzanine funding for perpetual rental programmes. To illustrate the funding agency model simply, we work on a 10% equity basis, 30% from GPF and 60% from a senior funder," explains Lorgat. Senior funders include organisations such as the Public Investment Corporation (PIC), the Trust for Urban Housing Finance, the National Empowerment Fund and the Futuregrowth Asset Management. Molokomme adds: “The GPF sees itself more lately as taking on the role of catalyst in the delivery of integrated human settlements in Gauteng. This means bringing developers onboard and project-managing the construction part. The Department of Human Settlements (Gauteng) makes a budget available for us to develop mega-projects”. Empowerment of emerging members of the property development value chain
An additional and consequential key benefit of the GPF’s operations is the empowerment of emerging developers, Daniel Molokomme, Acting CEO, of Gauteng Partnership Fund
contractors and other members of the property development value chain in Gauteng, including the provision of employment
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