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PRESENTATION TO PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS ON 26 FEBRUARY 2014

PRESENTATION TO PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS ON 26 FEBRUARY 2014. Closure of the National Housing Fund. Table of Contents. Background Way forward. Background. A National Housing Fund was created in 1966 and subsidised housing projects were funded from this Fund.

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PRESENTATION TO PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS ON 26 FEBRUARY 2014

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  1. PRESENTATION TO PORTFOLIO COMMITTEE ON HUMAN SETTLEMENTS ON 26 FEBRUARY 2014 Closure of the National Housing Fund

  2. Table of Contents • Background • Way forward

  3. Background • A National Housing Fund was created in 1966 and subsidised housing projects were funded from this Fund. • Both Provinces and Municipalities applied for funding of housing projects which was granted as loans. • When the Housing Arrangements Act (Act 155 of 1993) was promulgated section 12B also provided for the establishment of National Housing Fund.

  4. Background cont. • Section 11(1) of the Housing Act of 1997 (Act No. 107, 1997) also provided for the continued existence of South African Housing Fund (SAHF). • In line with the provisions of this Act, funds allocated for housing development were transferred from the national vote to the South African National Housing Fund. • Funds which were not utilised remained in the fund and did not revert back to the fiscus.

  5. Background cont. • The introduction of the Division of Revenue Act (DoRA) meant that funds are to be transferred from the national vote to the provincial vote via the provincial treasury. • This rendered the National Housing Fund dormant. • As a result in August 2003, MinMec approved the disestablishment of the SAHF. • On 18th November 2003 the SAHF was de-listed from Schedule 3A of the PFMA

  6. Background cont. • The closure or the disestablishment of the SAHF can only be effected via the amendment of the Housing Act (Act 107 of 1997). • Subsequent to the de-listing, endeavours were made to amend the Housing Act in order to effect the disestablishment of the SAHF. • These endeavours resulted into the Housing Amendment Bill. • The Housing Amendment Bill was however withdrawn as a result of the change of mandate of the department.

  7. Way forward • The Department decided to embark on a process of developing a green paper. • According to the Dept’s MEDIUM TERM STRATEGIC FRAMEWORK 2014 – 2019, it is anticipated that the current Housing Act will be amended in 2017, and in terms of moving forward, be known as the Human Settlements Act.

  8. Appointment of Consultants • The appointment of consultants is approved by the accounting officer. • Units have to do a gap analysis before approval indicating reason for such appointments of consultants. • Appointment of consultants now gets reported on the quarterly performance report. • The office of the AG did not raise any adverse findings around the appointment of consultants in the last annual report.

  9. THANK YOU “We have come a long way – Celebrating 20 Years of Freedom!”

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