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Presentation to the Parliament Select Committee on Public Hearing on 2 & 3 November 2004 – Parliament – CAPE TOWN. Presentation Topics. Servcon’s Mandate and Role Performance to date Challenges Corrective Measures put in place Changing Environment Financial Management Way- Forward.

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  1. Presentation to the Parliament Select Committee on Public Hearing on 2 & 3 November 2004 – Parliament – CAPE TOWN

  2. Presentation Topics • Servcon’s Mandate and Role • Performance to date • Challenges • Corrective Measures put in place • Changing Environment • Financial Management • Way- Forward

  3. 1. Servcon Mandate and Role • Joint Venture between Government and the Banking Sector • Deals with repossessed properties – on or before 31 August 1997 totaling 33 386 • Four key options were made available to clients namely rental; buy back i/s; Insitu for disabled and aged; Relocation Assistance Programme – Thubelisha • Contract for eight years 4/1998 to 3/2006

  4. 2. Performance to Date • First Five years achieved set targets with an ideal Soft Core clientele – 52, 5% properties were satisfactorily disposed of. • Remaining Portfolio as at 1 April 2003 constituted Hard Core clientele. • Target set for 31/03/2004 was 65%SDO and only 59% was achieved & reasons • Political interventions; Failed evictions and moratoriums placed by Provinces

  5. 3. Challenges • Key Stakeholders: having varying ideas on how to assist Servcon achieve its SDO’s targets • Clients, who opted for relocation program, reneging to move when prompted to do so • Evictees, who were taken through applicable options, using political structures to remain in illegal occupation of bank owned houses • Delayed implementation of suggested alternatives and limited meeting of SDO targets

  6. 4. Corrective Measures put in place • Articulated, to all stakeholders and partners, pertinent issues that needed respective attention and thus enable Servcon to positively achieve SDO targets • Suggested in situ right for all houses where outstanding debt is less than subsidy amount • Suggested an incentive equivalent to eviction cost for relocation acceptance

  7. 5. Changing Environment • The environment has drastically changed since 1 April 1998 • Although Servcon assisted clients in the ring fenced properties, more people came forward asking for the same privilege – extension of cut off date: DoH is still entertaining proposal • Servcon role in assisting the DoH i.t.o. of new Housing Plan and the FSC.

  8. 6. Financial Management

  9. 7. Way Forward • Finalize ring fenced portfolio on or before 31 March 2006 • DoH enhancing Servcon in terms of the Housing Comprehensive Plan and ensure it carries out its renewed mandate on Consumer Education, Rental Stock and Secondary Market initiatives – PPP • Monitoring and Evaluation - Performance

  10. THANK YOU

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