S’Africa Pension Fund invests $750m into SA Home Loans

S’Africa Pension Fund invests $750m into SA Home Loans

  

South Africa’s government employees’ pension fund is investing nearly $750 million into lender SA Home Loans.

Report from the Firm says this will provide cheaper mortgages and build more houses in a country with glaring income disparities.

 

The lack of affordable housing is a major issue in South Africa, where unemployment rate is around 26.7 percent. Poverty has persisted in the economy two decades after the end of apartheid rule.
SA Home Loans has been the lender of choice for many government employees over the years.