Rainprop (Pty) Ltd is the concessionaire company. It is an independent private company which operates independently from the DTI. The entity was formed and its key performance areas are to design, construct, finance and manage as per the PPP agreement entered into between the DTI and itself. Currently the company has complied with the design, construct and finance phase and is currently in the management phase.
The company has engaged the services of a Facilities Management Company called the EDC to manage the Dti campus.
International Housing Solutions, formed in 2005, pursues international affordable housing opportunities in South Africa and Sub-Saharan Africa. IHS invests where housing demand for low-to-middle income households is significantly higher than supply due to rapid household formation and urbanization, housing supply or affordability limitations, and limited development capital availability.
The first fund closed by IHS, named the South Africa Workforce Housing Fund I (“SAWHF”) invested in workforce housing, where the average market value per unit is less than ZAR 650,000 per unit in the case of properties in South Africa (adjusted by CPIX), “missing middle”. The size of Fund 1 was ZAR 1.9 billion with 35 investments having been made since its first close in May 2008. IHS has recently closed its second round of Fund Raising for its second fund, in which WDB Investment Holdings participated.
Safari Investments (JSE: SAR) is property development company listed on the main board of the JSE as a real estate investment trust with a market capitalisation of R1.4 billion.
Safari has exposure to retail properties in affluent townships in Gauteng. The company specialises in the development of high end shopping malls to consumers in townships. This is done through refurbishments, upgrades and other improvements to existing retail buildings. Its property portfolio includes the Atlyn Shopping Centre in Atteridgeville, Denlyn Shopping Centre in Mamelodi and the Thabong Shopping Centre in Sebokeng.