The 2016/17 edition of Limpopo Business is the eighth issue of this highly successful publication that, since its launch in 2007, has established itself as the premier business and investment guide to the Limpopo province.
Limpopo is unique in terms of its abundant natural and human resources, and is also one of the key drivers behind the South African economy.
This edition of Limpopo Business is officially endorsed by the Office of the Premier of Limpopo.
PROFILE Risima Housing
PROFILE Risima Housing Finance Corporation The corporation exists to improve access to housing for the citizens of Limpopo Province. The Risima Housing Finance Corporation (Pty) Ltd is a subsidiary company of LEDA, which is charged with the responsibility of providing housing finance and related services that enable the people of Limpopo to acquire decent homes. The organisation was established in 2000. Its core focus is providing access to home loan finance and property development finance for the residents of the province. Its current strategic plan includes an intention to investigate possible partnerships in the development of property and rental stock in the proposed Special Economic Zones in the Greater Tubatse and the Musina local municipalities. Product portfolio (finance categories): • Residential building construction – allows clients to build a house of their choice • Purchasing of existing residential houses – clients buy existing houses, either from owners, developers or through estate agencies • Purchasing of sites – enables clients to purchase vacant land with a view to build in the near future LIMPOPO BUSINESS 2016/17 36
PROFILE and Title Deed, to purchase or build residential properties. Financial performance The most recent financials for Risima indicate that: • In the last financial year, the company recorded a total income of R37-million with a profit of R22.5-million against the targeted budget of R12.3-million. • The total loan book grew from R298.2-million to million loan impairment excluded. Despite the funding constraints, there was a positive variance of R26.6-million. • Total assets recorded for the year are currently R336.7-million. • Extensions and renovations – clients are assisted with financing for home improvements • Switch bonds – entails taking over a bond from another financial institution • Installation of solar-water-heating systems – assists existing clients who want to switch to energy efficient systems • Additional loans – clients who have equity on their properties can apply for additional loans • Access bond – available to clients who pay more than the required instalment on their home loans Official classification The company is classified under schedule 3D of the Public Finance Management Act as a provincial government business enterprise that deals with home-loan finance to the end-users who are permanently employed citizens of the Republic of South Africa, resident in Limpopo’s rural and urban areas and where property ownership is evidenced by the Permission to Occupy or Deed of Grant Risima stakeholder engagement The Department of Public Service and Administration established the Government Employees Housing Scheme (GEHS) to assist government employees with access to home-loan finance and Risima was selected as one of the implementing agents of the scheme. Risima is also appointed by COGHSTA to implement and administer the Financial Linked Individual Subsidy Programme (FLISP) in the province. CONTACT INFO Lebowakgomo (head office) Tel: +27 15 633 4732 or +27 15 633 4700 Polokwane (regional office) Tel: +27 15 295 5120 Ritavi (regional office) Tel: +27 15 303 1731 Thohoyandou (regional office) Tel: +27 15 962 4900 37 LIMPOPO BUSINESS 2016/17
