Property developer eyes crowdfunding for project

Rerotlhe, a local property developer seeking to build affordable houses, has launched a bond on crowdfunding platform, Reality Africa, which will allow the firm to raise up to P5.38 million from armchair investors.

Crowdfunding is the practice of funding a project or venture by raising monetary contributions from a large pool of people.

The company, owned by the Moalusi family, plans to build 17 units for affordable housing, 13 for sale and four for rentals on a 3,685 square metre (sqm) plot in Mogoditshane.

Editor's Comment
Tana project a welcome development

Whilst the project received mixed reactions from members of the public, the project is indeed a welcome development, which needs to be implemented as soon as possible. Many shared their opinion, with those against the project decrying that if implemented, it will kill the already struggling public transport industry.Many countries around the world have state-run public transport, and those who have travelled to such countries will give testimony...

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