-
The rich enjoy life in eco-tourism properties while the land owners languish in poverty
-
IDC’s refusal to issue commitment letter threats to collapse a relish and sauce company
-
Anxious Easter moments as fuel price increase
-
Top five ANC positions in Limpopo and Mpumalanga uncontested
-
Service delivery failures in municipalities chase away investors - Ramaphosa
-
Coalition governance gaining acceptance ahead of municipal elections – Ipsos study
-
Food production’s unintended climate change contribution
-
Inside a surgeon’s most defining moment of separating conjoined twins
-
IDC roasted for being ‘anti-black’
-
Call for investors and labour to be active in fighting corporate crime
Premier Ndlovu wants to see Mpumalanga youth benefiting in the lucrative real estate business
Mpumalanga premier Mandla Ndlovu's government has partnered with the Property Practitioners Regulatory Authority to train youth in real estate.
Source: Supplied
Sizwe sama Yende
As part of its quest for unemployment solutions, Mpumalanga province has decided to train the youth to take part in the multi-trillion rand real estate industry.
Mpumalanga premier, Mandla Ndlovu, announced this initiative when he delivered the State of the Province Address on Thursday.
The residential real estate market in South Africa is estimated at US$ 30.19 billion (R499.5bn) in 2026, and is expected to reach US$52.35 billion (R866.1bn) by 2031. The commercial real estate market is estimated at US$110 billion (R1.92 trillion).
Mpumalanga has its own share of the industry. Ndlovu’s announcement comes at a time when reports indicate that the real estate market in Mpumalanga was experiencing strong growth.
The province is now the second high-value residential hotspot in South Africa after the Western Cape. The interest is driven by tourism, agriculture, and mining. Mpumalanga saw an average house price growth of 7% year-on-year, significantly outperforming the national average.
Ndlovu said that his government would sign a Memorandum of Understanding with the Property Practitioners Regulatory Authority and Services SETA to embark on a Real Estate Training and Placement Programme.
The programme aims to to equip participants with industry-relevant knowledge, practical competencies, and placement opportunities within the property sector.
“The property sector,” Ndlovu said, “is one of the largest and most powerful economic engines in the country, yet, despite its scale and resilience, the sector has remained largely untransformed and inaccessible to previously disadvantaged individuals.”
The real estate industry’s image has long been tarnished by allegations of racism and exclusion.
“The programme aims to address unemployment, promote entrepreneurship, and increase participation in the real estate industry,” Ndlovu said.
He said that 200 job opportunities would be created in the first cohort to be recruited at the beginning of the 2026/27 financial year.
According to Mordor Intelligence, the vigorous pace of growth in the South African real estate is as a result of easier monetary conditions, the nationwide rollout of the Electronic Deeds Registration System, and sizable pent-up demand in both affordable and coastal lifestyle segments.
“Momentum continues even while national GDP grew just 0.6% in 2024 and 1.8% in 2025, showing that housing demand operates on drivers largely detached from near-term macro volatility.”